Heidelberg Materials

DE0006047004

HeidelbergCement is a German multinational building materials company headquartered in Heidelberg, Germany. It is a DAX corporation and is one of the largest building materials companies in the world. On 1 July 2016, HeidelbergCement AG completed the acquisition of a 45% shareholding in Italcementi. That acquisition made HeidelbergCement the number one producer of construction aggregates, the number 2 in cement and number 3 in ready mixed concrete worldwide. In the 2020 Forbes Global 2000, HeidelbergCement was ranked as the 678th -largest public company in the world.The enlarged group has activities in around 60 countries with 57,000 employees working at 3,000 production sites. HeidelbergCement operates 139 cement plants with an annual cement capacity of 176 million tonnes, more than 1,500 ready-mixed concrete production sites, and over 600 aggregates quarries.

Heidelberg Materials has been a target of short sellers for a while. The current short interest of 0.59% is roughly at the average of the last 12 months (0.79%). Recently, short selling has decreased slightly.

History