RECENT NEWS
New York Times  Apr 24  Comment 
Eric Olsen, the cement maker’s chief executive, is stepping down after an internal inquiry found staff members paid off armed groups in Syria to allow safe passage for employees.
The Hindu Business Line  Apr 24  Comment 
Karvy StockACC (Sell)CMP: ₹1,606.95Target: ₹1,552ACC Ltd is India’s foremost manufacturer of cement and ready mixed concrete with 17 modern cement factories, more than 50 ready mixed concrete plants, ...
The Hindu Business Line  Apr 24  Comment 
ACC’s cement volumes were up 4 per cent in the March quarter after 9-10 per cent fall in volumes in the previous two quarters. ACC’s March quarter results beat market estimates – by showing decent...
Equitymaster  Apr 24  Comment 
Posted by Equitymaster        Share markets in India finished on a strong footing tracking positive trend in global markets after the market's favored candidate, Emmanuel Macron, won the first round of the French presidential election....
Equitymaster  Apr 24  Comment 
Posted by Equitymaster        After opening the day on a positive note, share markets in India have continued the momentum and are trading comfortably above the dotted line. All sectoral indices are trading on a positive note. Stocks...
Yahoo  Apr 24  Comment 
LafargeHolcim (LHN.S) Chief Executive Eric Olsen will leave the company in July after the world's largest cement maker admitted on Monday it had paid armed groups to keep a factory operating in war-ravaged Syria. An independent internal inquiry...
The Hindu Business Line  Apr 24  Comment 
Shares of cement maker ACC Ltd gained as much as 4 per cent to their highest since October 25, 2016. At about 10.05 am, the stock was up 3.92 per cent or Rs 58.65 at Rs 1,555.40 on the BSE. Th...
Yahoo  Apr 23  Comment 
LafargeHolcim (LHN.S) is close to announcing that its chief executive Eric Olsen is to step down following an internal investigation into activities at a former Lafarge cement plant in Syria, a source familiar with the matter said on Sunday....
Reuters  Apr 21  Comment 
India's ACC Ltd, a unit of the world's largest cement maker, Lafargeholcim Ltd, reported a 9 percent fall in its first-quarter net profit, but beat analysts' expectations, helped by stronger cement sales volume.
The Economic Times  Apr 20  Comment 
The union has also filed a PIL in the Bombay High Court on March 21 against the top L&T management, including Naik who is retiring in September.




 

Besides producing cement, many of these companies produce ready-mix concrete, asphalt, aggregates, and concrete structures. Cement industry is local in nature, because the weight to value ratio of cement and other building materials is relatively low.

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