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What is the full form of ACC

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ACC: Associated Cement Companies

ACC stands for Associated Cement Companies. ACC limited formerly known as the Associated Cement Companies (ACC). It is the foremost manufacturer of cement and ready-mixed concrete in India. Its headquarters is located on the 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 October 2017, Mr Neeraj Akhoury 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

Key Products

• Portland cement
• Premium cements
• 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 Hodings 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.

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 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 turnaround time of trucks.
• 2013: ACC won CII-ITC Sustainability Prize and ranked as 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 towards 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.