What is the full form of ACC

ACC: Associated Cement Companies

ACC stands for Associated Cement Companies. ACC Limited was formerly known as the Associated Cement Company (ACC). It is the foremost manufacturer of cement and ready-mixed concrete in India. Its headquarters is located on Maharishi Karve Road, Mumbai which is also known as Cement House.

It has 17 state-of-the-art cement factories, around 60 ready-mixed concrete plants, and a vast distribution network and sales offices across the country. Since its inception, it has been a trendsetter and renowned benchmark in cement and concrete technology. As of August 2022, Mr Sridhar Balakrishnan is the MD & CEO of ACC limited.

Vision: To be one of the reputed companies in India recognized for challenging conventions and delivering on our promises

Purpose: To be a driving force in creating a confident future for our people, our customers, our shareholders and our nation.

Key Products

• Portland cement
• Premium cement
• Bulk cement
• Ready Mixed Concrete
• Ready Mixed Concrete Value Added Products

Brief History

• ACC Ltd was incepted as The Associated Cement Companies Ltd in August 1936 by the merger of ten existing cement companies.
• In 1944, it established India's first entirely indigenous cement plant at Chaibasa in Bihar.
• In 1956, it set up a bulk cement depot at Okhla in New Delhi.
• In 1965, it established Central Research Station at Thane.
• In 1973, it acquired the Cement Marketing Company of India.
• In 1978, it introduced precalcinator technology for the first time in India.
• In 1982, it commissioned its first 1 MPTA plant at Wadi in Karnataka. In the same year, it established Bulk Cement Corporation of India through a joint venture with Govt. of India.
• The house of TATA was associated with the company till 1999. It sold its 7.2% stake in the ACC to Ambuja Cement Holdings Ltd in 1999 and the remaining stake to Gujarat Ambuja Cements Ltd.
• In 2003, IDCOL Cement Ltd became a subsidiary of the company which was renamed Bargarh Cement Ltd in 2004.
• In 2004, it was recognized as Consumer Superbrand by the Superbrands Council of India.
• In 2006, Damodhar Cement & Slag Ltd, Bargarh Cement Ltd and Tarmac (India) Ltd merged with the company and Associated Cement Companies Ltd was renamed ACC Ltd with effect from September 1, 2006.
• In 2008, its concrete business was hived off to a new subsidiary called ACC Concrete Ltd.
• On July 7, 2008, it established ACC Cement Technology Institute at Jamul.
• In September 2009, it installed a coal washery in Jamul.
• In 2010, it commissioned the 2.5 MW wind mill project in Maharashtra.
• In 2011, it received the ISO 9001-2008 certification from Det Norske Veritas (DNV) AS Certification Services.
• As part of a strategy to concentrate on core markets, Holcim announced on April 14, 2022, that it will leave the Indian market after 17 years of business and listed its holdings in ACC and Ambuja Cements for sale.
• Adani Group paid US$10.5 billion on May 15, 2022, to acquire Holcim's ownership of ACC and Ambuja Cements.

Milestones

• 2010: It entered its platinum jubilee year and became the first company in the cement industry to achieve this status. In this year, it also received the FICCI Award for 2009-10.
• 2011: It installed the world's largest kiln at ACC Cement Plant in Karnataka with a capacity of 12,500 tonnes per day.
• 2012: ACC introduced M-100 grade concrete for the construction of high-intensity towers. It also became the first cement company in India to introduce the use of Radio Frequency Identification Device (RFID) and GPS to improve the turnaround time of trucks.
• 2013: ACC won CII-ITC Sustainability Prize and was ranked as the Most Admired Company of India in the cement sector by Fortune India and Hay Group India.
• 2014: It launched Waste Heat Recovery System (WHRS) at Gagal, an important step toward energy conservation.
• 2015: It established two waste pre-processing plants at Wadi and Kymore to improve the usage of industrial waste.
• 2016: ACC received the Silver Award for Excellence in Financial Reporting for its Annual Report 2014 from the ICAI.
• 2017: ACC won the "Silver Award" for excellence in Financial Reporting for its Annual Report 2015 from the ICAI.

Company's Network

With 17 contemporary cement factories, 90 ready-mixed concrete facilities, a broad distribution network of over 10,000 channel partners, and a national distribution of sales offices, ACC Limited (ACC) is one of the top companies in the Indian building materials industry. With its headquarters in Mumbai, ACC's operations, which include cement mills, ready-mix concrete facilities, regional offices, sales units, and area offices, cover the entire nation.