Displaying items by tag: ACC

India: ACC and Ambuja Cements have chosen US-based Blue Yonder to improve their supply chain management. Both subsidiaries of LafargeHolcim are using Blue Yonder’s Luminate Planning software product to help improve sales and operational planning.

"We chose Blue Yonder as our partner for supply chain management digitalisation because Luminate Planning will give us greater visibility into our combined supply chains," said Rajeev Mehta, chief logistics officer, ACC and Ambuja Cement. "The objective of this project is to improve the customer experience and service levels, yet profitably grow by tapping into the synergies of our supply chains, thus maximising capacity utilisation and minimising overall cost."

India: LafargeHolcim subsidiary ACC has commissioned a new 1.4Mt/yr unit at its Sindri cement grinding plant in Jharkhand. The plant now commands a total grinding capacity of 4.4Mt/yr. The company began work on the expansion in December 2019 in order to strengthen its presence in the Eastern region. It said that the state government and local authorities aided smooth commissioning.

LafargeHolcim India chief executive officer (CEO) and non-executive director ACC Limited Neeraj Akhoury said, "Strong ambition aimed at deliverance of high performance is what guided ACC to establish the commissioning of the Sindri GU-Phase-II within a record period.” He added, “I am proud of the flexibility and agility demonstrated by the team."

ACC managing director and chief executive officer (CEO) Sridhar Balakrishnan said, “The commitment, meticulous planning and collaborative approach by the Project Sindri team in these unprecedented times and commencing the cement production in a record time have set a new benchmark for ACC.”

India: The Competition Commission of India (CCI) has raided the offices of LafargeHolcim subsidiaries ACC and Ambuja Cement and Aditya Birla subsidiary UltraTech Cement as part of an investigation into alleged anti-competitive behaviour, according to the Press Trust of India. ACC said it, "is of the firm view that it has acted and continues to act in compliance with competition laws and we are fully cooperating with the investigation and providing all necessary information to the authorities."

India: The Tamil Nadu Pollution Control Board (TNPCB) has fined ACC subsidiary Madukkarai Cement US$61,000 for fugitive emissions of clinker and cement dust in mid-2020. The Hindu newspaper has reported that inspections found dust in the village Kurumbapalayam, Coimbatore District, located on the eastern side of the cement plant. An ambient air quality survey in September 2020 revealed higher-than-prescribed particulate volumes.

In addition to paying the fine, the producer must comply with 19 instructions of the TNPCB for air pollution control and monitoring by 7 January 2021.

India: Police have fired warning shots after protesters outside LafargeHolcim subsidiary ACC’s Sindri cement plant in Jharkhand threw stones at them, according to the Pioneer newspaper. Sub-divisional manager Satyendar Kumar’s officers made three arrests. Residents of Dhanbad district are reportedly protesting a lack of local jobs. ACC had been in talks with local people when the disturbance broke out.

India: ACC plans to sell its National Limestone Company subsidiary to Ghadiya Group for around US$2.5m. National Limestone Company holds mining leases for limestone in the state of Rajasthan. Ghadiya Group operates in the construction and mining sector.

India: LafargeHolcim subsidiary ACC’s profit in the first nine months of 2020 was US$130m, down by 13% year-on-year from US$149m in the corresponding period of 2019. Sales also dropped, by 17% to US$1.31bn from US$1.58bn. Cement sales totalled US$1.24bn from US$1.45bn. An 18% decline in expenses to US$1.14m from US$1.39m failed to offset the effects of a price drop in the first half of 2020 due to decreased demand.

India: Ambuja Cement has appointed Rajani Kesari as its chief financial officer (CFO). She succeeds Sonal Shrivastava, who has moved to a new role in LafargeHolcim Group.

Kesari holds over 26 years of experience in accounting, finance, taxation, audit and general management in manufacturing, pharmaceutical as well as auditing and consulting companies. She is currently the CFO of ACC, another subsidiary of LafargeHolcim. Prior to that she was the Head of Finance for Asia Region for LafargeHolcim Group. She joined LafarqeHolcim Group in 2018 from Schneider Electric, an energy management and automation company where she was the CFO for East Asia and Japan Zone.

Kesari started her career in 1991 in finance and auditing with Lovelock & Lewes. Apart from LafargeHolcim Group, she has worked in senior positions with organisations including KPMG, Dr Reddy's Laboratories and Schneider Electric. Kesari is a qualified chartered accountant from ICAI, a Cost Accountant from ICWAI and a certified public accountant from the American Institute of Certified Public Accountant.

India: ACC has appointed Sachin Chhabra appointed as Head of Brand Marketing. Prior to this he was Head of Marketing and Digital Communications at Amway India Enterprises, the Indian subsidiary of the US company that sells health, beauty, and home care products. Chhabra was educated at the Institute of Management Technology, Ghaziabad and has also worked for Zenith and DLF.

India: ACC’s profit in the first quarter of the Indian 2021 fiscal year (1 April 2020 – 30 June 2020) was US$36.3m, down by 40% year-on-year from US$60.9m. Sales fell by 38% to US$338m from US$544m. This was due to a 33% fall in cement volumes to 4.80Mt from 7.16Mt and a fall in cement prices.