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News Adani Group sets out joint growth strategy for ACC and Ambuja Cements

Adani Group sets out joint growth strategy for ACC and Ambuja Cements

Written by Global Cement staff 01 June 2023
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India: Adani Group plans to grow ACC and Ambuja Cements' capacity to 140Mt/yr by 2028 under a joint expansion strategy. The Hindu newspaper has reported that new strategy includes capital expenditure with a value of US$5.58bn and new acquisitions. Investments will reportedly be split equally between the two subsidiaries. After completion of the current growth plan, the cement producers will 'pause for a while' prior to any subsequent expansion phase.

Adani Group said that it is proceeding with an operational merger of ACC and Ambuja Cements, without merging their distinct brands. The priority of the merger will be to increase efficiency in supply chains and logistics operations.

Last modified on 07 June 2023
Published in Global Cement News
Tagged under
  • India
  • Adani Group
  • Adani Cement
  • ACC
  • Ambuja Cements
  • Merger
  • Investment
  • Strategy
  • Capacity
  • target
  • growth
  • logistics
  • supply chain
  • GCW611

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