Action Construction Equipment

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CMD
Vijay Agarwal (CMD - ACE Ltd.) & Mona Agarwal

Action Construction Equipment Ltd. is an Indian material handling and construction equipment manufacturing company, incorporated in 1995.[1][2][3][4]

The company has eight manufacturing sites in Faridabad, Haryana,[5] with a research and development in Faridabad district,[5] and has a manufacturing capacity of 12000 construction equipment and 9000 tractors annually.[6] Their product portfolio is divided into four main categories: agricultural equipment, construction equipment, road construction equipment, and earth-moving machinery,[7] mainly catering to Asia-Pacific, Africa and Latin America regions.[8][9]

In 2019, the company was ranked at #223 in Fortune magazine's "Next 500" list of midsized Indian companies.[10]

Timeline

  • 1995 – company incorporated, rolled out its first hydraulic mobile crane[11]
  • 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.[12]
  • 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.[13]
  • 2006 – formed joint venture with Italian firm Tigieffe;[14] listing on Stock Exchange – BSE and NSE; CNBC TV 18 emerging company award[15]
  • 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.[16]
  • 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[17]
  • 2008 – partnered with Chinese manufacturer Zoomlion;[18] launched crawler cranes;[19] rolled out the tractor rangeTemplate:Citation needed
  • 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[20]
  • 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[21]
  • 2017 – launched tractor range of up to 90 HP
  • 2018 – launched AX124 backhoe loader for export market;[22][23] ACE entered into MoU with Ursus SA for localization new range of tractors.;[24] partnered with Punjab National Bank for farm machinery financing.[25]
  • 2019 – launched NX-series Multi Activity Crane at Bauma Conexpo, India[26][27][28] Launched NX360° slew-cum-pick and carry crane from Tara Chand Logistics, Mumbai[29]
    F150ev
    India's 1st Electric Crane F150ev

Awards and recognition

  • ICICI, CNBC-TV18 Emerging India Awards 2005-2006[15]
  • India's Best Company of the Year Award 2018 by Berkshire Media Pvt. Ltd. (A Division of Berkshire Media LLC, USA)[30]
  • Dream Companies to Work for - Construction Sector, 16 February 2019[31]
  • Award for Brand Excellence- Construction Equipment Industry ACE-  National Brand Leadership Congress & Awards 2019[32]
  • Best Training Initiative Award (Infrastructure Sector) in National Award For Excellence in Training & Development 2019[33]
  • North India Best Employer Brand Award - 13th Employer Branding Awards 2018[34]
  • India's Top Challengers Award - 16th Construction World Global Awards-2018[35]
  • Best Seller in Mobile Cranes Category Award - 6th Equipment India-2018[36]
  • Best Seller in Mobile Cranes Category Award-5th Equipment India-2018[37][38]
  • Associate Partner in India's Top Challengers Award-Construction World-2017[39]
  • India's Most Trusted Company Award-IBC, USA-2017[40]
  • "70 Most Trusted Power Brands of India" Award-2017[41]
  • Economic Times "Infra Focus" Award-2017.
  • Best Seller in Mobile Cranes Category Award-4th Equipment India-2017[42]
  • Construction World-2006, 2007, 2008, 2011, and 2012[43]

References

  1. ↑ ACE focused on offering innovative crane solutions. B2B Purchase(23 December 2014). Retrieved 2019-07-30.
  2. ↑ History of Action Construction Equipment Ltd., Company. Goodreturn. Retrieved 2019-07-30.
  3. ↑ ACE construction equipment. The Economic Times(2006-08-08). Retrieved 2019-07-30.
  4. ↑ Crane manufacturing industry lifts up in Faridabad. The Economic Times(2012-03-26). Retrieved 2019-07-30.
  5. ↑ 5.0 5.1 India's Top Magazine on Construction, Infrastructure & Civil Engineering -- CE & CR. cecr.in. Retrieved 2019-08-26.
  6. ↑ Faridabad's Tractor Inc shifts to top gear. The Economic Times(2012-05-31). Retrieved 2019-08-26.
  7. ↑ CONSTRUCTION EQUIPMENT – Action Construction Equipment (ACE). MotorIndiaOnline.
  8. ↑ Buy Action Construction Equipment, Bhat, Yashas. lkpsec.Template:Dead link
  9. ↑ Equipment India Magazine | Trimble introduces next-gen grade control for excavators and dozers. www.equipmentindia.com. Retrieved 2019-08-26.
  10. ↑ Action Construction Equipments - Next 500 Ranking 2019 - Fortune India. www.fortuneindia.com. Retrieved 2019-08-26.Template:Dead link
  11. ↑ ACE Company History. Dynamic Levels. Retrieved 2019-08-26.
  12. ↑ Excon 2009 - A Wonderful Opportunity for Interaction. www.nbmcw.com. Retrieved 2019-08-26.
  13. ↑ Action Const. Equip: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Action Const. Equip - NDTV. www.ndtv.com. Retrieved 2023-11-02.
  14. ↑ ACE to form JV with Italian firm Tigieffe - Times of India. The Times of India(9 February 2006). Retrieved 2019-08-26.
  15. ↑ 15.0 15.1 Emerging India Awards. emergingindiaawards.com. Retrieved 2019-08-26.
  16. ↑ ACE board okays Romanian acquisition, Roy, Mithun. DNA India(2007-01-15). Retrieved 2019-08-26.
  17. ↑ http://www.forma-romania.ro/
  18. ↑ Zoomlion and ACE, two to tango in India. The Economic Times(2008-09-28). Retrieved 2019-08-26.
  19. ↑ ACE Launches ACX 750 Crawler Crane. www.nbmcw.com. Retrieved 2019-08-26.
  20. ↑ ACE – A Dominant Player in Crane Segment, Khanna, S. K.. www.nbmcw.com. Retrieved 2019-08-26.
  21. ↑ Action Construction Equipment draws up big plans for tractor segment - ET Auto, www.ETAuto.com. ETAuto.com. Retrieved 2019-08-26.
  22. ↑ "We are laying more emphasis on exports.". www.constructionworld.in. Retrieved 2019-08-26.
  23. ↑ Midcap mania: Action construction equipment expects to improve margin on the basis of increase in price. cnbctv18.com(12 November 2018). Retrieved 2019-08-26.
  24. ↑ Action Construction Equipment enters into MoU with URSUS S.A. for localization of the new range of tractors. Construction Week India(10 April 2018). Retrieved 2019-08-26.
  25. ↑ PNB, ACE tie-up for farm machinery financing, K.R.Srivats. @businessline(18 November 2017). Retrieved 2019-08-26.
  26. ↑ Action Construction Equipment (ACE) - showcases new NX series of cranes, Sarim. www.nbmcw.com. Retrieved 2019-07-30.
  27. ↑ ACE launches Multi-Activity Cranes. www.constructionworld.in. Retrieved 2019-08-26.
  28. ↑ India's Top Magazine on Construction, Infrastructure & Civil Engineering -- CE & CR. cecr.in. Retrieved 2019-08-26.
  29. ↑ Action Construction Equipment Makes Waves With the Launch of Nx360° Slew-Cum-Pick 'N' Carry Crane. Indian Infrastructure(2019-07-31). Retrieved 2019-08-26.
  30. ↑ Winners, admin. India's Best Company Of The Year Awards. Retrieved 2019-08-26.
  31. ↑ Dream Companies to Work for. dreamcompaniestoworkfor.org. Retrieved 2019-07-30.
  32. ↑ National Awards CMO Asia. www.cmoasia.org. Retrieved 2019-07-30.
  33. ↑ Dr. R. L. Bhatia, Bhatia, Dr R. L.. World HRD Congress. Retrieved 2019-08-26.
  34. ↑ Dream Companies to Work for. dreamcompaniestoworkfor.org. Retrieved 2019-08-26.
  35. ↑ Builders | Architects | Construction Companies and Leaders. www.constructionworld.in. Retrieved 2019-08-26.
  36. ↑ Equipment India Magazine | 6th Annual Equipment India Awards 2018. www.equipmentindia.com. Retrieved 2019-08-26.
  37. ↑ ACE wins the Bestseller in Mobile Cranes category at 5th Equipment India Awards | Ecargolog - Asia's Cargo & Logistics News Online. Retrieved 2019-07-30.
  38. ↑ ACE wins the Bestseller in Mobile Cranes category at 5th Equipment India Awards - Core Sector Communique. corecommunique.com. Retrieved 2019-08-26.
  39. ↑ Construction world Global Awards 2018. www.constructionworld.in. Retrieved 2019-08-26.
  40. ↑ India's Most Trusted Companies Award | Tata Coffee. tatacoffee.com. Retrieved 2019-08-26.
  41. ↑ Planman Media hosts Spectacular Ceremony of Power Brands Indian Superpower Edition - India's 70 Most Trusted Power Brands 2017-18 - TVNews4u. Dailyhunt. Retrieved 2019-08-26.
  42. ↑ Infrastructure Today Magazine | 4th Equipment India Award 2017 | Celebration of Excellence. www.infrastructuretoday.co.in. Retrieved 2019-08-26.
  43. ↑ Top List - Construction World Magazine from India. www.equipmentindia.com. Retrieved 2019-08-26.
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