HeidelbergCement
LeaveRussia detail: Continue Operations
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.
Decision trail
Decision date 15/11/2023 · Reference ↗
Promised to suspend all further investments. Heidelberg Materials as a global company strongly condemns this war against the Ukrainian people. "We fully support all sanctions on Russia and immediately stopped all investments almost one year ago. We operate a pure local business in Russia, on a limited scale and only for local needs. We ensure that our reduced activities in Russia are fully compliant with international and other laws as well as with international human rights standards." Increased revenue in 2022 vs 2021. Heidelberg's website until summer 2023 contained information of their plants and terminals in Kaliningrad and Murmansk. Company produces concrete, which could be important for military industry as well.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — operating · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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