Displaying items by tag: Ambuja

India: Adani Group has secured US$5.25bn-worth of bank loans from Barclays, BNP Paribas and Citigroup for its acquisition of Holcim’s Indian cement businesses ACC and Ambuja Cements. The Business Standard newspaper has reported that the group plans to expand its cement capacity by 43% to 100Mt/yr from 70Mt/yr.

India: Ambuja Cements' sales were US$495m in the first quarter of its 2023 financial year, up by 18% year-on-year from first-quarter 2022 financial year levels. Its net profit rose by 45% to US$131m from US$90.4m.The company said that it experienced rising fuel prices and related inflationary impacts during the quarter. It mitigated their impacts through the improved efficiencies delivered under its I Can operating strategy. Meanwhile, its master supply agreement with ACC also helped to restrict growth in transport costs.

Holcim India chief executive officer (CEO) and Ambuja Cements managing director and CEO Neeraj Akhoury said "Ambuja has recorded robust volume growth of 15% and top line growth of 18%. Ambuja Kawach, our green cement, demonstrated a sales growth of 22% year on year."

India: UltraTech Cement has taken legal advice for its planned bid for Holcim's Indian business and says that it will volunteer to divest 15Mt/yr-worth of cement assets in order to accelerate the Competition Commission of India (CCI) approval process which would follow on from the acceptance of any offer. The Economic Times newspaper has reported that UltraTech Cement has filed five long form merger notifications for acquisitions of this type since 2013. These included its purchases of Binani Cement and Century Cement, and of Jaypee Group's Gujarati cement assets.

The Financial Express newspaper has reported that fellow contender Adani Group has offered 'more than' US$10bn for the assets, while JSW Group plans to offer US$7bn. BusinessLine Online News has reported that a fourth company, steel producer ArcelorMittal, has also held initial talks with Holcim over the assets.

In considering possible competition issues arising under any future deal, the CCI will factor in planned and upcoming cement capacity. In Gujarat, where Holcim India subsidiaries ACC and Ambuja Cements operate 6.8Mt/yr-worth of capacity, Adani Group plans to build a new 10Mt/yr cement plant at Lakhpat.

India: Ambuja Cement plans to invest US$469m in a 7Mt/yr expansion to its total grinding capacity. BusinessLine Online News has reported that the new capacity will consist of a new grinding plant at Barh, Bihar, and expansions to the company’s Farakka and Sankrail grinding plants in West Bengal. The company says that the new grinding capacity will become crucial after it completes its planned 3.2Mt/yr clinker capacity expansion to its Bhatapara cement plant in Chhattisgarh.

India: Ambuja Cements has celebrated the recognition of its water management practices through its listing on CDP's Water A List 2021. The company is the first cement producer to acheive the rating. It said that it succeeded through 'prudent' use of water- for instance through modular curing and concrete mix proportion adjustments - and harvesting. In addition, it continues to evolve its cement portfolio to minimise its consumption of natural resources, with a focus on water. Ambuja Cements' Sustainable Development Ambition 2030 strategy commits it to a freshwater withdrawal reduction of 15% by 2030. Its initiatives have so far saved 70Ml of water, according to the company. It called this a 'robust step' on the global path to sustainable construction and said that it will continue to advocate for environmentally friendly solutions.

Managing director and chief executive officer Neeraj Akhoury said "Water has always been the key focus area for Ambuja Cements. This achievement reaffirms our will to remain committed to address water scarcity issues in future and contribute to the establishment of sustainable tomorrow."

Belgium: Environmental disclosure organisation CDP has listed Cemex, HeidelbergCement and Holcim among 200 companies on its 2021 Climate Change A List for actions to mitigate their CO2 emissions. Holcim’s Indian subsidiaries ACC and Ambuja Cements also received A ratings. Both ACC and Ambuja appeared on CDP’s 2021 Water Security A List, while Holcim scored an A-.

Chief executive officer Jan Jenisch said “Building on the launch of our nature-positive strategy this year, we set new and ambitious goals to achieve water security across our operations worldwide, with our colleagues from Ambuja in India leading the way. CDP’s rankings this year are a testimony to the tremendous work carried out by our 70,000 people around the world and a great encouragement for all of us to keep raising the bar.”

India: ACC and Ambuja Cements have partnered with the Indian Institute of Technology Delhi (IITD) to develop a range of calcined clay cements with 50% lower CO₂ emissions than Ordinary Portland Cement (OPC). The collaboration will vary clinker, calcined clay and limestone levels in calcined clay cements in order to ascertain their effects on its performance. France-based Holcim Innovation Centre will fund the research.

Holcim India chief executive officer and managing director Neeraj Akhoury said "Through our extensive research and development setup, we consistently strive to develop new low-CO₂ materials for the construction industry. Calcined clay cement is one such avenue to make a significant quantitative difference in the industry and further accelerate our sustainability drive. Our academic partnership with IITD is a big step towards building a greener future and we are excited to collaborate with the best minds in the country."

The producers have previously partnered with the Indian Institute of Technology Madras (IITM) to study low-CO₂ binders with alternative reinforcements and with the Indian Institute of Technology Hyderabad (IITH) to develop smart sensing technology for continuous on-site strength evaluation of a concrete structure.

India: Ambuja Cement has received validation from the Science-Based Targets Initiative (SBTi) that its CO₂ reduction targets conform to a well below zero global warming scenario. India Infoline News has reported that Ambuja Cement is committed to a Scope 1 and Scope 2 CO₂ emissions reduction of 21% to 453kg/t of cementitious materials by 2030 from 531kg/t in 2020. Over this period, it aims to reduce Scope 1 emissions by 20% and Scope 2 emissions by 43%.

Ambuja's chief executive officer and managing director Neeraj Akhoury said “We are constantly dedicated and invested in sustainable development and aim to include sustainability in all operational and project planning. With science-based targets developed and validated, Ambuja Cement has now joined the group of global companies promoting an ambitious low carbon economy model for the industry. Being part of the Holcim group and one of the pioneers in the Indian cement industry, we have taken another step towards strengthening our Climate Change adaptability by joining the Race to Zero." He added "Ambuja Cement will continue to implement such best practices and adopt continuous improvement initiatives to achieve our business vision to be most competitive and sustainable company in our industry.

India: Ambuja Cements has commenced commercial production at its new 3Mt/yr Marwar cement plant in Nagaur, Rajasthan. The plant has and an additional 2Mt/yr of grinding capacity. The Orissa Diary newspaper has reported that the producer invested US$316m in its construction. The Marwar cement plant increases Ambuja Cement’s installed capacity by 20% to 29.7Mt/yr.

Managing director Neeraj Akhoury said “Ambuja has ambitious growth plans to expand its capacities in India, and the Marwar plant is a step in that direction. We are very proud that it is a ‘green plant’ designed to meet our ambition for a sustainable future. The plant has deployed all modern equipment and technology to produce cement in a more environmentally friendly manner. It has a waste heat recovery (WHR) system that converts waste heat derived during the production process into energy.”

India: Ambuja Cements has launched Concrete Futures Laboratories, a one-stop solution for the architecture, engineering and construction (AEC) professionals. Eight laboratories across India will enable them to test various aspects of cement and concrete.

CEO Neeraj Akhoury said "Our strong credentials in research and development and innovation have helped us develop new products and services tailored to our customers' needs. We consistently work towards developing cutting-edge solutions for our stakeholders, and the Concrete Futures Laboratory is a testament to our efforts. We aim to create an ecosystem that is focused on collaboration and inclusive growth to build a better and sustainable tomorrow."