ACC Cement Net Profit Drops 45%

ACC Cement Profit Dips

ACC Cement in its quarterly report reveals a downward movement in its net profit of Rs.133.5 crores, 45% over the corresponding period  last year. Last years figures stood at a healthy Rs.243.2 crores.

ACC Cement in its statement attributed subdued cement demand and challenging cement market conditions for its poor showing.

The report goes on further to state that higher competition in the cement markets due to surplus cement production capacities lead to cement prices being volatile.

Poor investment in infrastructure and housing lead to weak demand for cement, while overall construction activities remained dull and lacklustre.

ACC Cement

ACC Cement Sales

ACC Cement Sales Performance

ACC Cement Markets 

Holcim CEO Steps Down

Bernard Terver as Head of India for LafargeHolcim

With the sucessful completion of the Holcim-Lafarge merger, Bernard Fontana will step down as CEO of Holcim Ltd.

Closer home, Bernard Terver currently serving as Head for Africa-Middle and South Asia will assume charge as Head of India for LafargeHolcim. In this capacity he is also to continue to serve on the boards of ACC Cement and Ambuja Cements.

More on this topic in detail here... LafargeHolcim India