Beyond those cement walls

IIPM BEST MBA INSTITUTE

...lies Switzerland-based Holcim, France-based Lafarge, Heidelberg of Germany & not to forget, our very own Indian AV Birla group! And none ready to give any quarter

With a compounded annual growth rate that is sprinting at 8% for the last one decade, it is not tough to fathom the fact that the Indian cement sector has beaten the growth of China & the global industry average, which stands at a meager 3.5%. The concrete presence of the cement sector can be attributed to the optimistic outlook in the housing sector supported by the government’s drive for developing infrastructure. And if this was not enough, the last few years have witnessed global cement players, such as Lafarge, Holcim and Heidelberg, making their foray into the Indian markets.

With expeditious expansions on one hand, M&As, which began during the 1990s with Gujarat Ambuja Cement Ltd (GACL) taking over DLF Cement and Modi Cement, have only increased with every passing year. Holcim entered the country in 2006 by acquiring a 14.8% stake in GACL and a splendid 34% stake in ACC to become the numero uno with respect to capacity beating the AV Birla Group. Jayesh Doshi, VP-Treasury, GACL, puts forward the point, “In 1995, the top five cement players controlled about 26% of the market share, while smaller companies held the remaining 74%. The top five cement players currently have about 55% of the market share.”

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)