ACC announces increase in sales in 2Q17
Published by Jonathan Rowland,
Indian cement company, ACC, part of LafargeHolcim, has announced an increase in cement sales in 2Q17 to 6.74 million t, a 10.1% increase on the 6.12 million t sold in 1Q16. Earnings were up 38% to INR6.37 billion (US$99.01 million).
The strong growth in cement sales comes on the back of the ramp-up of production at the new Jamul integrated project, which “enabled the company to reap benefits and strengthen its market presence in the eastern region,” the company said in a statement.
ACC also launched two new premium brands – ACC Suraksha and ACC High Performance Cement (HPC) – in the second quarter, “enriching the company’s product portfolio and increasing margins.”
ACC Suraksha produces a high-strength concrete, but reduces the water requirement during concrete production. ACC HPC is an engineered slag cement with increased permeability, resistance to sulfate and chlorides, and protection against corrosion, and reduced heat of hydration.
“The direction for both cement and ready-mixed businesses has been to harness current strengths and develop new competencies, which resulted in the launch of new brands and sharpened the plant performances,” said Neeraj Akhoury, Managing Director and CEO of ACC.
Read the article online at: https://www.worldcement.com/indian-subcontinent/19072017/acc-announces-increase-in-sales-in-2q17/
You might also like
Heidelberg Materials to celebrate the opening of its $600 million new plant in Mitchell, Indiana
The opening of the new cement plant will take place on Tuesday, June 13 from 10:00-11:00 a.m. at the ribbon-cutting ceremony in Mitchell, Indiana.