Monday, December 29, 2008

ACC may shut more plants if demand fails to pick up

ACC, the country’s largest cement maker that had temporarily idled a plant in Himachal Pradesh this month, said it has kept all options open on similar shutdowns at its other locations in case there is no satisfactory demand for its products. The company, with a capacity to make 23 million tonnes of cement annually, has 15 plants across the country.

On December 16, ACC shut its 2.4-million tonne Gagal-II plant in Himachal Pradesh for a fortnight due to inventory pile-up at the unit. Last month, the company had laid off 25 per cent of employees at its wholly-owned subsidiary ACC Concrete.

Sumit Banerjee, managing director, ACC, told Business Standard, “The decision to shut our Himachal unit was the right one. If required, we will take such decision in our other plants also in the future if the demand is not satisfactory and our stocks pile up.”
To read more, please, visit - Business-Standard

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