Italcementi : HeidelbergCement has completed the acquisition of a 45% stake in Italcementi from Italmobiliare (Corporate events)

Today, HeidelbergCement has completed the acquisition of a 45% stake in Italcementi from Italmobiliare.

The combination of HeidelbergCement and Italcementi creates the number 1 in aggregates production, the number 2 in cement and number 3 in ready-mixed concrete worldwide. More than 63,000 employees work at over 3,000 production sites in around 60 countries on five continents. The combined cement grinding capacity of 156 cement plants totals 197 million tonnes. HeidelbergCement operates more than 600 aggregates production sites and over 1,700 ready-mixed concrete plants. This makes HeidelbergCement the world's leading vertically integrated building materials supplier.

'HeidelbergCement stands for competence and quality in construction,' said Dr. Bernd Scheifele, Chairman of the Managing Board. 'By integrating Italcementi in the HeidelbergCement Group, we will combine the strengths of both and maintain at the same time the local character of the business. Both are tradition-rich companies with long successful histories in the building material business. Together, we are even better positioned to provide our customers with superior quality and innovative products.'

The company culture of HeidelbergCement is an essential foundation for the success of the Group. It focuses on efficiency, closeness to the business, strict cost control, speed and strength of implementation, as well as a strong commitment to customer and employee satisfaction. Workplace health and safety, progress in environmental protection and the acceptance of social responsibilities within the communities where HeidelbergCement operates are also important corporate values.