Heidelberg Cement news

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.

The company has published its preliminary key figures for the first quarter of 2021. The company has stated that the preliminary Q1 financial figures deviate significantly from current capital market expectations.

The company has revealed that it has achieved promising results in 2020, and confirms its optimistic outlook for 2021.

HeidelbergCement’s US subsidiary, Lehigh Hanson, and Fortera have announced a collaboration to implement a new type of carbon capture and utilisation (CCU) technology in a pilot installation at Lehigh’s Redding California cement facility.

The company’s results show an optimistic view of the building materials market development in 2021.

The company was chosen to supply its VAS logistics solution for Heidelberg’s sand and gravel works in Germany.