Cement News tagged under: CRH
CRH plc announces non-executive board member, Ireland28 June 2013, Published under Cement NewsThe Board of CRH plc announced the co-option to the Board, with effect from 1 July 2013, of Mr Donald A McGovern, Jr as a non-executive director. Mr McGovern (62), a United States citizen, is currently Vice Chairman, Global Assurance at PricewaterhouseCoopers (PwC), a position he has held since July 2008. Mr McGovern will retire from PwC on 30 June 2013, following a 39 year career with the firm, during which time he directed the US firm's services for a number of large public company clie... |
India: Jaypee Cement eyes acquisition24 June 2013, Published under Cement NewsJaypee Cement (JC), the country’s third-largest producer (Jaiprakash Associates/Japyee Group), is looking at an acquisition, having recently dumped its plan to sell off its Gujarat plant. “In the near future, the group plans to expand its cement capacities via acquisitions and greenfield additions to maximise economies of scale and build on vision to focus on large-size plants from inception,” said Ashutosh Kumar, JC’s joint president of marketing. Before that, though, JC would be conce... |
CRH sees US operations offsetting weaker European market08 May 2013, Published under Cement NewsIn trading statement released today, CRH said the first four months of 2013 were affected by adverse weather conditions but expects growth in the second half to be led by its US operations. Combined with a challenging economic environment, most of CRH’s European operations experienced lower activity and sales declined 12 per cent (approximately €0.3bn) in the first four months of the year compared to the same period of 2012. Wet and cold conditions also persisted in the US in the first ... |
Lafarge sells Ukraine cement plant to CRH26 April 2013, Published under Cement NewsLafarge is to sell its cement activities in Ukraine to CRH plc for an enterprise value of EUR96m. Lafarge, through its subsidiary Mykolaivtsement, operates a 1.3Mta integrated wet-process works at Mikolaiv in western Ukraine, near Lviv and has a domestic market share of around 12 per cent. The transaction, which is expected to close before year-end, is subject to relevant Ukrainian authorities' approval. Lafarge will remain present in Ukraine through three aggregates quarries serving ... |
CRH names five representatives to Cementos Lemona board, Spain16 April 2013, Published under Cement NewsCRH has named five representatives to the board of directors of Spanish cement producer Cementos Lemona. In February, CRH acquired Cementos Lemona in exchange for its 26.4 per cent stake in Cementos Portland Valderrivas. The five new members joined the board after a recent extraordinary shareholders meeting. Minority shareholders will not have representatives on the board. Cementos Lemona has a 1.25Mta cement capacity near Bilbao, Spain, and operates Southern Cement in Ipswich, England. |
Cementos Portland books capital gain from stake swaps, Spain28 February 2013, Published under Cement NewsSpain-based cement producer Cementos Portland Valderrivas has booked a capital gain of EUR115.6m following the asset swap of its shareholding in Cementos Lemona for Cementos Uniland with CRH. The capital gain was divided into two lots: the first, totalling EUR100m, came from the exchange of the shares owned by Portland in Lemona for a 26.3 per cent stake in Uniland. The other EUR15.6m came from the sale of Cementos Portland's 100 per cent ownership in the capital of UK cement terminal So... |
CRH chief announces retirement by end-2013, Ireland28 February 2013, Published under Cement NewsCRH plc, the international building materials group, announces that Myles Lee, Group chief executive, has confirmed to the board his intention to retire from CRH at the end of 2013 having reached the age of 60, and following completion of a five year term as chief executive and 10 years as an executive director. Myles joined CRH in 1982, joining the Board in November 2003 as Finance Director, later becoming Chief Executive in January 2009. Commenting on the news, the Chairman Nicky Har... |
CRH boosts American profitability27 February 2013, Published under Cement NewsCRH's turnover improved by 3.2 per cent last year to €18,659m while the EBITDA was off by one per cent to €1640m. There were 36 acquisitions during the year and the outlook for acquisition opportunities is deemed positive. Trading profit declined by three per cent to €840m and after other charges, including a net interest charge 12.7 per cent higher at €258m and a €230m gain on disposals, compared with €55m in 2011, the pre-tax profit declined by 5.2 per cent to €674m. Excluding exceptional ... |
CRH and Cementos Portland Valderrivas confirm asset swap agreement26 February 2013, Published under Cement NewsCRH plc and Cementos Portland Valderrivas SA have reached agreement on an asset swap in relation to certain Spanish assets, effective immediately. The deal involves operations in Spain and the UK. CRH said in a statement that it will transfer its 26 per cent stake in Corporacion Uniland SA to CPV. In consideration, CPV will transfer its 99 per cent stake in Cementos Lemona SA to CRH. Cementos Lemona is an integrated cement, ready-mix and aggregates business located close to Bilbao ... |
Mixed results for Ukrainian producers15 February 2013, Published under Cement NewsTwo of Ukraine’s leading cement producers have reported a mixed set of full year 2012 results. Volyn Cement ended 2012 with a net profit of UAH4.032m, according to preliminary data published by Ukrainan News. In 2011, it saw its net revenues up 50.72 per cent or UAH 219.35m to UAH651.838m, comparing with 2010. Volyn Cement is a subsidiary of Dyckerhoff of Germany and operates two integrated works with a combined capacity of 3Mta. Podilskyi Tsement reported a loss of UAH101.418m for ... |