ACC (company)

ACC Limited (Formerly The Associated Cement Companies Limited) is one of the largest producers of cement in India. It's registered office is called Cement House. It is located on Maharishi Karve Road, Mumbai.[5] The stock price of company contributes in calculating BSE Sensex.

ACC Limited
Public company
Traded asBSE: 500410
NSE: ACC
IndustryCement
FoundedAugust 1, 1936 (1936-08-01)[1]
HeadquartersMumbai,[2] India
Number of locations
20
Key people
Revenue₹113.927 billion (US$1.6 billion)[4]
₹10.9576 billion (US$150 million)[4]
Total assets₹120.9359 billion (US$1.7 billion)[4]
Total equity₹78.2484 billion (US$1.1 billion)[4]
Number of employees
10,000
ParentLafargeHolcim
WebsiteOfficial Site

The management control of company was taken over by Swiss cement major Holcim in 2004. ACC operated as subsidiary of Lafarge Holcim.[6] 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.[7]

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:[8] 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.[9] 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.[7]

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. "Annual Report 2013" (PDF). ACC Limited. Retrieved 28 October 2014.
  5. "ACC Limited". ACC Limited. 1 August 1936. Archived from the original on 25 July 2010. Retrieved 12 August 2010.
  6. 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.
  7. "ACC pockets Superbrand status". The Economic Times. 4 October 2004. Retrieved 17 March 2012.
  8. Pry Paul (1940). The Bombay Investors Year Book (1940).
  9. 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.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.