Heidelberg Materials has unveiled a key pillar of its long-term, global plans with its 2030 strategy, focusing on growth and profitability.
The new strategy, titled Strategy 2030: Making a Material Difference, includes new mid-term financial targets, 2030 sustainability targets, a business case for decarbonisation and plans for its global network.
“After delivering on our 2025 mid-term targets ahead of plan, we remain focused on the future as our building materials continue to be an integral part of the solution to the needs of a changing world,” Heidelberg Materials managing board chairman Dr Dominik von Achten said.
“We are witnessing the biggest waves of capital investment ever. Key megatrends in the world – such as energy transition, infrastructure rebuilds and newbuilds, housing and urbanisation, defence revamping, and digitalisation with an exploding demand for data centres – are driving demand for our products in markets where Heidelberg Materials has developed leading positions. We are in the right places with the right products to capitalise on these large-scale global trends and growth opportunities for sustainable concrete applications.
“We are thrilled to embark on this new chapter, in which we will continue to deliver sustainable value to our customers and shareholders. At Heidelberg Materials, we can build on the collective strength of our high-performance team around the world. Just over 50,000 people, led by a great management team with the right entrepreneurial spirit, complement their local ambitious agenda with global best practices and a relentless drive for rigorous change, creativity, and innovation.”
The new sustainability targets include reducing specific net CO₂ emissions to <400kg of CO₂ per tonne of cementitious material. The company wants to generate more than 50 per cent of its revenue from sustainable products by 2030. Heidelberg Materials aims to increase its use of alternative fuels to more than 50 per cent and achieve a clinker ratio of 64 per cent by 2030.
“Our company is in a stronger position than ever to further accelerate growth, scale our leadership, and seize the opportunities ahead. We combine unmatched global advantages with a unique footprint and radical focus. This strategic positioning enables us to grow faster and intensify our decarbonisation efforts,” von Achten said.
“We see significant opportunities ahead of us – ranging from operational growth as volumes return and an expanding sustainable product portfolio to cost savings through optimisation and efficiencies – to help us grow faster and more sustainably.”
Norway showcase
The strategy was unveiled at Heidelberg Materials’ Capital Markets Day in Brevik, Norway. The setting featured the company’s CCS facility in Brevik which is set to become operational next month.
“We deliberately chose the cement plant in Brevik as the backdrop to this year’s Capital Markets Day and the launch of our Strategy 2030,” Heidelberg Materials chief sustainability and new technologies officer Dr Katharina Beumelburg said.
“Home to the world’s first and only industrial-scale carbon capture unit in a cement plant, our project showcases the company’s strong determination to push the boundaries of sustainability and technological innovation.”
The post Heidelberg Materials reveals Strategy 2030 targets appeared first on Quarry.