ACC (company)

ACC Limited (formerly The Associated Cement Companies Limited) is an Indian cement producer, headquartered in Mumbai. It is a subsidiary of Ambuja Cements and a part of the Adani Group. On 1 September 2006, its name was changed to ACC Limited. The company was established in Mumbai, Maharashtra on 1 August 1936.[4]

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, Walchand Hirachand, Dharamsey Khatau, Sir Akbar Hydari, Nawab Salar Jung Bahadur and Sir Homy Mody.[5]

The companies that were merged were:[6]

The management control of the company was taken over by Swiss cement manufacturer Holcim Group in 2004. ACC operated as a subsidiary of Lafarge Holcim.[7] On 1 September 2006, the name of the Associated Cement Companies Limited was changed to ACC Limited.[8]

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 Ambuja Cements for sale.[9]

On 15 May 2022, Adani Group acquired Holcim's stake in ACC and Ambuja Cements for US$10.5 billion.[10]

• 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.

See also

• Associated Cement Company cricket team

External links