Holcim-Lafarge merger will not affect ACCs brand identity
Holcim has significant stakes in Ambuja Cements and 50 per cent stake in ACC. While speaking with shareholders at Ambuja Cements´ 78th annual general meeting, NS Sekhsaria, Co-Founder and Chairman, clarified that the brand ACC will remain intact and there is no question of ACC brand name changing to Lafarge. ´It-´s a merger of equals and the process will take about 16-18 months to complete,´ he added.
Speaking about the company´s performance, Sekhsaria said that bottomline was affected by sluggish economic environment last year. However, he expects the worse is now behind and the company will be back on growth path this year.