|Bid||40.49 x 0|
|Ask||40.64 x 0|
|Day's range||39.66 - 39.66|
|52-week range||39.66 - 67.68|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||03 Nov 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
HeidelbergCement, the world's No.2 cement maker, is rebranding itself as Heidelberg Materials, the German company said on Tuesday, in a bid to better reflect its role as a supplier in the construction industry. A member of Germany's benchmark DAX index, the company said the rebranding would be effective immediately on a group level and be gradually rolled out from 2023 for its domestic and international subsidiaries.
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HeidelbergCement, the world's No. 2 cement maker, said on Tuesday it aimed to cut carbon dioxide (CO2) emissions by almost 50% by 2030 compared with 1990, part of an industry-wide push to decarbonise. The company will use recycled materials and carbon capture to reduce CO2 emissions to 400 kilograms per tonne, down from a previous target of 500 kilograms, highlighting its efforts to cut emission in the cement production, which is among the most polluting industrial processes. "We will make the transition a successful business case," Chief Executive Dominik von Achten said during the company's capital markets day.