So which are the largest cement companies in the world? Let’s check out Insider Monkey’s latest article on this topic. Among the industries, the cement industry is one of the most important. Its total worth is trillions in dollars. This industry supplies the world with four billion tons of cement year by year, contributing 5.4 of the global GDP and giving jobs to about 7.7% of the global workforce.
Naturally, as almost all the industries, cement industry also had a crisis of the pandemic hit in 2020. The negative impacts of the pandemic will strike the cement industry in the future, yet the top five companies you can find in Insider Monkey’s compilation, are responsible for almost 75% of the world’s production, and China produces 57% of the global prodaction.
After all this introduction, you must be eager to know which are the largest cement companies across the globe. Well, you don’t have to wait long, as we are showing you two of them right now. At first, on the fifth spot, we can find CRH (NYSE:CRH), a real giant company from Ireland. It has more than 85,000 employees, and can boast with tens of billions in assets alone.
Latest market cap (in billions of dollars): 23.8
Revenue for latest fiscal year (in billions of dollars): 28.1
Profit for latest fiscal year (in millions of dollars): 1,900
Total assets for latest fiscal year (in billions of dollars): 41.9
CRH is followed by Heidelberg Cement (FWB:HEI) on the second spot of the compilation. Another European country on the palette, which is headquartered in Heidelberg, in this amazing city with a wonderful, colorful tradition and past. After investing in 45% of the Italian company, Italcementi, it has become the second largest cement company all over the world. It has more than 57,000 employees and it operates in over 60 countries. For further information about these mammoth companies, please jump to the link of the largest cement companies in the world.
Latest market cap (in billions of dollars): 9.4
Revenue for latest fiscal year (in billions of dollars): 10.8
Profit for latest fiscal year (in millions of dollars): 983.4
Total assets for latest fiscal year (in billions of dollars): 44.5