ACC (company)

ACC Limited (Formerly The Associated Cement Companies Limited) is one of the largest producers of cement in India. It is a subsidiary of Lafarge Holcim.[5] On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. Acc Limited had been established in Mumbai, Maharashtra on 1 August 1936.

ACC Limited
TypePublic
BSE: 500410
NSE: ACC
IndustryBuilding materials
Founded1 August 1936 (1936-08-01)[1]
HeadquartersMumbai,[2] India
Key people
ProductsCement
Revenue ₹15,975 crore (US$2.2 billion) (2020)[4]
₹2,124 crore (US$300 million) (2020)[4]
₹1,363 crore (US$190 million) (2020)[4]
Total assets ₹17,135 crore (US$2.4 billion) (2020)[4]
Total equity ₹11,355 crore (US$1.6 billion) (2020)[4]
Number of employees
6,643 (2020)[4]
Websitewww.acclimited.com

History

In 1936, eleven cement companies belonging to Tatas, Khataus, Killick Nixon and F E Dinshaw groups merged to form a single entity, The Associated Cement Companies. Sir Nowroji B Saklatvala was the first chairman of ACC. The first board of directors had some prominent industrialists—J R D Tata, Ambalal Sarabhai, Walchand Hirachand, Dharamsey Khatau, Sir Akbar Hydari, Nawab Salar Jung Bahadur and Sir Homy Mody.

The list of companies that were merged:[6] The Indian Cement Co. Ltd., The Katni Cement and Industrial Co. Ltd., Budhi Portland Cement Ltd, The Okha Cement Co. Ltd. The Gwalior Cement Company Ltd., The Punjab Portland Cement Co. Ltd., The United Cement Co. Ltd., The Shahabad Cement Co. Ltd., The Coimbatore Cement Co. Ltd., The Dewarkhand Cement Co. Ltd., The C. P. Cement Co. Ltd.

The Gagal Cement Works of ACC Limited at Barmana, Himachal Pradesh.

The management control of company was taken over by Swiss cement major Holcim (now LafargeHolcim) in 2004. ACC operated as subsidiary of Lafarge Holcim.[7] On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. The company is only cement company to get Superbrand status in India.[8]

References
  1. "ACC Limited". ACC Limited. Archived from the original on 25 July 2010. Retrieved 12 August 2010.
  2. "ACC Limited (Mumbai, India)".
  3. "Neeraj Akhoury assumes charge as ACC's MD & CEO". Forbes India. Retrieved 7 September 2018.
  4. "ACC Ltd. Financial Statements". moneycontrol.com.
  5. Naidu, Rajesh; Vyas, Jwalit (10 May 2017). "LafargeHolcim lays ground for merger of ACC and Ambuja, gets closer to rival UltraTech". The Economic Times. Retrieved 7 September 2018.
  6. Pry Paul (1940). The Bombay Investors Year Book (1940).
  7. Naidu, Rajesh; Vyas, Jwalit (10 May 2017). "LafargeHolcim lays ground for merger of ACC and Ambuja, gets closer to rival UltraTech". The Economic Times. Retrieved 7 September 2018.
  8. "ACC pockets Superbrand status". The Economic Times. 4 October 2004. Retrieved 17 March 2012.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.