The Holcim group — the world’s top cement maker outside China — continues to lose market share to its rivals in the Indian cement market.
The combined revenue market shares of ACC and Ambuja Cements — the two Holcim group companies in India — declined to a low of 17.1 cent in FY21. This is down from 18.8 per cent a year ago and a high of nearly 25 per cent in FY08.
As a result, the Holcim group is now a distant second in the domestic cement market in terms of revenues, behind Aditya Birla’s Ultratech Cement.
ACC and