LafargeHolcim initiates merger of Ambuja, ACC

Combined capacity will increase to 63 mtpa

After nearly 12 years of Swiss cement giant Holcim’s entry into India with the acquisition of India’s two largest cement firms — ACC and Ambuja Cements — the parent has set the ball rolling for a possible merger of the two.

Both ACC and Ambuja had their board meetings on Friday, and they concluded with a decision to initiate the process for exploring the possibility of a merger.

Both companies have constituted a special committee of directors, with a majority of them being independent directors, to consider the matter.

Ambuja Cements, in a statement, said: “The board of directors of