Heidelberg Cement news

In line with HeidelbergCement’s ‘Beyond 2020’ strategic targets, the Supervisory Board of HeidelbergCement has decided to establish two new positions on the Managing Board in order to further drive the company’s major transformation in sustainability and digitalisation.

As part of its portfolio optimisation and margin improvement programme in its North American business, HeidelbergCement has signed an agreement to sell its business activities in the U.S. West region to the U.S. based company Martin Marietta Materials, Inc.

The CSC certificate certifies that the company has managed cement production in an ecologically, socially and economically responsible manner, which also takes into account the entire value chain.

The first residential house in Germany to be built with a 3D concrete printer has won the German Innovation Award from the German Design Council.

The company has launched the fifth edition of the Quarry Life Award, its nature-based competition involving more than 20 countries worldwide.

The company recently held its 132nd Annual General Meeting – for the second time in a row in virtual form. The Annual General Meeting approved all items on the agenda with a large majority and welcomed the return to the progressive dividend policy.

The company has shared its optimistic outlook for 2021, and expects continued strong demand in private residential construction and infrastructure in all regions.

As rationale behind the rating upgrade, Moody’s particularly highlighted HeidelbergCement’s resilient performance throughout 2020 and its strong cash flow generation.

The companies signed an agreement for FLSmidth to deliver the necessary plant modifications for the carbon capture and storage (CCS) project at Norcem Brevik in Norway.

S&P Global Ratings raised HeidelbergCement’s long- and short-term issuer credit ratings to BBB/A-2 from BBB-/A-3 and the issue ratings on its debt to BBB from BBB-. The outlook is stable.