You are here: Home » Current Affairs » News » National
Business Standard

HeidelbergCement saw good start to 2021, 2020 core profits up by 6%

"There should be a tailwind from infrastructure programmes, for example in the USA, Australia, India and Italy," Chief Executive Dominik von Achten said

HeidelbergCement India | Companies | cement industry

Reuters  |  FRANKFURT 

Cement production site.

FRANKFURT (Reuters) - HeidelbergCement, the world's second-largest cement maker, on Tuesday said it saw a good start to 2021 after preliminary results showed core profit was up 6% on a like-for-like basis last year.

"There should be a tailwind from infrastructure programmes, for example in the USA, Australia, India and Italy. I am also confident about private residential construction," Chief Executive Dominik von Achten said.


(Reporting by Christoph Steitz; Editing by Riham Alkousaa)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, February 23 2021. 11:45 IST