Action Construction Equipment

Action Construction Equipment Ltd. is an Indian material handling and construction equipment manufacturing company, incorporated in 1995.[3][4][5][6]

The company has eight manufacturing sites in Faridabad, Haryana,[7] with a research and development in Faridabad district,[7] and has a manufacturing capacity of 12000 construction equipment and 9000 tractors annually.[8] Their product portfolio is divided into four main categories: agricultural equipment, construction equipment, road construction equipment, and earth-moving machinery,[9] mainly catering to Asia-Pacific, Africa and Latin America regions.[10][11]

In 2019, the company was ranked at #223 in Fortune magazine's "Next 500" list of midsized Indian companies.[12]

Timeline

• 1995 – company incorporated, rolled out its first hydraulic mobile crane[13]
• 1997 – received ISO 9001:2008 certification; established regional office in Mumbai
• 1998 – rolled out first mobile tower crane
• 1999 – rolled out its first small Loader; exported its first machine
• 2001 – partnership with Autogru PM, Italy for distribution of their products.[14]
• 2004 – sold first tower crane and began developing fixed tower cranes
• 2005 – The company becomes public limited company and name was change Action Construction Equipments Private Limited to Action Construction Equipments Ltd. on October 4, 2005.[15]
• 2006 – formed joint venture with Italian firm Tigieffe;[16] listing on Stock Exchange – BSE and NSE; CNBC TV 18 emerging company award[17]
• 2007 – launched forklift truck; became first Indian construction equipment manufacturer to be accorded CE marking; approved acquisition of a Romanian company by its Cyprus-based subsidiary, Frested Ltd.[18]
• 2007/2008-purchased 89.5% of Forma S.A. in Romania, also a tractor and equipment manufacturer. Some ACE models have been sold as ACE-Forma[19]
• 2008 – partnered with Chinese manufacturer Zoomlion;[20] launched crawler cranes;[21] rolled out the tractor range
• 2009 – designed, developed and launched road making equipment
• 2010 – Indigenous production of big Tower Cranes.
• 2011 – launch of in-house R&D center; in-house manufacturing of crawler cranes
• 2012 – launched new generation pick and carry cranes, lorry loaders, and higher-capacity tower cranes[22]
• 2013 – started in-house engine plant; launched Free of Cost 24 x 7 ambulance service for the areas of Palwal and Faridabad Districts.
• 2014 – launched wheel harvester
• 2015 – launched rotavator and other agricultural implements
• 2016 – launched skid-steer loader and partnered with Turkish company Boom Makina[23]
• 2017 – launched tractor range of up to 90 HP
• 2018 – launched AX124 backhoe loader for export market;[24][25] ACE entered into MoU with Ursus SA for localization new range of tractors.;[26] partnered with Punjab National Bank for farm machinery financing.[27]
• 2019 – launched NX-series Multi Activity Crane at Bauma Conexpo, India[28][29][30] Launched NX360° slew-cum-pick and carry crane from Tara Chand Logistics, Mumbai[31]F150EV Electric Crane.png

Awards and recognition

• ICICI, CNBC-TV18 Emerging India Awards 2005-2006[17]
• India's Best Company of the Year Award 2018 by Berkshire Media Pvt. Ltd. (A Division of Berkshire Media LLC, USA)[32]
• Dream Companies to Work for - Construction Sector, 16 February 2019[33]
• Award for Brand Excellence- Construction Equipment Industry ACE-  National Brand Leadership Congress & Awards 2019[34]
• Best Training Initiative Award (Infrastructure Sector) in National Award For Excellence in Training & Development 2019[35]
• North India Best Employer Brand Award - 13th Employer Branding Awards 2018[36]
• India's Top Challengers Award - 16th Construction World Global Awards-2018[37]
• Best Seller in Mobile Cranes Category Award - 6th Equipment India-2018[38]
• Best Seller in Mobile Cranes Category Award-5th Equipment India-2018[39][40]
• Associate Partner in India's Top Challengers Award-Construction World-2017[41]
• India's Most Trusted Company Award-IBC, USA-2017[42]
• "70 Most Trusted Power Brands of India" Award-2017[43]
• Economic Times "Infra Focus" Award-2017.
• Best Seller in Mobile Cranes Category Award-4th Equipment India-2017[44]
• Construction World-2006, 2007, 2008, 2011, and 2012[45]