Construction Industry News
As tensions mount and speculation builds, the Indian cement industry has been closely monitoring the progress of the Holcim Group's exit from the country. The Swiss giant caused a whirlwind by launching its two publicly traded cement arms - ACC and Ambuja - to evaluate options for selling their shares.
Holcim has a 63.19 percent stake in Ambuja and 4.48 percent in ACC, a subsidiary of Ambuja. Ambuja also owns a 50.05 percent stake in ACC. Holcim Group's global cement capacity as of the current fiscal year is 293 million metric tons per year, with approximately 24 percent of its total capacity housed in India.
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