Cement News tagged under: CRH
Portland Valderrivas explores sale of Cemento Lemona to CRH13 February 2013, Published under Cement NewsSpain’s Cementos Portland Valderrivas is currently considering the sale of its Basque subsidiary Cementos Lemona to the Irish multinational CRH. Yesterday, CRH directors visited the facilities of Prefabricades Lemona. This follows a visit last month to the Lemona’s quarries and cement plant, according to Spanish daily El País. Sources indicate that after months of negotiation, the acquisition process is in its final stages although there has been no confirmation of the sale yet. Portla... |
ABB wins energy optimisation contract from CRH01 February 2013, Published under Cement NewsABB has recently won a contract with CRH Europe Materials to provide process optimisation solutions for 12 of its plants in Europe and the US. CRH is a member of the World Business Council for Sustainable Development (WBCSD) Cement Sustainability Initiative. As such, the company has committed to a set of objectives covering issues such as CO2 and climate protection, emission protection and lower use of fuels and raw materials. Currently the data collection for calculating the required k... |
CRH – acquisition key to growth07 January 2013, Published under Cement NewsA development spending update released yesterday by CRH shows that growth through vertical integration continued to be a key strategy for the Irish building materials major through 2012. But with spending still subdued compared to 2006 peaks levels, will 2013 see the company step up its acquisition activity and which markets offer the potential for takeover opportunities? In its twice-yearly development statement, CRH said it closed 2012 with acquisitions and investments reaching almost EU... |
CRH04 January 2013, Published under Cement NewsCRH has announced it spent almost €630m on acquisitions and other development activity during 2012, of which €375m took place during the second half. Of that, €119m was spent in Europe and overseas and €256m in the Americas. Lemminkäinen Raakennustuotteet was purchased by CRH during September, adding 16 batching plants and eight concrete products plants with a total turnover of €85m. In December, CRH purchased the Manx assets of Cemex. It is the sole producer of sand and gravel on the Isle... |
CRH 's development spend reaches almost €630m in 201203 January 2013, Published under Cement NewsIn an update on its spending for the second half of the year, CRH said it had agreed 18 acquisition and investment initiatives of €375m. The transactions completed since the end of June bring full year 2012 development activity for the group to almost €630m. During the six month period, CRH said its Americas division agreed 12 deals worth a total of €256m. This included a majority stake in New Jersey's Trap Rock Industries and and also completed five other bolt-on transactions during the pe... |
Euroconstruct downgrades European construction forecasts16 December 2012, Published under Cement NewsEuroconstruct has reduced its forecasts for European construction output for both for this year and next, with a slow recovery expected for 2014. The forecasts released at its twice-yearly conference for the 19 countries under its coverage contain significantly reduced estimates compared to those published in June 2012. The research group now expects the volume of European construction output to decline by 4.7 per cent this year, 2.6 percentage points (pp) lower than it predicted six mont... |
CRH looks for new Nesher Cement CEO29 November 2012, Published under Cement NewsCRH is reviewing the candidacy of Moshe Kaplinsky for the position of CEO of Nesher Cement Enterprises following the departure of Joel Feldschuh announced earlier this week. Mr Kaplinsky is the former CEO of Better Place Israel. Mr Feldschuh announced on Monday that he will leave the company at the end of the year. His departure follows the sale in July of its controlling shareholder, Clal Industries and Investments Ltd to Len Blavatnik's Access Industries, by IDB Holding Corp. Ltd, contr... |
CRH cuts costs and eyes emerging markets21 November 2012, Published under Cement NewsCRH showcased a credible, bottom-up cost savings plan during its recent analyst day in London, UK. Cost savings are expected to offset more than 75% of the impact of lower volumes as the group presented an additional E450m of cost savings during 2012-15. “Targets appear achievable and weighted towards the heavy-side Materials businesses in Europe and the Americas, where logistics, procurement, back office efficiency and energy appear to be the key levers,” said JP Morgan in its latest res... |
CRH hopes US storm repair work will help its sales15 November 2012, Published under Cement NewsCRH expects to benefit next year from the devastation wreaked by Hurricane Sandy on the east coast of the US as reconstruction work gets underway. But the storm has also severely hampered its materials operations in the region. CRH said that disruption, coupled with ongoing weakness in some European markets, will result in earnings before interest, tax, depreciation and amortisation (EBITDA) in the last three months of 2012 below that achieved in the final quarter of 2011. Releasing an... |
Ireland: Judge steps aside over CRH share dealings15 November 2012, Published under Cement NewsA high court judge has stepped aside from a long-running dispute involving cement giant CRH, after a rival firm raised concerns about the judge's ownership of the company's shares. Mr Justice John Cooke, who returned to Ireland in 2008 after serving for 12 years as a judge in the European Court of First Instance, has been managing the bitter competition law case between Goode Concrete and CRH for two years. Mr Justice Cooke had already handed down three written rulings on preliminary issue... |