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Holcim beats UltraTech in first half

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Swiss cement major Holcim has strengthened its position in India, due to a robust comeback from ACC. The company, one of the world’s top two cement makers, has continued to beat domestic cement giant UltraTech Cement this year. The gap in their sales growth has further stretched this year. Holcim group’s companies in India have put a far better show with sales growth of over 8.2 per cent and production at 7.8 per cent. Overall, the industry’s growth stood at three per cent during the period. Holcim is present in the country through ACC and Ambuja Cements with a production capacity of 54 million tonne. After Grasim’s cement assets demerger and acquisition of ETA Cement, UltraTech controls a little less capacity at 52 mt.

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