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Tag: value

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Vietnam’s Exclusive Coconut Brand Achieves “Vietnam Value” Award for the Fourth Year in a Row

Nov 4, 2024 by Sujata 0 Comments #value, #Vietnam

HO CHI MINH CITY, Vietnam, Nov. 4, 2024 – Vietcoco – a Vietnamese coconut brand has proudly been honored “Vietnam Value” for 4 consecutive times. This achievement underscores the brand’s unwavering commitment to producing high-quality coconut products that meet the stringent standards set by the Ministry of Industry and Trade under the Vietnam Value Program 2024.

Vietnam Value program is a long-term, specialized trade promotion initiative undertaken by the Vietnamese government to enhance the country’s image and brand reputation through products and services associated with the core values “Quality – Innovation – Pioneering Capacity”.

To be recognized among the top 190 businesses nationwide this year, Vietcoco has consistently strived for innovation and growth, offering a diverse range of products including coconut-based food, beverages, and cosmetics. This year marks a significant milestone for Vietcoco as its Coconut-based Cosmetics have been honored with the prestigious Vietnam Value recognition, joining its existing food and beverage products.

This achievement is a testament to Vietcoco’s relentless efforts in diversifying its product range, providing consumers with a wide array of high-quality options. It also reaffirms the company’s unwavering commitment to its mission of “Pioneering for Community Health”.

Vietcoco has maintained a steady growth rate in recent years, characterized by a consistent increase in revenue and a robust return on equity. The company’s innovative product range, exceeding 100,000 tons, has successfully penetrated over 65 international markets. As a result of its rapid expansion and enhanced brand recognition, Vietcoco has solidified its position as the undisputed leader in Vietnam’s coconut industry. Notably, Vietcoco is the only Vietnamese coconut brand to be featured in this prestigious event.

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Adani Secures Orient Cement in a Major Deal Worth INR 8,100 Crore

Oct 22, 2024 by Sujata 0 Comments #Equity, #value

Ahmedabad, 22 October 2024: Ambuja Cements, the cement and building material company of Adani Cement and part of the diversified Adani Group, today announced the signing of a binding agreement for the acquisition of Orient Cement Ltd (OCL) at an equity value . Ambuja will acquire 46.8% shares of OCL from its current promoters and certain public shareholders. The acquisition will be fully funded through internal accruals.

“This timed acquisition marks another significant step forward in Ambuja Cements’ accelerated growth journey, increasing cement capacity by ~30 MTPA within two years of Ambuja’s acquisition,” said Mr Karan Adani, Director of Ambuja Cements. “By acquiring OCL, Ambuja is poised to reach 100 MTPA cement capacity in FY 25. The acquisition will help to expand Adani Cement’s presence in core markets and improve its pan-India market share by 2%. OCL’s assets are highly efficient, equipped with railway sidings and well supported by captive power plants, renewable energy, WHRS and AFR facilities. OCL’s strategic locations, high-quality limestone reserves and requisite statutory approvals present an opportunity to increase cement capacity in the near term to 16.6 MTPA.”

Mr CK Birla, Chairman of Orient Cement and the CK Birla Group, said, “The CK Birla Group is continuously reallocating capital to sharpen its focus on consumer centric, technology driven and service-based businesses. I take pride in Orient Cement’s impressive track record of building premium brands and maintaining a leading market share in the geographies it operates in. We are confident that the Adani Group, with its strong focus on cement and infrastructure, is the ideal new owner to drive continued growth at Orient Cement for our people and stakeholders”.

Ms Amita Birla, Co-Chairman, CK Birla Group, added, “Orient Cement has a strong market presence, with sustainability initiatives, particularly in renewable energy, being a significant part of its DNA. I am convinced that Ambuja Cements is the right home for all our colleagues at Orient Cement, as well as our customers.”

OCL has 5.6 MTPA clinker capacity and 8.5 MTPA cement capacity along with statutory clearance to increase the clinker capacity by another 6.0 MTPA and cement capacity by another 8.1 MTPA. In addition, OCL also has a limestone mining lease in Chittorgarh for setting up an Integrated Unit (IU) with clinker of 4 MTPA and a split Grinding Unit (GU) of 6 MTPA in North India. OCL has also secured a concession from MPPGCL, Madhya Pradesh for setting up a Grinding Unit within the premises of Satpura Thermal Power Plant. Both these complement the Adani Group’s existing cement footprint. (Refer Annexure – 1 for OCL’s location wise cement capacity and other assets and Annexure – 2 for Adani Cement’s footprint post-acquisition of OCL.)

OCL has recently commissioned a WHRS in Chittapur IU and is in the final stage of commissioning 16 MW solar in Chittapur and 3.7 MW solar in Jalgaon. OCL’s efficient plants, highly motivated teams, strong balance sheet and well-distributed dealer network will be excellent additions to the Adani Group’s existing cement business. OCL’s existing dealers will move to Adani Cement’s market network, creating formidable synergies.

Ambuja plans to optimize OCL’s overall capacity utilization to enhance its cost and competitiveness and improve its operating performance while leveraging the synergies inherent in the existing cement business.