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ArcelorMittal intends to acquire Holcim’s stake at over $10 bn

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Holcim owns 63%, 50.02% stakes in Ambuja Cement, ACC, respectively

The stake of Holcim Group in Ambuja Cement and ACC Cement combined has intensified, with ArcelorMittal showing interest in acquiring the asset valued at over $10 billion.ArcelorMittal emerged as a formidable contender in Holcim Group. Its entry into the cement business will enable ArcelorMittal to establish brand recognition in India and complement the steel business.Holcim can extract a premium from the new entrants into the cement business as it will make it the second-largest producer in India.Ambuja Cement and ACC have a combined production capacity of 66 million tonnes per annum (mtpa), which will increase to 80 mtpa after completing the ongoing expansion projects.Holcim holds a 63% stake in Ambuja Cement and a 50.05% stake in ACC.Since September, Holcim has been selling its non-core assets and divested its Brazilian unit for $1 billion.Ambuja Cement reported a 30% decline in the March quarter, with net profit at Rs 856 crore, compared to Rs 1,228 crore, even as its income increased 3% to โ‚น7,990 crore from Rs 7,812 crore.The net profit of ACC was down by 30% to โ‚น396 crore from Rs 563 crore, while its net sales increased by 3% to Rs 4,322 crore from Rs 4,213 crore.ArcelorMittal is competing with other firms, including Adani Cement and JSW Group, for acquiring Holcim stakes. Other players are UltraTech Cement and Shree Cement.JSW Group has offered $4.5 billion in its own equity share and $2.5 billion jointly with private equity partners.ArcelorMittal, with the acquisition of Essar Steel assets, has been bullish on investment in India. This year in March, it entered into a strategic partnership with Greenko Group to develop a 975 MW renewable energy project at Rs 4,570 crore in Andhra Pradesh.This project is estimated to complete in two years. After completion, it will provide uninterrupted green energy to ArcelorMittal Nippon Steel (AM/NS) India for 25 years.

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Also read:ย Holcim Group to sell Ambuja Cement and ACC Ltd

Concrete

World Cement Association Annual Conference 2026 in Bangkok

Global leaders to focus on decarbonisation and digitisation

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The World Cement Association (WCA) will host its 2026 Annual Conference from 19โ€“21 April 2026 at The Athenee Hotel in Bangkok, Thailand. The two-day programme will convene global cement industry leaders, policymakers, technology providers and stakeholders to examine strategic, operational and sustainability challenges shaping the sector’s next phase of transformation. The conference theme of shaping a sustainable future through digitisation, innovation and performance will frame sessions and networking opportunities across the event.\n\nThe programme will open with a comprehensive assessment of the global economic environment and its impact on cement markets, alongside regional outlooks across Asia and Europe. Speakers will address regulatory developments including carbon border adjustment mechanisms (CBAM) in Europe, progress in Chinaโ€™s carbon trading system and market dynamics in Thailand and South East Asia, and will outline practical decarbonisation pathways such as alternative fuels, next-generation supplementary cementitious materials (SCMs) and calcined clay developments. Sessions will also examine AI-enabled kiln optimisation and other digital approaches to improve plant performance.\n\nDay two will focus on overcapacity challenges and industry restructuring, using case studies and regional perspectives to provide delegates with practical insights into unlocking performance while accelerating decarbonisation. Discussions will explore digital maturity and AI-driven plant operations, manufacturing optimisation, sustainable building solutions and circular concrete models, together with evolving customer requirements across the construction value chain. The event will include the WCA Awards Ceremony at the Awards Gala Dinner on 20 April to recognise excellence in sustainability, innovation, safety and leadership.\n\nPhilippe Richart, chief executive officer of the WCA, said the sector was navigating a period of profound transformation, from managing overcapacity and market volatility to deploying AI and delivering measurable decarbonisation, and that the Annual Conference would bring global leaders together to exchange practical solutions and strengthen collaboration. Registration is open and tickets include admission to the two-day event, all sessions, refreshments and lunch, exhibition access and the Awards Gala Dinner. Further information on the programme is available via the WCA Annual Conference 2026 event page and queries on sponsorship or exhibition may be directed to events@worldcementassociation.org.

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Concrete

Assam Chief Minister Opens Star Cement Plant In Cachar

New plant aims to boost local industry and supply chains

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Chief Minister Himanta Biswa Sarma inaugurated the Star Cement plant in Cachar on 28 February 2026, marking the opening of a manufacturing facility designed to serve the region. The event was attended by state officials and company representatives, and it was reported with inputs from ANI. The plant is positioned as a strategic addition to the industrial landscape of southern Assam and is expected to improve the availability of construction materials for local projects.

The establishment is expected to generate employment opportunities and to stimulate ancillary businesses in the supply chain, including transport and local vendors. State officials indicated that the plant will enhance logistical efficiency by reducing the need to transport cement over long distances, which may lower construction costs for public and private projects. Observers said the presence of a regional cement facility can support housing and infrastructure initiatives that are underway or planned.

Government representatives reiterated that the state seeks to attract responsible investment that complements regional priorities and that the administration will continue to facilitate infrastructure and connectivity to support industrial operations. The inauguration was presented as consistent with broader efforts to diversify the industrial base in the northeast and to create an enabling environment for small and medium enterprises that supply goods and services to larger manufacturers.

Company sources and the state leadership underlined the importance of maintaining environmental safeguards while pursuing industrial growth, and they signalled that compliance with applicable norms will be a priority at the new facility. The announcement was framed as a step towards balanced development that links job creation, regional supply chains and local economic resilience. The report was prepared by the TNM Bureau with inputs from ANI.

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Concrete

Adani Cement, NAREDCO Form Strategic Alliance

ย Partnership to advance skills and sustainable construction

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Adani Cement has entered into a strategic partnership with the National Real Estate Development Council (NAREDCO) to support Indiaโ€™s expanding housing and infrastructure requirements aligned with the vision of Viksit Bharat 2047.
The collaboration brings together Adani Cementโ€™s building materials portfolio, research capabilities and technical expertise with NAREDCOโ€™s network of over 15,000 member organisations. The partnership will focus on skill development, knowledge exchange, technology adoption and sustainable construction practices across the real estate ecosystem.
Joint initiatives will include certification programmes for masons and contractors, along with training modules for site supervisors from NAREDCO member organisations to strengthen execution standards and quality control. The partners will also promote modern construction technologies, green materials and integrated building solutions, including ready-mix concrete, while exploring support for affordable housing.
Vinod Bahety, CEO โ€“ Cement Business, Adani Group, said, โ€œThis partnership reflects a shared commitment to nation-building and to creating an ecosystem where quality, innovation, and sustainability are integral to every project. By working closely with NAREDCO, we aim to equip developers with advanced materials, deeper technical support, and structured knowledge platforms that can improve performance across the entire project lifecycle.โ€
Dr. Niranjan Hiranandani, Chairman, NAREDCO, stated that the association aims to encourage responsible construction practices and promote adoption of green building norms across expanding urban centres.

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