May 16 2017 | India Opportunities
LafargeHolcim exploring merger of ACC and Ambuja
LafargeHolcim, the parent of ACC and Ambuja Cements is exploring the possibility of merging both the entities. A committee is formed to take this forward. The consolidation is likely to beat growing competition amidst slack demand and rising costs. ACC has an installed capacity of 33.41 mt against 29.65 mt of Ambuja Cement capacity. has production capacity of 29.65 mt while ACC has an installed capacity of 33.41 mt, leading to a combined capacity of 63.06 mt. Shree Cement has a production capacity of 27.2 million tonne.