Associated Cement Companies (ACC) is India`s foremost manufacturer of cement and ready mix concrete. It was set up in 1936 when 10 cement companies belonging to Tata, Khatau, Dinshaw and Killick Nixon were amalgamated to form a single entity. N.S. Sekhsaria is the chairman and Sumit Banerjee, the managing director of the company. ACC manufactures various kinds of portland cement for general construction and special applications. It also offers two value-added products, namely bulk cement and ready mix concrete. ACC`s operations are spread throughout the country with 14 modern cement factories, 19 ready mix concrete plants, 19 sales units, 54 area offices, and 194 warehouses. This is backed by a countrywide network of over 9,000 dealers. ACC is planning exclusive retail outlets in all major towns of Andhra Pradesh. These exclusive retail outlets will provide information on best construction practices, professionals and building material suppliers.
The company has a 19.91 MTPA cement capacity. It will invest Rs 14.87 billion to increase the clinkering capacity at the new Wadi plant, additional grinding facility, and a captive power plant of 50 MW in Karnataka. The company has two subsidiaries; Bulk Cement Corporation India caters to bulk cement requirements and ACC Machinery Company manufactures machinery and equipment for use in chemicals and cement industries. It has associations with Yanbu Cement Company, Saudi Arabia for operating and managing their cement plant and Dangote Industries for engineering consultancy for setting up new cement plants for them. ACC has won several prizes and accolades for environment friendly measures taken at its plants and mines.
The corporate and registered offices are at Cement House, 121, Maharishi Karve Road, Mumbai-400020. Financials The company announced fall of 11.35% in consolidated net profit on y-o-y basis to Rs 3.48 billion, while total income rose 14.04% y-o-y basis to Rs 26.26 billion for the quarter ended March 2011.
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