HeidelbergCement

#1130

Rank

$14.96B

MarketCap DE

DE Germany

Country

Summary
HeidelbergCement AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. It provides cement products, natural stone aggregates, such as sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and concrete/ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as to produce precast concrete parts consisting of stairs, ceiling elements, or structural components. In addition, it provides asphalt primarily used as a top layer in road construction, as well as trades in cement, clinker, secondary cementitious materials, and solid and alternative fuels. HeidelbergCement AG was founded in 1873 and is headquartered in Heidelberg, Germany.

History

The company was founded on 5 June 1874 by Johann Philipp Schifferdecker, at Heidelberg, Baden-Württemberg, Germany. It was making 80,000 tonnes per annum of Portland cement in 1896. It acquired numerous other small companies from 1914 onwards, and by 1936, it was making one million tonnes per annum.

Following the Nazi seizure of power in 1933, the cement industry profited massively from state-run construction and armaments projects, leading to a generally positive view of the policies of the Reich government among workers and management of the company. The company's general director Otto Heuer had joined the NSDAP on May 1 in 1933 and was a member of the Freundeskreis Reichsführer SS. During the Second World War, the cement industry was classified as essential to the war effort and initially experienced only minor restrictions in production. As the war progressed, prisoners of war and forced labourers were used in numerous plants; according to the company, the number of people affected is estimated at 1,000.Activities abroad began with the acquisition of part of Vicat Cement, France. Shipments reached 8.3 million tonnes in 1972. In 1977, a massive program of purchases in North America began with the acquisition of Lehigh Cement. In 1990, expansion in eastern Europe began.

In 1993, it acquired part of SA Cimenteries CBR of Belgium, which already had a major multinational operation. Since then it has continued to expand, with complete buy out of CBR, and purchases in eastern Europe and Asia. A major step was the acquisition of Scancem in 1999, with operations in Northern Europe as well as Africa. Indocement in Indonesia was included in 2001.

In May 2007, the British company Hanson was acquired, a transaction worth £7.85 billion , which gave the company a stronger market position in the United Kingdom and the United States, and turned HeidelbergCement into the world's leading producer of aggregates.

HeidelbergCement has 29 cement and grinding plants in Western and Northern Europe, 19 in Eastern Europe and Central Asia, 16 cement plants in North America, and 14 in Africa and the Mediterranean Basin. The company sold Maxit Group and its 35% share in Vicat Cement to help finance its acquisition of Hanson plc in August 2007. In most of the group's European countries, HeidelbergCement is the market leader in the cement business.

Adolf Merckle was a big investor in HeidelbergCement. A capital increase in HeidelbergCement in September 2009, combined with a selling of shares from the Merckle family, opened up for other international owners and higher trading volumes on the stock exchanges. In August 2006, HeidelbergCement AG entered the Indian cement market with the acquisition of Mysore Cement.

On 1 July 2016, HeidelbergCement AG completed the acquisition of a 45% shareholding in Italcementi S.p.A. With the acquisition, HeidelbergCement becomes the number 1 producer of aggregates, the number 2 in cement and number 3 in ready mixed concrete worldwide. The company agreed to sell its assets in the United States for $660 million to Cementos Argos to fulfil anti trust requirements for the takeover.HeidelbergCement has entered new important markets, such as France and Italy in Europe, Egypt and Morocco in North Africa and Thailand in southeast Asia. In the Canada, India and Kazakhstan, the takeover will further strengthen the existing market presence of HeidelbergCement. The enlarged group has activities in around sixty countries, with 60,000 employees working at 3,000 production sites. HeidelbergCement operates 139 cement plants with an annual cement capacity of 176 million tonnes, more than 1,500 ready mixed concrete production sites, and over 600 aggregates quarries.


Mission
The goal is to invite students and researchers to submit a scientific project related to the high biodiversity of its quarries. The Quarry Life Award is a unique opportunity to add true ecological and educational value to a mining environment.

Vision
HeidelbergCement’s vision is to be the leading provider of sustainable building materials worldwide, making life better through innovation and excellence in all that we do.

Key Team

Mr. Hakan Gurdal (Member of Managing Board)

Mr. Kevin Gerard Gluskie (Member of Managing Board)

Mr. Jon Morrish (Member of Managing Board)

Mr. Dennis Lentz (Chief Digital Officer & Member of Managing Board)

Mr. Chris Ward (Member of Managing Board)

Dr. Nicola Kimm (Chief Sustainability Officer & Member of the Managing Board)

Anna Toborek (Director of Group Corp. Fin.)


Recognition and Awards
HeidelbergCement has been recognized multiple times as a leader in sustainability and corporate responsibility, including by the Dow Jones Sustainability World Index, the CDP Climate A-List, the FTSE4Good index, and others.

References
HeidelbergCement
Leadership team

Dr. Dominik von Achten (Chairman of Managing Board)

Mr. René S. Aldach (CFO & Member of the Managing Board)

Mr. Ernest Gerard Jelito (Member of the Managing Board)

Products/ Services
Building Material, Real Estate
Number of Employees
Above 50,000
Headquarters
Heidelberg, Baden-Wurttemberg, Germany
Established
1873
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
HEI.DE
Social Media
Sat Feb 24 2024
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