ACC Limited (Formerly The Associated Cement Companies Limited) an Indian cement producer, headquartered in

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the secon ...

. It is a subsidiary of

Ambuja Cements Ambuja Cements Limited, formerly known as Gujarat Ambuja Cement Limited, is a major Indian cement producing company. The Group markets cement and clinker for both domestic and export markets. Partnership The company had entered into a strategi ...

and a part of the

Adani Group Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. It was founded by Gautam Adani in 1988 as a commodity trading business, with the flagship company Adani Enterprises. The Group's diverse businesses include po ...

. On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. The company was established in Mumbai, Maharashtra on 1 August 1936.

History

In 1936, eleven cement companies belonging to Tata, Khatau, Killick Nixon and FE 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 Ambalal Sarabhai (23 February 1890 – 13 July 1967) was an Indian industrialist, philanthropist, institution builder, and supporter of Mahatma Gandhi. He was the chairman and promoter of Calico Mills and the founder of The Sarabhai Group of Com ...

Walchand Hirachand Walchand Hirachand Doshi (23 November 1882 – 8 April 1953) was an Indian industrialist and the founder of the Walchand group. He established India's first modern shipyard, first aircraft factory and first car factory; he also established co ...

, Dharamsey Khatau, Sir Akbar Hydari, Nawab Salar Jung Bahadur and Sir Homy Mody. The list of companies that were merged: * 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 * The United Cement Co. Ltd. * The Shahabad Cement Co. Ltd. * The Coimbatore Cement * The Dewarkhand Cement Co. Ltd. * The C. P. Cement Co. Ltd. Gagal Cement Works - ACC Limited - Barmana - Bilaspur 2014-05-09 2137

Gagal Cement Works - ACC Limited - Barmana - Bilaspur 2014-05-09 2137

The management control of company was taken over by Swiss cement manufacturer Holcim Group in 2004. ACC operated as subsidiary of Lafarge Holcim. On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. The company is the only cement company to get Superbrand status in India. On 14 April 2022, Holcim announced that it would exit from the Indian market after 17 years of operations as part of a strategy to focus on core markets, and listed its stakes in ACC and

for sale. On 15 May 2022,

acquired Holcim's stake in ACC and Ambuja Cements for US$10.5 billion.

References

External links

ACC
{{Authority control Cement companies of India Manufacturing companies based in Mumbai Manufacturing companies established in 1936 Indian companies established in 1936 Holcim Group Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange