Cement News tagged under: Ireland
CRH: acquisition and investment update, Ireland02 July 2013, Published under Cement NewsIrish building materials major CRH plc announced it has undertaken 17 acquisition and investment initiatives during the first half of 2013. These transactions, together with the acquisition of Cementos Lemona in Spain (acquired as part of the Uniland asset swap announced in February) and net deferred consideration payments, bring development spend for the first half of 2013 to approximately €470m. Proceeds to date from divestments and disposals, including the Uniland swap, amount to approxim... |
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... |
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 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 ... |
Quinn and Lagan call off merger plans18 February 2013, Published under Cement NewsLagan and Quinn Building Products have abandoned plans for their proposed joint venture. Last December, the two companies announced that they had signed a memorandum of understanding which would combine their cement and building products businesses based in Ballyconnell, Derrylin, Kinnegad, Belfast, Cork in Ireland and Benelux. Quinn Therm, Quinn Litepac, Quinn Tarmac and Lagan Sand were not included in this proposal. However, in a joint statement released on Friday, the two firms said... |
Lagan Group responds to threat over proposed merger15 February 2013, Published under Cement NewsThe Lagan Group has called in the Police Service of Northern Ireland (PSNI) to investigate the circumstances surrounding the receipt of a package containing a bullet which was addressed to the company’s Chief Executive, Kevin Lagan, the company said in a statement. Lagan Cement Group recently signed a memorandum of understanding with Quinn Building Products that may lead to a joint venture between the two groups which would combine their cement and building products businesses based in B... |
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... |
Call for higher tax on Irish cement sector windfall profits14 January 2013, Published under Cement NewsThe Irish cement industry is getting tens of millions of euro annually in windfall profits due to anomalies in the EU Emissions Trading Systems (ETS), according to the chief of an Irish producer. Donal O’Riain, CEO and founder of Ecocem, told the Irish Times that the the anomaly occurred because the domestic cement sector had lost 75 per cent of its demand since the peak years, yet the allocation of ETS credits to the sector was based on its historical sales levels. The anomali... |
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... |
Quinn to invest EUR15m in alternative fuels usage21 December 2012, Published under Cement NewsIreland-based cement producer Quinn Manufacturing has today announced a EUR15m investment to upgrade its Ballyconnell cement plant, which, when completed, will facilitate the use of alternative fuels thereby replacing coal as the primary fuel. The use of Solid Recovered Fuel will bring Quinn Cement cost of production more into line with its Irish and European competitors, the company said. |