Cement News tagged under: Ireland
CRH completes latest phase of buyback25 September 2023, Published under Cement NewsCRH plc has completed the latest phase of its share buyback programme, returning a further US$1bn in cash to shareholders. Between 30 June 2023 and 22 September 2023, 17.7m ordinary shares were repurchased on Euronext Dublin and the London Stock Exchange. This brings total cash returned to shareholders under the company’s ongoing share buyback programme to US$6bn since its commencement in May 2018. CRH has also announced that it has entered into non-discretionary arrangements with Merrill... |
CRH gains AAA rating for ESG performance18 September 2023, Published under Cement NewsCRH has received an ‘AAA’ rating from MSCI Inc, a leading provider of critical decision support tools and services for the global investment community, for its environmental, social, and governance (ESG) performance. MSCI evaluates how companies manage their ESG risks and opportunities relative to peers, and CRH has been recognised as an industry leader. According to CRH, it has achieved an ‘AAA’ rating from MSCI every year since 2014, an achievement that remains unmatched in its secto... |
Breedon commits to being an Armed Forces-friendly employer14 September 2023, Published under Cement NewsUK-based Breedon has signed the Armed Forces Covenant as part of its focus on becoming a truly inclusive organisation. Since signing the covenant, the cement producer has been awarded the bronze award in the Defence Employer Recognition Scheme, demonstrating the success of its commitment to being an Armed Forces-friendly employer. Recognising the value that service leavers can bring to a business like Breedon, the group has put new policies in place to encourage former members of the ar... |
CRH boss third-highest paid CEO on the FTSE10023 August 2023, Published under Cement NewsThe CEO of Irish building materials giant CRH, Albert Manifold, has been ranked as the third-highest paid chief executive on the FTSE 100, according to a new report by the High Pay Centre. Mr Manifold was paid GBP10.38m (EUR12.1m/US$13m) last year for his role as chief executive of CRH , a position which he has held since 2014. His pay for 2022 was surpassed by only two other chief executives. The news comes as CRH is set to move its primary stock market listing to New York from London n... |
PCA announces 2023 Energy and Environment Award winners21 August 2023, Published under Cement NewsThe Portland Cement Association (PCA), which represents the majority of America’s cement manufacturers, has announced the winners of its 2023 Energy and Environment Awards. PCA Energy and Environment Awards are given to companies that have implemented outstanding environmental practices and have forged exemplary relationships with communities where their cement plants are located, says the PCA. Submissions from plants across the US were evaluated and recognised for environmental effort... |
CRH attracts new investors prior to US move17 August 2023, Published under Cement NewsCRH is attracting new investment prior to its move to the New York Stock Exchange in September this year. According to the Irish Independent, at least 26 hedge funds have announced new or expanded American depository receipts (ADRs) in CRH. In total, hedge funds bought a net 7.53m ADRs in CRH in the three months up to 30 June 2023, reports Bloomberg. Among the investors are Soros Fund Management, owned by billionaire George Soros, which now holds ADRs worth around US$20m, and Seth Klarma... |
FLSmidth and Mannok partner on SCM project15 August 2023, Published under Cement NewsFLSmidth and Ireland-based cement producer Mannok are partnering on a new decarbonisation research project to maximise supplementary cementitious materials (SCMs) in cement composition, using digitalisation and advanced predictive modelling. SCMs are expected to play a key role in the cement industry’s pathway to net-zero. Covering a range of materials, from natural pozzolans to calcined clay and industrial byproducts, SCMs have a lower-carbon footprint than traditional Portland clinker... |
CRH votes to move to New York Stock Exchange09 June 2023, Published under Cement NewsCRH shareholders have overwhelmingly approved the unanimous recommendation of the Board and management team to transition to a US primary listing on the New York Stock Exchange (NYSE). The group will retain a standard listing on the London Stock Exchange (LSE) and will de-list from Euronext Dublin. The changes are expected to take effect on or around 25 September 2023. “We believe a US primary listing will bring increased commercial, operational and acquisition opportunities for our bu... |
Ecocem appoints innovation project manager09 June 2023, Published under Cement NewsEcocem has appointed Jaouad Nadah as its new innovation project manager, responsible for the coordination of Ecocem’s ACT technology. Mr Nadah brings with him over 10 years’ experience in the construction sector, having previously held roles at Eqiom and Holcim , where his focus was on innovation in the low carbon cement market. Commenting on the appointment, Donal O’Riain, founder and group managing director at Ecocem, said, “The launch of our ACT technology last November marked a hug... |
Meeting the biodiversity challenge26 May 2023, Published under Cement NewsThis week saw the UN-sanctioned "International Day for Biological Diversity", dedicated to promoting its new theme "From Agreement to Action: Build Back Biodiversity". The next UN Climate Change Conference, COP 28, which takes place in Dubai, UAE at the end of the year will advance this agenda further, as well as take stock of the implementation of the Paris Agreement objectives for biodiversity. Recognition of biodiversity loss and the need to change damaging practices is a starting poin... |