HeidelbergCement Races to Climate Neutrality

HeidelbergCement continues to drive decarbonization efforts by signing the Business Ambition for 1.5°C Commitment. Led by the Science Based Targets initiative (SBTi) in partnership with the UN Global Compact and the “We Mean Business” coalition, the initiative aims to limit global warming to 1.5°C and achieving net zero carbon emissions by 2050 at the latest. 

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Martin Marietta Heads West with $2.3B Lehigh Hanson Deal

Martin Marietta will significantly boost its West Coast presence in a $2.3 billion cash deal for the bulk of Lehigh Hanson’s West Region operations in Arizona, California, Nevada and Oregon. The acquisition provides the company with a new upstream materials-led growth platform across several of the nation’s largest and fastest growing megaregions.

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HeidelbergCement Reports 2020 Results

HeidelbergCement presented preliminary, unaudited figures for the full year 2020. In a difficult market environment, the result from current operations before depreciation and amortization rose like-for-like by 6% to a record €3.7 billion. Consistent implementation of the company’s COPE action plan led to cash savings of around €1.3 billion.

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HeidelbergCement Reportedly Seeks to Divest $1.5 Billion U.S. Assets

Germany-based HeidelbergCement AG is exploring the sale of some of its U.S. assets as the producer’s chief executive Dominik von Achten seeks to divest peripheral businesses, reported Bloomberg. The company is working with Morgan Stanley on the sale of California operations, which could fetch around $1.5 billion, according to people familiar with the matter. 

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