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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, the name of The Associated Cement Companies Limited was changed to ACC Limited.
Table 4 - Hydraulic Cement – production – Europe and Central Eurasia (thousand metric tons) [4] Country: 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 Albania 2,000 1,800 1,300 1,110 918 889 600 575 530 578 348 — 180 106 84 200 200 Armenia 438 422 488 467 770 722 625 605 501 384 355 275 219 287 314 ...
The FCCL Board of Directors gave their approval for the integration of Askari Cement Ltd. into its operations through a scheme of arrangement. The consolidation occurred based on a share swap ratio of 5:1, implying that for every 1 share held in Askari Cement Limited, 5 shares of Fauji Cement Company Limited were issued. [10] [11] [12]
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The company had entered into a strategic partnership with Holcim, the second-largest cement manufacturer in the world from 2006. Holcim had, in January, bought a 14.8 percent promoters' stake in the GACL for ₹2,140 crore. [5] From 2010 to 2022, Holcim held a 61.62% controlling stake in Ambuja Cements. [6]
It has seven integrated cement plants in Tamil Nadu, Telangana and Andhra Pradesh, one in Rajasthan (through its subsidiary, Trinetra Cement Ltd) and two grinding units, one each in Tamil Nadu and Maharashtra with a capacity of 15.6 million tonnes per annum. Sankar Cement, Coramandel Cement and Raasi Gold are the brands owned by India Cements.
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In October 2009, a cement and concrete price fixing class action lawsuit was filed in Florida against Oldcastle Materials and others. The claim alleged that the defendants eliminated competition in the market for cement and concrete by charging artificially high prices from at least the period 2000 to 2009.