Action Construction Equipment
Action Construction Equipment Ltd. is an Indian material handling and construction equipment manufacturing company, incorporated in 1995.
The company has eight manufacturing sites in Faridabad, Haryana, with a research and development in Faridabad district, and has a manufacturing capacity of 12000 construction equipment and 9000 tractors annually. Their product portfolio is divided into four main categories: agricultural equipment, construction equipment, road construction equipment, and earth-moving machinery, mainly catering to Asia-Pacific, Africa and Latin America regions.
In 2019, the company was ranked at #223 in Fortune magazine's "Next 500" list of midsized Indian companies.
Timeline
- 1995 - company incorporated, rolled out its first hydraulic mobile crane
- 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.
- 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.
- 2006 - formed joint venture with Italian firm Tigieffe; listing on Stock Exchange – BSE and Stock Exchange of India|NSE]; CNBC TV 18 emerging company award
- 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.
- 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
- 2008 - partnered with Chinese manufacturer Zoomlion; launched crawler cranes; rolled out the tractor range
- 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
- 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
- 2017 - launched tractor range of up to 90 HP
- 2018 - launched AX124 backhoe loader for export market; ACE entered into MoU with Ursus SA for localization new range of tractors.; partnered with Punjab National Bank for farm machinery financing.
- 2019 - launched NX-series Multi Activity Crane at Bauma Conexpo, India Launched NX360° slew-cum-pick and carry crane from Tara Chand Logistics, Mumbai
Awards and recognition
- ICICI, CNBC-TV18 Emerging India Awards 2005-2006
- India's Best Company of the Year Award 2018 by Berkshire Media Pvt. Ltd.
- Dream Companies to Work for - Construction Sector, 16 February 2019
- Award for Brand Excellence- Construction Equipment Industry ACE- National Brand Leadership Congress & Awards 2019
- Best Training Initiative Award in National Award For Excellence in Training & Development 2019
- North India Best Employer Brand Award - 13th Employer Branding Awards 2018
- India's Top Challengers Award - 16th Construction World Global Awards-2018
- Best Seller in Mobile Cranes Category Award - 6th Equipment India-2018
- Best Seller in Mobile Cranes Category Award-5th Equipment India-2018
- Associate Partner in India's Top Challengers Award-Construction World-2017
- India's Most Trusted Company Award-IBC, USA-2017
- "70 Most Trusted Power Brands of India" Award-2017
- Economic Times "Infra Focus" Award-2017.
- Best Seller in Mobile Cranes Category Award-4th Equipment India-2017
- Construction World-2006, 2007, 2008, 2011, and 2012