Cement News tagged under: Ireland
CRH continues share buyback programme30 June 2021, Published under Cement NewsCRH is continuing its share buyback programme by entering into an arrangement with Societe Generale, which will repurchase ordinary shares on the group’s behalf for a value up to US$300m. The buyback will begin today and is expected to complete by 1 October 2021. The programme is intended to reduce the share capital of CRH. |
Ecocem Materials announces EUR22.5m equity investment07 May 2021, Published under Cement NewsIreland’s Ecocem Materials has announced an EUR22.5m equity investment by Breakthrough Energy Ventures (BEV) and Breakthrough Energy Ventures Europe. BEV will also nominate a director to the company’s board. The investment will enable Ecocem to bring new ultra-low-carbon cements to the market over the coming years, which will draw on its deep knowledge of slag-based cements and incorporate new materials and technologies developed by the company, according to a press release. "Everyone at E... |
CRH appoints new non-executive director to the Board26 March 2021, Published under Cement NewsCRH plc has appointed Ms Caroline Dowling to the Board as a non-executive director, with effect from 22 March 2021. Ms Dowling (54), an Irish citizen, was until her retirement in February 2018 a Business Group President of Flex, an industry-leading Fortune 500 company with operations in 30 countries. Commenting on the appointment, Richie Boucher, chairman of CRH, said: "We are delighted that Caroline has joined the Board. Caroline has extensive operational experience as a sen... |
Breedon trading exceeds expectations21 December 2020, Published under Cement NewsBreedon, a leading construction materials group in Great Britain and Ireland, today issued an update on recent trading. The Group’s recent trading update, published on 18 November 2020, noted continuation of positive trading into the fourth quarter. Since then, the company said performance has continued to exceed expectations across the group, with revenues in November ahead of the prior year, on a like-for-like basis. "This strong trading performance has continued into December, in part... |
CRH posts 2% rise in EBITDA for 9M2025 November 2020, Published under Cement NewsCRH has reported a three per cent like-for-like (LfL) decrease in its sales to US$20.6bn for the nine-month period to the end of September 2020, maintaining the level of sales decline reported at the half-year stage. Despite the lower sales, EBITDA for the period was US$3.4bn, up two per cent on a LfL basis. This reflected a continued focus on cost rationalisation and mitigating actions to minimise the financial impacts of lower sales caused by the pandemic. The group reported US$65m of non... |
CRH pays tribute to former CEO19 November 2020, Published under Cement NewsCRH has paid tribute to Jim Culliton, a former CEO of the company, who passed away on Monday. Mr Culliton was a significant figure within several important Irish companies during the second half of the twentieth century, including spending 13 years as CEO of CRH. He joined what was then known as Roadstone in 1950 and eventually led the merged Cement Roadstone Holdings (CRH) to a dominant position in the Irish market, also starting the international expansion that made the company a multin... |
CRH's Group Finance Director to retire01 October 2020, Published under Cement NewsSenan Murphy intends to retire from his position as CRH's Group Finance Director during the course of 2021. The board is initiating a process to identify a successor and will make an announcement once the process is completed. Senan will continue in his role until a successor is identified and to ensure a smooth transition. He will remain as an adviser to the company post transition. Group Chief Executive, Albert Manifold said: "As Group Finance Director, Senan's experience and insights... |
Quinn Industrial Holdings to change name to Mannok28 September 2020, Published under Cement NewsQuinn Industrial Holdings and the Quinn Building Products and Quinn Packaging brands are rebranding to Mannok after tthe culmination of a five-year transformation programme and investment programme. "We are extremely pleased to unveil Mannok as our new brand identity, which we believe better reflects the ownership, evolution and future focus of our business. It marks a major milestone for us following a five-year transformation programme that has empowered our staff and repositioned our bu... |
CRH revenues expected to recover in 3Q2028 August 2020, Published under Cement NewsFollowing the release of CRH's 2020 interim results last Friday, ICR now takes a deeper look at what the underlying trends have been for the company's trading performance during this challenging period. First-half sales for the group were five per cent behind, with like-for-like (LfL) sales three per cent behind the 1H20, as a positive performance in the first quarter was followed by significant disruption in the second quarter. EBITDA of US$1.59bn down when compared with 2019 (1H19: US$1.6... |
CRH sees EBITDA rise 2% in the 1H2021 August 2020, Published under Cement NewsCRH has released its unaudited results for the first half of 2020, showing a 4.9 per cent YoY decline in revenue to US$12.2bn from US$12.85bn in the 1H19. However, EBITDA edged up two per cent on a like-for-like (LfL) basis to US$1.59bn. Profit before tax for the 1H20 reached US$518m against US$717m last year, primarily reflecting a lower profit on divestments. "As a Group we took swift and comprehensive action in response to the COVID-19 crisis, and our ability to flex our cost base and ... |