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HOLCIM EXPANSION
Cement demand growth likely to moderate to around 5% in FY27: Ambuja CementsAmbuja Cements anticipates a 5 percent growth in India's cement demand for fiscal year 2026-27. This follows a stronger growth in the previ...- Karan Adani flags contractor woes, project delays as Ambuja Cements trims FY27 capexAmbuja Cements faces project delays due to contractor and team issues. The company is now prioritizing completion of ongoing expansions. Ca...
- Holcim to buy walling and roofing co XellaIn a bold move to enhance its presence in the European construction landscape, Holcim has announced plans to acquire Xella for a hefty $2.2...
- Adani to become India's No. 2 cement maker with $10.5 billion Holcim dealAdani Group, owned by billionaire Gautam Adani, currently has no cement-making operations but said the firms were a good fit given its port...
- Holcim's exit may narrow imbalance in cement market, aid pricing powerAmbuja Cement has a grinding capacity of 31.4 million tonnes per annum (mtpa) and plans to expand to 39.9 mtpa by December 2024. ACC has a ...
- What a Holcim exit would mean for ACC, Ambuja investors & cement sectorHolcim in 2021 announced ‘Strategy 2025’ where it articulated its target to expand Solutions & Products to 30 per cent of group net sales f...
- Ambuja Cements plans ₹3,500 crore expansionThe company is also looking at expanding an existing 3.2-million-tonne clinker facility at Bhatapara, Chhattisgarh.
- Ambuja Cements to invest Rs 310 crore to expand Ropar unit in PunjabThe expansion at the Ropar plant is expected to be completed by June 2023 and after this total capacity of the cement grinding unit at Ropa...
- Hold Ambuja Cements; target Rs 225: Edelweiss Financial ServicesHold Ambuja Cements Ltd. at a price target of Rs 225.
- ACC to gain more from Holcim rejighe exercise is likely to benefit ACC more considering factors such as capacity addition plan over the next yearand cost efficient operation...
- Government allows Ambuja Cement to acquire 24% stake in holding firmThe CCEA also allowed the "subsequent reverse merger through a share swap. This would entail outflow of Rs 3,500 crore."
- Having fallen to 52-week low, Ambuja shares attractive due to Holcim’s cost cutsConsidering the cost reduction target by Holcim and the expected jump in demand due to escalating construction activities, Ambuja’s stock l...
- Expecting spur in cement demand, Holcim eyes expansion in IndiaThe building material major, which has majority stake in Ambuja Cements and ACC Ltd with a combined annual production capacity of more than...
- Holcim, Lafarge agree to create cement giantWolfgang Reitzle will be chairman of the new merged entity while Lafarge's current chief Bruno Lafont will become its chief executive, said...
- Holcim to invest $1 bn in 3 new plantsThe expansion will take India’s second largest cement company’s total cement-making capacity to 60 million tonne per annum from 50 million ...
- Cement prices likely to stabiliseThe addition of new production capacities are expected to stabilise cement prices in middle of this year, according to ACC deputy chairman ...
- 'Cement prices are below headline inflation'Holcim is jacking up cement capacities in India from where it earns nearly 17% of its global revenue.
- Credit crunch slows cement cos' expansion plansCostlier raw material and tight credit conditions have slowed down cement companies’ ambitious Rs 50,000 crore expansion plan to add 80-90 ...
- Holcim to invest Rs 10,000 cr in five years in cement sectorAiming to exploit the burgeoning infrastructure sector, Swiss cement maker Holcim will invest about Rs 10,000 crore in the next five years ...
- Guj Ambuja, ACC plan Rs 3k-cr spreadSwiss cement maker Holcim’s Indian entities Gujarat Ambuja Cements and ACC have announced major expansion plans which will see the two comp...
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