Economy & Market

Holcim ups stake in Ambuja to over 50 per cent

Published

15 years ago

January 6, 2011

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Swiss major Holcim has increased its stake in Ambuja Cements by around 4 per cent in the last couple of months to over 50 per cent through open market transactions. It has been noticed that ever since Holcim picked up stake in Ambuja Cements, it has been increasing its holdings in the firm. And during the last couple of months, Holcim has picked up an additional 4 per cent stake in Ambuja taking its total equity holding to over 50 per cent. The shares, thus accumulated were bought through open market transactions. The global cement major Holcim had in 2006 acquired the management control of Ambuja Cements, founded by Narotam Sekhsaria in 1983 with a partner, Suresh Neotia. Gradually, it increased its stake to 46 per cent towards the end of 2007. Holcim also controls ACC. ACC and Ambuja Cements together have 52 million tonne per annum or around 20 per cent of India’s total cement installed capacity. ACC has 27 million tonne per annum and Ambuja Cements 25 million tonne per annum capacity in 2010. Work is on at ACC to increase the capacity to 30 million tonne per annum by the middle of the current year and at Ambuja Cements to 27 million tonne per annum within 2011.

Concrete

WCA Welcomes SiloConnect as associate corporate member

Published

8 hours ago

April 13, 2026

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The World Cement Association (WCA) has announced SiloConnect as its newest associate corporate member, expanding its network of technology providers supporting digitalisation in the cement industry. SiloConnect offers smart sensor technology that provides real-time visibility of cement inventory levels at customer silos, enabling producers to monitor stock remotely and plan deliveries more efficiently. The solution helps companies move from reactive to proactive logistics, improving delivery planning, operational efficiency and safety by reducing manual inspections. The technology is already used by major cement producers such as Holcim, Cemex and Heidelberg Materials and is deployed across more than 30 countries worldwide.

Concrete

TotalEnergies and Holcim Launch Floating Solar Plant in Belgium

Published

8 hours ago

April 13, 2026

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TotalEnergies and Holcim have commissioned a floating solar power plant in Obourg, Belgium, built on a rehabilitated former chalk quarry that has been converted into a lake. The project has a generation capacity of 31 MW and produces around 30 GWh of renewable electricity annually, which will be used to power Holcim’s nearby industrial operations. The project is currently the largest floating solar installation in Europe dedicated entirely to industrial self-consumption. To ensure minimal impact on the surrounding landscape, more than 700 metres of horizontal directional drilling were used to connect the solar installation to the electrical substation. The project reflects ongoing collaboration between the two companies to support industrial decarbonisation through renewable energy solutions and innovative infrastructure development.

Concrete

Cortec® Corporation applauded for its strong safety performance

Published

8 hours ago

April 13, 2026

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Cortec® Corporation has been recognised for its strong safety performance, receiving its sixth Governor’s Workplace Safety Award for its outstanding performance in 2025. As a Silver Achievement recipient, the company continues to maintain safety metrics well above national industry averages, an impressive accomplishment for a chemical manufacturing organisation. This achievement reflects Cortec’s proactive approach to workplace safety, focused on early hazard detection and employee involvement. The company will be formally recognised at the Minnesota Safety and Health Conference in May, highlighting how industrial companies are effectively strengthening workplace safety standards.