Oct. 25, 2023 – According to Bloomberg, Heidelberg Materials is the mystery bidder that Summit Materials referenced in a recent proxy filing. The company said it had rejected two takeover proposals from an unnamed suitor with the latest made on Oct. 18 for $38 per share. Bloomberg’s sources said Heidelberg has been working with advisers on its pursuit of Summit and made approaches…
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Heidelberg Makes Managing Board Changes
The supervisory board of Heidelberg Materials AG announced it has made changes regarding the composition of and succession within the managing board.
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The Industry’s Publicly Traded Companies Provide An IndustryBarometer When they Release Their Quarterly Reports. Vulcan MaterialsVulcan Materials Co. announced results for the quarter ended June 30, reporting total revenues of $2.113 billion versus $1.954 billion in the second quarter of 2022; and a six-month total of $3.762 billion versus $3.495 billion for the same period in 2022. In the second…
Read MoreHeidelberg Materials Assesses First Half of 2023
Heidelberg Materials announced revenue increases of 8.5% to €10,473 million and “improvement in result” of 37.5% to €1,189 million for the first half of 2023. CO₂ emissions were reduced by a further 2.4%.
Read MoreHeidelberg Materials Celebrates 150th Anniversary
Heidelberg Materials celebrates its 150th company anniversary this year. On June 20th, a ceremony under the motto “150 years of progress” was held with guests and employees at the company’s headquarters in Heidelberg, Germany. “150 years of Heidelberg Materials – these are 150 years that have been shaped by people whose innovative spirit and courage have led to constant change.…
Read MoreVolvo, Heidelberg Partner for Emissions Reduction
Heidelberg Materials signed a collaboration agreement with Volvo Group with the potential to significantly reduce carbon emissions in the construction industry. The aim is to jointly investigate and develop how the loading and hauling needs of Heidelberg Materials can be solved with the help of electrified vehicles and related services. As part of the agreement, Volvo Group’s emission-free solutions, a…
Read MoreHeidelberg Materials Dedicates New Mitchell, Ind., Cement Plant
Heidelberg Materials Chairman Dominik von Achten, and Heidelberg Materials North America CEO Chris Ward, formally ushered in a new era for the company’s century-old cement plant in Mitchell, Ind., unveiling advanced material handling, calciner, kiln and finishing equipment equal to 2.4 million metric tpy. During a mid-June gathering – attended by SEMCO’s Cement Products, Concrete Products and Rock Products magazines – they showed customers,…
Read MorePricing is the New Black
It Is Time To Discuss A Critical And Yet Underestimated Part Of Price Management – The Quotation. By Julia Georgi With Vulcan Materials Co., Martin Marietta Materials, Summit Materials and Heidelberg Materials reporting record price increases in the first quarter of 2023, price and revenue management is finally becoming mainstream in our industry. Those remarkable success stories of publicly traded…
Read MoreClosing the Loop
Heidelberg Materials North America Embraces Concrete Recycling As Part Of Its Comprehensive Sustainability Strategy. By Kristin Dispenza A shift toward a circular economy is underway. The emphasis of the circular model is on reusing materials, in contrast to the old linear model in which raw materials were extracted and products were made, only to become waste after a single application.…
Read MoreHeidelberg Materials Revenues Rise in First Quarter
Heidelberg Materials reported that In the first quarter, sales volumes declined as a result of the economic downturn linked to lower construction activity, especially in residential construction, due to inflation and increased financing costs, however revenue rose significantly by 10.6% in comparison with the previous year. Excluding scope of consolidation and exchange rate effects, the growth amounted to 13.4%.…
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