Displaying items by tag: ACC

India: Birla Corporation has appointed Arvind Pathak as its managing director and chief executive director (CEO). He will succeed Pracheta Majumdar from 31 March 2021.
Pathak holds 36 years of experience in the cement industry. He has held CEO or equivalent positions for over 14 years in various large organisations which include ACC, Dangote Cement, Adani and Reliance Group. He holds a degree in Electrical Engineering from Indian Institute of Technology (Banaras Hindu University), Varanasi and a postgraduate degree in Industrial Engineering and Management. He has also been trained in a number of international management institutions.

India: ACC’s audit committee and board of directors have approved the renewal of the company’s master supply agreement with Ambuja Cements from 2 May 2021 to 2 May 2024. The agreement will continue on its current terms.

India: ACC’s net sales fell by 12% year-on-year to US$1.85bn in 2020 from US$2.11bn in 2019. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped by 3% to US$341m from US$332m. Cement sales volumes decreased by 12% to 25.5Mt and ready-mixed concrete sales volumes by 36% to 2.3Mm³. The subsidiary of Switzerland-based LafargeHolcim said that its cost efficiency program and working capital optimisation helped it to grow earnings and profits in 2020 despite the coronavirus pandemic.

India: LafargeHolcim subsidiary ACC has launched its ECOPact range of reduced-CO₂ concrete products in Hyderabad and Mumbai. A full nationwide rollout will follow in February and March 2021.

Managing director Sridhar Balakrishnan said, "The innovative manufacturing process of the ECOPact range reduces CO₂ emissions by up to 100% and further enhances our sustainable products offerings for the construction industry.”

India: Ambuja Cements subsidiary ACC has held the groundbreaking ceremony for its upcoming 2.7Mt Ametha integrated cement plant near Kymore, Madhya Pradesh. The company says that the plant will be equipped with an additional 1Mt/yr grinding unit and a 15MW waste heat recovery (WHR) plant. It estimated that the new plant will generate over 5000 indirect jobs. The producer currently operates 3.6Mt/yr of clinker production and 2.7Mt/yr of grinding capacity in the state.

LafargeHolcim India chief executive officer and Ambuja Cements managing director and chief executive officer Neeraj Akhoury said, “Our Business Excellence Journey has been successful on account of the continuous support and guidance rendered to us by the State Government. It is a great privilege and honour for us to be one of the pioneers in the industrialisation journey of Madhya Pradesh. The new project will further strengthen our partnership and propel the growth of the State.”

India: ACC and Ambuja Cements have chosen US-based Blue Yonder to improve their supply chain management. Both subsidiaries of LafargeHolcim are using Blue Yonder’s Luminate Planning software product to help improve sales and operational planning.

"We chose Blue Yonder as our partner for supply chain management digitalisation because Luminate Planning will give us greater visibility into our combined supply chains," said Rajeev Mehta, chief logistics officer, ACC and Ambuja Cement. "The objective of this project is to improve the customer experience and service levels, yet profitably grow by tapping into the synergies of our supply chains, thus maximising capacity utilisation and minimising overall cost."

India: LafargeHolcim subsidiary ACC has commissioned a new 1.4Mt/yr unit at its Sindri cement grinding plant in Jharkhand. The plant now commands a total grinding capacity of 4.4Mt/yr. The company began work on the expansion in December 2019 in order to strengthen its presence in the Eastern region. It said that the state government and local authorities aided smooth commissioning.

LafargeHolcim India chief executive officer (CEO) and non-executive director ACC Limited Neeraj Akhoury said, "Strong ambition aimed at deliverance of high performance is what guided ACC to establish the commissioning of the Sindri GU-Phase-II within a record period.” He added, “I am proud of the flexibility and agility demonstrated by the team."

ACC managing director and chief executive officer (CEO) Sridhar Balakrishnan said, “The commitment, meticulous planning and collaborative approach by the Project Sindri team in these unprecedented times and commencing the cement production in a record time have set a new benchmark for ACC.”

India: The Competition Commission of India (CCI) has raided the offices of LafargeHolcim subsidiaries ACC and Ambuja Cement and Aditya Birla subsidiary UltraTech Cement as part of an investigation into alleged anti-competitive behaviour, according to the Press Trust of India. ACC said it, "is of the firm view that it has acted and continues to act in compliance with competition laws and we are fully cooperating with the investigation and providing all necessary information to the authorities."

India: The Tamil Nadu Pollution Control Board (TNPCB) has fined ACC subsidiary Madukkarai Cement US$61,000 for fugitive emissions of clinker and cement dust in mid-2020. The Hindu newspaper has reported that inspections found dust in the village Kurumbapalayam, Coimbatore District, located on the eastern side of the cement plant. An ambient air quality survey in September 2020 revealed higher-than-prescribed particulate volumes.

In addition to paying the fine, the producer must comply with 19 instructions of the TNPCB for air pollution control and monitoring by 7 January 2021.

India: Police have fired warning shots after protesters outside LafargeHolcim subsidiary ACC’s Sindri cement plant in Jharkhand threw stones at them, according to the Pioneer newspaper. Sub-divisional manager Satyendar Kumar’s officers made three arrests. Residents of Dhanbad district are reportedly protesting a lack of local jobs. ACC had been in talks with local people when the disturbance broke out.