HeidelbergCement AG (HEI.xetr)

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HeidelbergCement AG (HEI.xetr) Profile

HeidelbergCement AG is a multinational building materials company headquartered in Heidelberg, Germany. It is one of the largest building materials companies globally, with activities in 60 countries and 57,000 employees working at 3,000 production sites. The company has actively 139 cement factories with an annual cement production of 175 million tonnes. Since HeidelbergCement company acquired 45 per cent shareholding in Italcementi, it became the number one producer of construction aggregates, the number two in cement and number three in ready mixed concrete internationally. The entry into new important markets as Italy, France in Europe, Morocco and Egypt in North Africa, Thailand in Southeast Asia, Canada, India and Kazakhstan will enhance the existing market performance of HeidelbergCement. On August 2021, HeidelbergCement launched an announced share buyback programme until 30 September 2023 of a total amount of up to EU 1B. At the end of September 2021, HeidelberCement signed an acquisition of a minority stake of 45 per cent in Command Alkon, an international leader in comprehensive supply chain technology solutions for building materials. The market capitalisation of HeidelbergCement was EU 13.07B as of November 2021, and it is listed as a DAX component.

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