Cement News tagged under: CRH
CRH first-half development spend EUR0.25bn03 July 2012, Published under Cement NewsCRH plc has completed 18 acquisition and investment initiatives undertaken during the first-half of 2012. The 18 transactions, comprising five in Europe and 13 in the Americas, bring first-half development spend for the Group to approximately €0.25bn, the group said in a development strategy update today. The European deals amounted to an investment of EUR155m. These transactions include a significant addition in Germany to the company’s RMI-oriented Shutters & Awnings business and two ac... |
CRH06 June 2012, Published under Cement NewsCRH's underlying sales improved by about 2% during the first four months of the year, with North America benefiting from comparatively favourable weather conditions, while the opposite was a case in Europe, which suffered from a harsh winter, particularly in February. Thirteen acquisitions or major investments were undertaken in the period for a cost of about €230m, compared with €135m spent in the same period last year. Heavy building materials volumes were well ahead in Ukraine, an... |
Irish Cement workers reach settlement, Ireland21 May 2012, Published under Cement NewsWorkers at Irish Cement, a subsidiary of CRH, on Friday voted to accept proposals agreed between the company and worker representatives which provides a settlement to the dispute at plants in Castlemungret, Co. Limerick and Platin, Co. Meath. SIPTU Organiser, Karan O'Loughlin, said: "The workers have voted by a large majority to accept the proposals agreed between worker representatives and the company following a mediation process overseen by an independent chairman. "The implementati... |
CRH transfers Secil shares to Semapa, Portugal16 May 2012, Published under Cement NewsCRH has transferred its 49% shareholding in Secil, the Portuguese cement producer, to Semapa, its former joint venture partner, the Irish-based building materials company said in a statement. The transfer is pursuant to a call option exercised by Semapa and confirmed by an award issued by an Arbitral Tribunal in Paris, functioning under the Rules of Arbitration of the International Chamber of Commerce (ICC), at a valuation of €574m. The net proceeds received by CRH amount to €564.5m and re... |
CRH to begin conciliatory talks, plans to increase China stake10 May 2012, Published under Cement NewsIrish Cement, a subsidiary of CRH, will begin talks today with representatives of 100 workers who have been on strike for almost five weeks, the Irish Times reports. Staff at Irish Cement plants in Castlemungret, Co Limerick, and Platin, Co Meath, have been on strike now for almost a month over payments worth €5500-€9500 to each worker. The staff and their trade union, Siptu, say a Labour Court ruling obliges the company to pay them the cash. However, Irish Cement says the payments are tie... |
CRH is ahead in America but suffered from adverse weather in Europe09 May 2012, Published under Cement NewsCRH's underlying sales improved by about 2% during the first four months of the year, with North America benefiting from comparatively favourable weather conditions, while the opposite was a case in Europe, which suffered from a harsh winter, particularly in February. Thirteen acquisitions or major investments were undertaken in the period for a cost of about €230m, compared with €135m spent in the same period last year. Heavy building materials volumes were well ahead in the Ukraine, ... |
Irish Cement are ‘starving’ workers04 May 2012, Published under Cement NewsManagement at Irish Cement have been accused of attempting to “starve people to go back to work”, as some 50 men in Limerick maintain their picket for the fourth week of the official strike. Staff locally say they are now attempting to freeze their mortgage payments with the banks, as they are living on less than €200 strike pay per week. The staff at the Castlemungret plant are owed between €5500-9500 each in increments, with the Labour Court recommending five months ago that the sum be ... |
CRH03 May 2012, Published under Cement NewsCRH has to sell of its 49% stale in the Portuguese cement producer Secil as Semapa has decided to exercise its option to purchase CRH's holding in accordance with last year's arbitration award. The sale is to take place on the 15 May and includes Secil's interests in Tunisia, the Lebanon and Angola. |
Irish Cement workers to vote against CRH directors26 April 2012, Published under Cement NewsIrish Cement workers will use their voting rights as shareholders in CRH to oppose the re-election of the company's existing directors at its Annual General Meeting (AGM) scheduled for 9 May 2012. The workers are in the fourth week of their strike action at production plants owned by Irish Cement Ltd which is a wholly owned subsidiary of CRH. The dispute concerns the company’s refusal to honour a Labour Court recommendation relating to the payment of outstanding monies due to its emplo... |
CRH: Semapa intends to acquire CRH's 49% in Secil26 April 2012, Published under Cement NewsCRH reported that Portuguese conglomerate Semapa will acquire the company’s stake in their cement and ready mixed concrete joint venture Secil next month. In August last year an Arbitral Tribunal in Paris, functioning under the Rules of Arbitration of the International Chamber of Commerce (ICC), decided that CRH and Semapa were obliged to complete the sale and purchase of CRH’s 49% shareholding in Secil at an equity price of EUR574m. In accordance with this ruling, Semapa has notified ... |