Heidelberg Materials AG

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Heidelberg Materials is a German multinational building materials company headquartered in Heidelberg, Germany. Formerly known as HeidelbergCement AG, the company rebranded as Heidelberg Materials in September 2022. It is a DAX-listed corporation and stands as one of the world's largest building materials companies. On July 1, 2016, HeidelbergCement AG completed the acquisition of a 45% shareholding in Italcementi. This acquisition made HeidelbergCement the world's leading producer of construction aggregates, the second-largest in cement, and the third-largest in ready-mixed concrete. In 2007, the company purchased Hanson (UK), thereby acquiring three plants and one aggregates quarry in the West Bank through Hanson Israel. Hanson Israel owns 26 concrete plants, three aggregate quarries, and two asphalt plants. Four of these facilities are located in Israeli settlements within the West Bank: concrete plants in Modi'in Illit and the Atarot Industrial Zone, an asphalt plant, and an aggregates quarry south of Elkana. The quarry extracts natural resources from the West Bank to support the Israeli construction industry. Additionally, through Hanson Israel, the company has supplied construction materials to various settlement projects. For instance, a Hanson Israel concrete truck was documented delivering materials for the expansion of the Barkan settlement industrial zone. On September 26, 2025, the UN High Commissioner for Human Rights updated its database of companies operating in Israeli settlements in the West Bank and East Jerusalem, noting that settlement construction is illegal under international law. Heidelberg Materials was included on this list. In response, Heidelberg Materials AG stated that Hanson Israel does not operate any facilities in the occupied Palestinian territories, including East Jerusalem. The company noted that in 2023, Hanson Israel ceased all activities at the Nahal Raba quarry, as well as its associated asphalt and ready-mix concrete plants, and that the entire Nahal Raba complex remains closed. list. -- Listed on the Frankfurt Stock Exchange (HEI), Heidelberg Materials is a global building materials leader backed by prominent institutional and sovereign wealth funds, including NBIM and BlackRock.