Cement News tagged under: CRH
US building materials groups report strong 1Q2417 May 2024, Published under Cement NewsCemNet has a look across the pond at how three US building materials companies have fared in the 1Q24. While results were stronger than expected in the 1Q24 for several cement producers in America, the task will be to capitalise on that during the rest of this year. Titan America, Summit Materials Inc and CRH have all steered their strategies to maximising US revenues and the benefits are starting to show. Titan gears up for IPO Titan Cement International announced this week that it ... |
CRH revenue up 2% YoY in 1Q2416 May 2024, Published under Cement NewsCRH has reported total revenue of US$6.5bn in the opening quarter of 2024, ended 31 March. This marks a two per cent expansion compared to the same period a year earlier. Adjusted EBITDA over the 1Q24 came in at US$445m, up 15 per cent YoY, while the adjusted EBITDA margin advanced 80bps to 6.8 per cent. The gain in adjusted EBITDA was attributed to the continued delivery of the company’s integrated solutions strategy, strong commercial progress, ongoing costs control and further operation... |
CRH announces new share buyback10 May 2024, Published under Cement NewsCRH plc has completed the latest phase of its share buyback programme, returning a further US$0.3bn of cash to shareholders. Between 29 February 2024 and 9 May 2024, 3.7m ordinary shares listed on the New York Stock Exchange were repurchased. This brings the total cash returned to shareholders under the ongoing share buyback programme to US$7.6bn since it began in May 2018. CRH has also announced that it has entered into an arrangement with HSBC Securities (USA) Inc to repurchase ordin... |
CRH continues to invest in Ukraine08 May 2024, Published under Cement NewsCRH has invested a total of US$80m in Ukraine since the start of the Russia-Ukraine conflict, according to Guillaume Cavalier, president of CRH in Central and Eastern Europe. This brings the company’s investment in Ukraine over its 25-year history in the country to over US$500m, reports bne IntelliNews. “Investing in the expansion of production now is crucial to ensure the potential growth of the Ukrainian cement market following its integration into the EU,” Cavalier remarked, highli... |
CRH completes lime divestment deal in UK27 March 2024, Published under Cement NewsIn November 2023 CRH announced that its had reached an agreement to divest its lime operations in Europe to SigmaRoc for around US$1.1bn. The first phase of the deal was completed in January 2024, comprising the operations in Germany, Czech Republic and Ireland. CRH has now completed the second phase of the transaction, comprising its UK lime operations. The final phase, concerning the assets in Poland, is due to complete later this year. The deal includes 16 operating locations a... |
Eqiom to boost Lumbres capacity by 57%29 February 2024, Published under Cement NewsEqiom , part of Ireland’s CRH group, has announced plans to increase the cement production capacity at its Lumbres plant in France from 0.7Mta to 1.1Mta by 2026, marking a 57 per cent expansion. The EUR300m investment will include the installation of a new kiln, which aims to lower the plant’s CO 2 emissions by 20 per cent, reduce its NO x emissions by 40 per cent, cut its SO 2 emissions by 80 per cent, and reduce the facility’s fuel consumption by around 35 per cent. |
CRH completes Hunter plant and Texan ready-mix acquisitions13 February 2024, Published under Cement NewsCRH has completed the US$2.1bn acquisition of Martin Marietta Materials Inc in Texas, USA. The deal was first announced on 21 November 2023 and the combined assets are expected to generate a pro-forma EBITDA of around US$170m for 2023. The acquisition includes the 2.1Mta Hunter cement plant, 20 ready-mix assets with a capacity of 1.6Mm 3 and a network of terminals along the Eastern Gulf Coast of Texas. |
CRH and Caterpillar agreement to accelerate use of sustainable vehicles10 January 2024, Published under Cement NewsCRH and Caterpillar have signed a strategic agreement to develop and deploy electric off-road vehicles and charging solutions. The agreement is focussed on accelerating the deployment of Caterpillar’s 70 to 100t-class battery electric off-road truck with CRH testing and validating the units at its operations in North America. The collaboration will advance the use of sustainable equipment in CRH’s operations and provide valuable real-world insights to Caterpillar in areas including safe... |
CRH completes lime divestment05 January 2024, Published under Cement NewsOn 22 November 2023, CRH plc announced that it had reached an agreement to divest its lime operations in Europe for a total consideration of around US$1.1bn. This company is pleased to announce that the first phase of the transaction, comprising the group’s lime operations in Germany, Czech Republic and Ireland, is now complete. |
CRH proposal to acquire Adbri18 December 2023, Published under Cement NewsCRH has entered into an agreement to acquire Adbri Ltd . Under the proposal, CRH would partner with Australian family-owned business, Barro Group, which has an approximately 43 per cent share in Adbri. CRH currently has a 4.6 per cent interest in the company via a cash settled derivative and would acquire the remaining approximately 57 per cent of Adbri’s shares not owned by Barro with the intention to delist Adbri from the Australian Securities Exchange (ASX). CRH and Barro have submi... |