Heidelberg Materials Plans Expansion in US Market
Heidelberg Materials, a leading global cement producer, aims to strengthen its presence in the United States within the next year. The company believes the policies implemented by the Trump administration will positively impact its operations.
CEO Dominik von Achten, who has been instrumental in driving Heidelberg Materials' growth in the US for several years, expressed optimism about the company's future in the region. He noted that the new administration's focus on industrial development and infrastructure improvements aligns with the company's core business.
North America currently accounts for approximately one-quarter of Heidelberg Materials' sales, with nearly 18% of its workforce based in the region. The company's key markets include the southeastern United States, where it recently acquired Giant Cement Holding.
In line with Trump's emphasis on local production and employment, Heidelberg Materials highlights its commitment to manufacturing and distributing within the United States. According to von Achten, the company's strategy of local operations resonates with the new administration's priorities.
Heidelberg Materials has allocated significant resources to its US expansion, investing approximately 500 million euros in deals last year. The company plans to continue investing in strategic acquisitions within the 1 billion euro range.
While some competitors have considered listing in the US to access higher valuations, von Achten remains cautious about pursuing a similar strategy. He believes that current market conditions do not support such a move.