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News ACC acquires Asian Concrete and Cements

ACC acquires Asian Concrete and Cements

Written by Global Cement staff 08 January 2024
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India: Adani Group subsidiary ACC has completed its acquisition of the outstanding 55% stake in Asian Concrete and Cements for US$93.2m. The Economic Times newspaper has reported that ACC expects the acquisition to strengthen its market position in North India.

Asian Concrete and Cements owns the 1.3Mt/yr Nalagarh cement plant in Himachal Pradesh and the 1.5Mt/yr Rajpura cement plant in Punjab. The assets raise the installed capacity of ACC to 38.6Mt/yr and that of Adani Group to 77.4Mt/yr. It plans to reach 106Mt/yr in the 2026 financial year, and 140Mt/yr in the 2028 financial year.

Last modified on 10 January 2024
Published in Global Cement News
Tagged under
  • India
  • Adani Group
  • Ambuja Cements
  • ACC
  • Asian Concrete and Cements
  • Himachal Pradesh
  • Punjab
  • Acquisition
  • growth
  • Stake
  • GCW641
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