ACC’s cement sales volumes remained stable in 2013, as sluggish economic conditions hampered demand. Around 23.93 million t was sold in 2013 compared to 24.11 million t in 2012.
Sales turnover declined slightly, falling from Rs.11130.56 crore to Rs.10908.41 crore. Operating EBITDA was also down y/y, dropping from Rs.2196.64 crore to Rs.1629.97 crore.
However, the cement producer’s ongoing programme to improve customer value and manage costs by enhancing manufacturing, sales, logistics and procurement processes helped to mitigate lower sales volumes and inflationary pressures.
Completed and ongoing projects
The company has completed commissioning of its first waste heat recovery boiler plant. The system has an output of around 7 MW and is located at the Gagal cement plant in Himachal Pradesh.
The Jamul project in Chattisgarh is on track and is now at the halfway point. It is due to be completed in mid-2015. Work at the company’s Sindri site in Jharkhand also began this year and is on schedule.
Board of Directors
Mr S. M. Palia will retire from ACC’s Board of Directors on completion of his term following 12 years with the company. Mr Paul Hugentobler, Deputy Chairman and a member of the Board of Directors, has also announced his retirement after eight years with Holcim and ACC. Mr Vijay Kumar Sharma, Managing Director of the Life Insurance Corporation of India, has been appointed as an independent Director.
Adapted from press release by Louise Fordham
Read the article online at: https://www.worldcement.com/asia-pacific-rim/11022014/acc_2013_results_722/