HeidelbergCement (HEI)

About HeidelbergCement (HEI)

Company Description:

HeidelbergCement AG is one of the world's largest building materials companies. The company operates through various segments including Cement, Aggregates, Ready-Mixed Concrete-Asphalt, and Service- Joint Ventures - Other.

Founded in 1873 by Johann Philipp Schifferdecker, HeidelbergCement AG is headquartered in Heidelberg, Germany.

Main Product(s):

HeidelbergCement's primary products include cement, aggregates (gravel and sand), concrete, and asphalt.

Short History of HeidelbergCement AG:

1873: HeidelbergCement was founded by Johann Philipp Schifferdecker.

1896: First expansion outside Germany by opening a cement plant in Leimen.

1977: Diversification into ready-mixed concrete.

1993: Expansion into Eastern Europe post-reunification.

2007: Major acquisition of Hanson PLC, significantly expanding its footprint in the UK and US.

2016: Acquisition of Italcementi, an Italian multinational cement company.

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