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Full Form of ACC, Companies (ACC)

The full form of ACC is “Associated Cement Companies”. ACC is one of India's largest cement companies, with plants and factories located throughout the country.
authorImageGirijesh Singh7 Oct, 2023
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Full Form of ACC

What is ACC?

ACC stands for “Associated Cement Companies”. ACC is one of the leading manufacturers of ready-mix concrete and cement in India. The company has an extensive network of over 50000 distributors operating across the country. Its subsidiaries include Concrete Ltd Bulk Cement Corporation, Encore Cements & Additives Pvt. Ltd and Lucky Minmat National Limestone Co Ltd. It is India's only cement company to achieve super brand status. The Tata Group of Companies owns and operates ACC, one of India's oldest and largest cement companies. These companies belonged to Tata, Khataus, Killick Nixon, and F.E. Dinshaw conglomerates. Dinshaw's efforts led to the establishment and eventual historic merger of two cement companies. Shri Nowroji B Saklatvalaand was the first chairman of ACC.

History of ACC

ACC was set up in 1936 by a group of prominent Indian industrialists, including Walchand Hirachand, J.R.D. Tata and K.K. Birla. ACC was one of the first Indian companies to adopt modern cement manufacturing methods and technologies, which contributed significantly to the growth of the Indian cement industry. ACC is now one of India's largest and best-known cement companies, with a nationwide network of plants and factories.
  • In August 1936, ACC Ltd. was founded by the merger of ten existing cement companies.
  • It established India's first entirely indigenous cement plant in Chaibasa, Bihar, in 1944.
  • It established a bulk cement depot in Okhla, New Delhi, in 1956.
  • It established Thane Central Research Station in 1965.
  • It purchased the Cement Marketing Company of India in 1973.
  • For the first time in India, it introduced Precalcination technology in 1978.
  • It opened its first 1 MTPA plant in Wadi, Karnataka, in 1982. In the same year, it formed a joint venture with the Government of India. It also forms the Bulk Cement Corporation of India.
  • The TATA family took part with the company until 1999. In 1999, it sold 7.2% of its ACC stake to Ambuja Cement Holdings Ltd and the remaining stake to Gujarat Ambuja Cements Ltd.
  • IDCOL Cement Ltd became a subsidiary of the company in 2003.
  • The Super brands Council of India named it a Consumer Super brand in 2004.
  • Damodhar Cement & Slag Ltd, Bargarh Cement Ltd, and Tarmac (India) Ltd merged with the company in 2006, and the company was renamed ACC Ltd on September 1, 2006.

Associated Cement Companies' Goals

The primary objective of Associated Cement Companies (ACC) is to manufacture and supply high-quality cement. Moreover, they also provide building materials to the construction industry in India and beyond. ACC strives to be a leading and innovative cement company. It is a provider of high-quality products and services that meet the needs of its customers. ACC focuses on the following key areas to achieve this: Innovation: ACC strives to be at the forefront of cement industry innovation, constantly seeking innovative methods and technologies to enhance its products and processes. Quality: ACC prioritizes quality and strives to provide the highest-quality cement products to its clients. Sustainability Commitment: ACC is also committed to sustainability and strives to reduce its environmental impact through energy-efficient technologies and sustainable manufacturing practices. Customer fulfillment: ACC strives to provide excellent customer service and to meet its customers' needs and expectations. Profitability: ACC intends to run its business profitably and generate returns for its shareholders.

Characteristics of Associated Cement Companies

Associated Cement Companies (ACC) has the following key characteristics:
  • Wide range of products: ACC produces a wide range of cement and building materials, including ordinary Portland cement, Portland slag cement and also Portland pozzolanic cement, ready-mix concrete and aggregates.
  • Extensive distribution network: To deliver its products to customers, ACC has an extensive supply chain that includes various factories and plants across India, as well as a fleet of trucks and other transport vehicles.
  • Strong focus on quality:  ACC strongly emphasizes quality and strives to provide the highest-quality cement products to its customers.
  • Sustainability Commitment: ACC is committed to sustainability and strives to reduce its environmental impact through energy-efficient technologies and sustainable manufacturing practices.
  • Innovative approach: ACC is at the forefront of cement industry innovation, constantly seeking new technologies and techniques to improve its products and processes.
  • Strong brand: ACC is a well-known and respected brand in the Indian cement industry for its high-quality products and excellent customer service.

Associated Cement Companies' Achievements

Here are a couple of examples: Firstly, It was one of the first Indian companies to use modern cement-making methodologies and technologies, which helped to propel the Indian cement industry forward. ACC is one of India's largest cement companies, with plants and factories located throughout the country. Its products and services have received numerous awards and recognitions. It includes the National Energy Conservation Award, the India Energy Conservation Award, and the National Award for Excellence in Water Management. It is also committed to sustainability and has taken several measures to reduce its environmental impact. For example by using energy-efficient technologies and sustainable manufacturing processes. ACC is also committed to corporate social responsibility and participates in various initiatives that benefit the communities in which it operates. Such as community development projects and environmental protection efforts. [wp-faq-schema title=" Full Form of ACC FAQs" accordion=1]

Is ACC a multinational corporation?

ACC Limited, Group Company Of Cement Major Swiss Mnc Holcim.

Is Adani interested in ACC cement?

The Adani Group completed the $6.4 billion purchase of Ambuja Cements and its subsidiary ACC Ltd from Switzerland's Holcim Group on Friday. Also, Adani is now the second biggest cement player in the Indian market, trailing only Aditya Birla Group's UltraTech Cement.

Is ACC a good place to work?

According to Glassdoor reviews, 84% of ACC employees would recommend working there to a friend. Likewise, ACC has also been rated 4.0 out of 5 by employees for Work-Life Balance, 4.1 for Culture and Values, and 3.6 for Career Opportunities.

How many people work at ACC?

Moreover, ACC had 3748 full-time employees as of April 2021, with 850 being PSA members.

Is it a good time to buy ACC stock?

MoneyWorks4Me's price trend analysis shows that the price of ACC Ltd. Further, will increase slightly in the short term, i.e., semi-strong.
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