Displaying items by tag: ACC

India: ACC has been awarded a five star rating for sustainable mining by the Ministry of Mines. Pralhad Joshiand, the Union Minister of Coal, Mines and Parliamentary Affairs of India, and Raosaheb Patil Danve, the Honourable Minister of State for Ministry of Mines, Coal and Railways, presented ACC with the award at the fifth National Conclave on Mines and Minerals held in Delhi.

The award is a recognition of the company’s efforts towards sustainable mining at the Govari Limestone Mine, the Wadi Limestone Mine, the Gagal Limestone Mine, the Jamul Limestone Mines and the Kymore Limestone Mines from amongst 1029 mines in all over India. The mines were rated from one star to five star on the criteria including: mining methodology; resettlement and rehabilitation issues; community engagement; use of green energy sources, digitisation; and data reporting.

Rajat Prusty, the Chief Manufacturing Officer of ACC, said, “Sustainability is deeply embedded in ACC’s business model. It’s a proud moment for the company to be recognised for its efforts in sustainable mining.”

India: ACC has expanded its Green Building Centre chain into Telangana. The Orissa Diary newspaper has reported that the producer inaugurated the new Karimnagar Green Building Centre in the state on 14 December 2021. The centre will stock affordable alternative building products such as fly ash bricks and reduced-CO² concrete blocks. ACC aims to support Indian cities’ social, environmental and financial development through its Green Building Centres.

Managing director and chief executive officer Sridhar Balakrishnan said "At ACC, we strongly believe in embracing communities and working together to effect the real change. ACC's Green Building Centre business model benefits thousands of small scale construction workers by giving them employment and training."

Belgium: Environmental disclosure organisation CDP has listed Cemex, HeidelbergCement and Holcim among 200 companies on its 2021 Climate Change A List for actions to mitigate their CO2 emissions. Holcim’s Indian subsidiaries ACC and Ambuja Cements also received A ratings. Both ACC and Ambuja appeared on CDP’s 2021 Water Security A List, while Holcim scored an A-.

Chief executive officer Jan Jenisch said “Building on the launch of our nature-positive strategy this year, we set new and ambitious goals to achieve water security across our operations worldwide, with our colleagues from Ambuja in India leading the way. CDP’s rankings this year are a testimony to the tremendous work carried out by our 70,000 people around the world and a great encouragement for all of us to keep raising the bar.”

India: ACC and Ambuja Cements have partnered with the Indian Institute of Technology Delhi (IITD) to develop a range of calcined clay cements with 50% lower CO₂ emissions than Ordinary Portland Cement (OPC). The collaboration will vary clinker, calcined clay and limestone levels in calcined clay cements in order to ascertain their effects on its performance. France-based Holcim Innovation Centre will fund the research.

Holcim India chief executive officer and managing director Neeraj Akhoury said "Through our extensive research and development setup, we consistently strive to develop new low-CO₂ materials for the construction industry. Calcined clay cement is one such avenue to make a significant quantitative difference in the industry and further accelerate our sustainability drive. Our academic partnership with IITD is a big step towards building a greener future and we are excited to collaborate with the best minds in the country."

The producers have previously partnered with the Indian Institute of Technology Madras (IITM) to study low-CO₂ binders with alternative reinforcements and with the Indian Institute of Technology Hyderabad (IITH) to develop smart sensing technology for continuous on-site strength evaluation of a concrete structure.

India: ACC's third-quarter sales in the 2022 financial year were US$501m, up by 6% year-on-year from US$472m in the third quarter of the 2021 financial year.Its cement sales were 6.57Mt, up by 1.2% from 6.49Mt, while its costs rose by 5.3% to US$428m from US$406m. Press Trust of India News has reported that the company's net profit in the quarter rose by 24% to US$60.1m. The company attributed its 'solid' quarterly performance to its focus on sustainability while meeting customers' needs.

Managing director and chief executive officer Sridhar Balakrishnan said "Despite a steep increase in fuel costs, our cost efficiency measures under Project Parvat have enabled us to maintain robust performance." Regarding the full-year outlook, he added "We are positive that the cement sector will benefit from increasing demand in various sectors such as housing, commercial and industrial construction."

Nigeria: Dangote Cement has appointed Philip Mathew as its deputy group managing director and chief executive officer with effect from 15 September 2021.

Following his training at the Indian Institute of Technology in Madras, Matthew has worked for cement companies since the mid-1980s when he started out as a process engineer for ACC. He later worked for Lafarge in a number of roles and countries, eventually becoming its Director - Performance and Progress for Asia based in Kuala Lumpur in the early 2010s. He held the post of Chief Manufacturing Officer for ACC in India from 2016 to 2019 before becoming LafargeHolcim’s Head of Cement Excellence Manufacturing for the Asia-Pacific region subsequently.

India: Authorities in Gwalior, Madhya Pradesh, have closed an unauthorised cement plant in connection with a crackdown on illegal production facilities in the state. The unit, reported to have been in operation for several years, was closed following a tip-off.

The investigating team confiscated more than 500 bags of adulterated cement bearing familiar brand logos, including Ambuja Cement, ACC, Birla and UltraTech Cement. In addition to mixing cement with inert materials, the authorities believe that the unit engaged in the re-sale of cement that had expired and thus could not be guaranteed to reach its designated strength in use.

Fake cement, produced by mixing genuine cement with cheaper inert materials like marble dust and artificial pigments before repacking and selling to an unsuspecting public, presents a major and growing risk to consumers of cement in India.

India: Holcim subsidiary ACC has signed the Business Ambition for 1.5°C pledge and joined the UN Framework Convention on Climate Change’s Race to Zero campaign. The producer partnered with CDP India’s Science-Based Targets (SBT) Incubator programme to develop its targets. It has committed to reduce its cement’s Scope 1 emissions by 21% to 409kg/t from 511kg/t and its Scope 2 emissions by 48% per tonne between 2018 and 2030. In 2020, the Scope 1 emissions of ACC’s cement were 493kg/t.

CDP India executive director Shankar Venkateswaran said, “CDP India’s SBT Incubator supports companies in India to align with these targets. By committing to science-based emissions reduction targets, ACC has positioned itself as an industry leader, showing the way for the sector’s transformation to a low carbon sustainable future. We believe that this will encourage more companies on their Net Zero Journey.”

India: ACC’s net sales rose by 35% year-on-year to US$1.08bn in the first half of 2021 from US$799m in the same period in 2020.Its earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 56% to US$232m from US$149m. Sales volumes of cement and ready-mixed concrete grew by 31% to 14.8Mt and by 32% to 1.41Mm³ respectively.

“I am proud of the way team ACC has recorded very good performance this quarter. With a strong focus on supply chain efficiencies and cost optimisation, the company has emerged stronger and more resilient. Waste heat recovery system projects at various sites are progressing well. The large cement capacity expansion project at Ametha in Madhya Pradesh has commenced,” said ACC’s managing director and chief executive officer, Sridhar Balakrishnan.

The subsidiary of Holcim Group added that it “believed strongly” in the resilience of the Indian economy following the coronavirus crisis. It expects cement demand to grow due to increased government spending on large scale infrastructure projects.

India: Ambuja Cements and ACC are planning to participate in parent company LafargeHolcim’s ‘Plants of Tomorrow’ programme. The initiative, which aims to make cement manufacturing more efficient through better plant optimisation, higher plant availability and a safer working environment, is part of LafargeHolcim’s ‘Building for Growth’ strategy, which was launched globally in mid-2019.

The four-year programme implemented by LafargeHolcim aims to create a global network of over 270 integrated cement plants and grinding stations in more than 50 countries by applying automation technologies and robotics, machine learning, predictive maintenance and digital twin technologies to the entire production processes. The ‘Plants of Tomorrow’ initiative is also being implemented in other key markets in Switzerland, France, Germany, United Kingdom, US, Canada and Russia.

“As an industry leader we are looking at 'Plants of Tomorrow’ as a big opportunity and responsibility to place India on the map of global cement manufacturing. This path-breaking project will lead to transformative outcomes not just in terms of operational and financial gains but also make cement manufacturing in the country environmentally sustainable and create a safe work environment for our colleagues across all our plants,” said Neeraj Akhoury, the chief executive officer (CEO) of India Holcim and managing director and CEO of Ambuja Cements.