Cement News tagged under: Ireland
Irish Cement AF proposal receives backlash10 November 2016, Published under Cement NewsWillie O’Dea, technical director or Fianna Fáil (Irish political party) has accused Irish Cement of “an illegitimate and wrongful attempt” to influence a planning decision after company bosses insinuated that it may not have a future in the region should its plans to switch to alternative fuels be blocked. Irish Cement’s EUR10m proposal will apparently secure the future of 80 jobs and see fossil fuels gradually phased out over ten years, to be replaced with the burning of tyres and waste ... |
Ireland: cement firms make windfall profits from ETS permits18 April 2016, Published under Cement NewsCRH, Lagan Cement and Quinn Cement have together made EUR128m (US$145m) through the sale of permits under the EU emissions trading scheme (ETS). On Sunday, the Irish Independent reported that the three firms were allocated credits on the basis of a prediction that demand would rise by 30 per cent between 2007 and 2012. The impact of the financial crisis instead caused demand to drop by over 60 per cent, allowing the companies to sell off their un-needed carbon credits. Donal O'Riain o... |
CRH boss Ireland’s best-paid CEO18 April 2016, Published under Cement NewsAlbert Manifold, chief executive of CRH, is Ireland's best-paid CEO, earning EUR5.53m a year (US$6.25m) according to a survey by the Sunday Independent. Mr Manifold earns over EUR1m more than the next best-remunerated boss, Kerry Group’s Stan McCarthy. CRH has expanded rapidly in recent years, taking on debt to purchase assets from LafargeHolcim as the latter shrank down its operations to satisfy regulators. CRH is now thought to be less keen on acquisitions as it works to integrate it... |
Ecocem to invest EUR5m in two UK terminals21 March 2016, Published under Cement NewsIreland-based Ecocem will open a new terminal at Runcorn, on the Manchester Ship Canal, to help the company import into the UK, and plans a second terminal later this year in the southeast of the country. The two terminals represent an investment of EUR5m. The closure of steel plants and coal-based power stations in the UK has led to a decreased supply in key raw materials for blended cements such as Ecocem’s ground granulated blast furnace slag (GGBS) cement and together with a fall in U... |
Irish Cement's AF plans opposed by local Green Party17 March 2016, Published under Cement NewsIrish Cement’s plans to convert its Limerick plant to burn alternative fuels have run into opposition from the local Green Party. Earlier in March, the CRH group company said it was seeking approval from Limerick City and County Council to burn used tyres as well as shredded plastics. However, this has been opposed by the Green Party’s James Gaffney, who unsuccessfully stood in the Irish parliamentary elections for Limerick City in February. Mr Gaffney told the Limerick Leader that h... |
Irish Cement applies for AF burning planning permission08 March 2016, Published under Cement NewsIrish Cement has formally applied for planning permission to burn alternative fuels at its plant in Limerick, according to local press reports. The CRH group company is seeking approval from Limerick City and County Council to burn used tyres as well as shredded plastics. As part of the development, the company is planning to construct a tyre storage area with a tyre handling/separation area and an associated conveyor, the report by the LImerick Leader noted. |
CRH full-year sales 25% ahead03 March 2016, Published under Cement NewsCRH's turnover rose by 25 per cent in 2015 to EUR23,635m while the EBITDA advanced by 35.2 per cent to EUR22198m. The trading profit increased by 39.3 per cent to EUR1277m. The net interest charge rose by 19.9 per cent to EUR295m and there was a EUR101m gain on disposals, compared with EUR77m in 2014, which led to a pre-tax profit 35.7 per cent higher at EUR10331m. The net attributable profit was 24.4 per cent ahead at EUR724m. Net debt at the end of December was 57.3 per cent higher at EU... |
Quinn Cement signs agreement for new cement silos02 March 2016, Published under Cement NewsQuinn Cement (NI) Ltd and Warrenpoint Harbour Authority (WHA) have signed contracts, which will see the construction five new cement silos at Warrenpoint Harbour, with a total storage capacity of 7500t dedicated to the export of bulk cement from the Quinn Cement operations in Ireland. The 10-year renewable agreement between Quinn Cement and WHA involves a GBP2.5m investment by Quinn. Work on the project is due to commence immediately with completion expected in September of this year. Qui... |
Irish Cement to burn used tyres at Limerick works07 December 2015, Published under Cement NewsIrish Cement will burn used tyres at its cement plant in Limerick plant. The Irish Examiner reported that the company plans to switch to dry waste material such as rubber from used tyres and plastic to fuel the kiln at the Castlemungret plant which will cut costs, make the plant cleaner and more competitive, according to the company. A spokesman for Irish Cement said they will shortly be lodging a planning application with Limerick City and County Council for the replacement of fossil fuel ... |
CRH reiterates 2015 guidance19 November 2015, Published under Cement NewsCRH reported that its third-quarter trading environment benefitted from continued positive momentum in the Americas where overall economic recovery is driving construction demand. The backdrop in Europe continues to be mixed but stable. Cumulative sales from continuing operations amounted to EUR15.5bn the nine months to the end of September, an increase of 16 per cent compared with the corresponding period in 2014. EBITDA from continuing operations was EUR1.5bn, an increase of 34 per cen... |