Economy & Market

ACC, Ambuja Cements merger not on cards

Published

13 years ago

May 31, 2011

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Holcim, the Swiss cement major has no plans to merge ACC and Ambuja Cements though it owns over 50 per cent in both the companies. Holcim, which had majority stakes in ACC and Ambuja Cements, recently increased its stakes in the two companies through the creeping acquisition route to levels just short of 51 per cent. Holcim’s equity stake in ACC has increased to 50.10 per cent from 48.32 per cent in end-December and in Ambuja Cements to 50.01 per cent from 45.45 per cent. With the holdings little short of the 51 per cent in the companies, there has been speculation that Holcim may merge ACC and Ambuja Cements. However, Holcim stated that it has no intention to merge these companies now. A spokesperson for Holcim said the company is not intending to further raise its stakes substantially in either ACC or Ambuja Cements. Also Holcim will not merge the two group companies but will certainly explore opportunities to further improve its asset footprint and its efficiencies as well as logistics network, the spokesperson said.

Concrete

Sustainable solutions by Ambuja Cement, ACC

Published

9 hours ago

December 4, 2023

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Ambuja Cement and ACC the cement and building material companies of the diversified Adani Group announced solutions to an array of customer concerns while keeping environment sustainability at its core. Examples of this are the concrete mix proportioning solution; designed to optimise the proportions of aggregates, sand and water in concrete mixes considering their unique properties. This helps the company optimise the resources thereby minimising wastage. The company also developed an in-house modular curing solution, also known as zero-water curing. This technique helps concrete slab curing without excessive use of water. This has helped save about 39 million litres of water across multiple sites.

Concrete

Fornnax adds 430HP secondary shredder to it’s R-series line-up

Published

9 hours ago

December 4, 2023

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Fornnax technologies showcased the R4000-HD tyre shredder at the IFAT expo 2023, where the company got a platform to interact with industry professionals from domestic as well as overseas markets and demonstrate the technological prowess of their machine. The R4000-HD is a powerful machine designed to make secondary shredding and steel separation more efficient and profitable.
The machine saves electricity and man-power and due to its design features it is built to make maintenance procedures easier and also lower the wear and tear to the equipment, thus lowering operating cost. It can process various materials from types, cables, e-waste and aluminium scrap. It is built to last 20-25years. With all its features and sturdy built, it is one of the most powerful secondary shredding machines in the industry.

Concrete

Udaipur Cement Works Limited doubles its clinker capacity

Published

9 hours ago

December 4, 2023

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A subsidiary of the well known JK Lakshmi Cement Ltd., Udaipur Cement Works Ltd. (UCWL) recently announced the expansion of its clinker facility taking its current capacity from 1.5MTPA to 3 MTPA at Udaipur. The company, by the end of financial year 2023-24, plans to exceed twice the current capacity from 2.2 MTPA to 4.7 MTPA. The capacity expansion has been funded through a mix of equity and debt; the company recently successfully completed its rights issue of INR 450 crores.
They have two brands under their portfolio ‘Platinum Heavy Duty Cement’ and ‘Platinum Supremo Cement’.
Also known for their commitment to renewable energy and environment sustainability, they have the first and only of it’s kind floating solar power plant of 1MWp at it’s mines, fulfilling 50% of their electricity needs.