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Wednesday, October 18, 2006

...Or be ACC! India’s largest!

ACC was an upshot of the coming together of ten cement companies under one parasol way back in 1936, at a time when terms like mergers and acquisitions didn’t even exist. Right from its derivation, the company has been involved in the task of taking the Indian cement industry to newer heights. Since its seven decade long journey, this company has gone through many hands from Tatas to GACL to Holcim, but still its operations never suffered, which gives an insight of how effective, efficient and dedicated ACC’s management has been. Today, by being part of the international Holcim group, the company looks forward to a smooth integration, relying on the anticipated synergies.

And now, N. S. Sekhsaria, Chairman, ACC, comments, “I believe that the company stands at another important threshold – one that can open up global benchmarks for performance.” Threshold it sure is! For the six months ending June 2006, ACC’s sales stood at Rs.31.84 billion (growth of 16%) and profits touched Rs.6.43 billion, roughly twice the figure registered in the previous year. At ACC, cement accounts for maximum business, followed by refractory and ready mix operations. The company dominates around 12.8% of the total market in FY 2005-06, although market share declined by 0.4% as compared to the financial year 2004-05.

The installed capacity of the company is 20 MMT, making it the largest cement company in the country. It has 14 cement factories under its belt. Furthermore, a well laid out channel network across the nation makes ACC a tough contender to be dealt with. With an army of more than 170 warehouses and 9000 dealers – which makes sure that the produce reaches every nook and cranny of the country – Associated Cement Companies is our sectoral #1!

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2006, Professor Arindam Chaudhuri's (Renowned Management Guru and Economist) Initiative

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