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Heidelbergcement India

#6741

Rank

$512.54M

Marketcap

IN India

Country

Heidelbergcement India
Leadership team

Mr. Jamshed Naval Cooper B.Sc, MBA (MD & Exec. Director)

Mr. R. K. Maheshwari (Joint Pres)

Mr. Anil Kumar Sharma ACA, ACS, B.Com (CFO & Chief Risk Officer)

Products/ Services
Building Material, Manufacturing, Sales
Number of Employees
1,000 - 20,000
Headquarters
Gurgaon, Haryana, India
Established
1874
Net Income
20M - 100M
Revenue
100M - 500M
Traded as
HEIDELBERG.NS
Social Media
Overview
Location
Summary
HeidelbergCement India Limited manufactures and sells cement in India. The company offers Portland pozzolana cement and Portland slag cement under the mycem, mycem Primo, and mycem Power brand. It also provides concrete solution lab and mobile technical lab services. The company was formerly known as Mysore Cements Limited and changed its name to HeidelbergCement India Limited in April 2009. The company was incorporated in 1958 and is based in Gurugram, India. HeidelbergCement India Limited is a subsidiary of Cementrum I.B.V.
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
At HeidelbergCement India, our mission is to strive to be the world's most valued supplier of sustainable building materials and services, enhancing our customer's profitability, compassionate about people and environment.
Vision
At HeidelbergCement India, our vision is to create a better world through providing sustainable building materials and services that create value for our communities, customers, and shareholders.
Key Team

Mr. Sudipto Pal (Head of Adminisration & Information Technology)

Mr. Rajesh Relan (Legal Head, Compliance Officer & Company Sec.)

Mr. V. Purushothama Sharma (Chief Gen. Mang. of Ammasandra Unit)

Mr. Rabindra Nath Rai (Sr. VP of Mines)

Mr. Ravindra K. Shukla (Sr. VP of Sales & Marketing)

Mr. Sumeet Bisarya (Sr. VP of Bus. Devel.)

Ms. Poonam Sharma B.Sc, MBA (Director of HR)

Recognition and Awards
HeidelbergCement India is the proud recipient of multiple awards. Some of the awards include 'India's Best Companies to Work For - 2019’ by Business Today & 'India's Best Managed Company - 2019' by Dalal Street Investment Journal and 'India's Best Employer Brand - 2019' by World HRD Congress.
References

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Heidelbergcement India
Leadership team

Mr. Jamshed Naval Cooper B.Sc, MBA (MD & Exec. Director)

Mr. R. K. Maheshwari (Joint Pres)

Mr. Anil Kumar Sharma ACA, ACS, B.Com (CFO & Chief Risk Officer)

Products/ Services
Building Material, Manufacturing, Sales
Number of Employees
1,000 - 20,000
Headquarters
Gurgaon, Haryana, India
Established
1874
Net Income
20M - 100M
Revenue
100M - 500M
Traded as
HEIDELBERG.NS
Social Media