Cement News tagged under: Breedon Group Plc

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Breedon appoints Managing Director of GB Contracting

12 January 2021, Published under Cement News

Breedon Group has appointed James Haluch as managing director of its GB Contracting business. He will join in March and will report to the group's chief executive.   Mr Haluch has been MD of Highways & Waste Collections at Amey for the last five years. In all, he has nearly 30 years' experience in the contracting and highway services industry, including senior positions with Mouchel and EM (Kier) Highway Services, where he established and led the strategic highways business.  Pat Ward...

Breedon trading exceeds expectations

21 December 2020, Published under Cement News

Breedon, 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...

Breedon Group's revenues for 10M20 reach GBP750m

18 November 2020, Published under Cement News

Breedon has issued a scheduled trading update with group revenues in both September and October ahead of the same period in the prior year, on a like-for-like basis. As a result, the group saw revenues for the first 10 months of the year reach GBP750m (2019: GBP800m), including three months contribution from the former Cemex assets in the UK.   The board now expects the group's underlying EBIT for the full year to be at least GBP70m, which is ahead of current market expectations.     ...

Breedon disposes of 14 assets to Tillicoultry Quarries for GBP12.2m

09 November 2020, Published under Cement News

Breedon Group Plc is pleased to announce that it has agreed the disposal of certain assets to Tillicoultry Quarries Ltd for GBP12.2m on a cash and debt-free basis.     The 14 sites to be divested include 10 ready-mixed concrete plants and an asphalt plant and associated aggregates depot in England, and two quarries and a cement terminal in Leith, Scotland. The earnings of the assets being disposed of are not material to the Breedon Group.     Breedon is divesting these assets at the di...

Breedon announce Group CEO change

06 October 2020, Published under Cement News

Pat Ward has informed the Board at Breedon Group of his intention to retire as group CEO and a director of the company in 2021. It is anticipated that he will be succeeded by Rob Wood, Breedon’s group finance director.  Rob Wood has served as group finance director of Breedon since early 2014 and has been instrumental in its success. A search for a new group finance director is now underway.   Mr Ward has served as group CEO since the beginning of 2016 and has overseen a period of signif...

Breedon Group PLC announces GBP581m revenues for first eight months trading

17 September 2020, Published under Cement News

Breedon Group Plc delivered revenues for the first eight months of the year of GBP531m (2019: GBP624m), including a one-month contribution from its recently-acquired Cemex assets in the UK. The Board has reviewed the latest management forecasts and is now in a position to reinstate guidance for the 2020 financial year. Accordingly, Breedon Group currently anticipates delivering second-half underlying EBIT broadly in line with the 2H19, which would deliver a result in excess of the average ...

Breedon welcomes CMA announcement on Cemex asset acquisitions

10 September 2020, Published under Cement News

Breedon welcomes today's announcement from the Competition and Markets Authority (CMA) that it has reasonable grounds for believing that the undertakings offered by Breedon in connection with its completed acquisition of certain assets and operations from Cemex, or a modified version of them, might be acceptable. These undertakings will require the divestment of a small number of ready-mixed concrete plants and an asphalt plant in England, as well as two quarries and a cement terminal in S...

CMA raises competition concerns over Breedon and Cemex deal

26 August 2020, Published under Cement News

Breedon’s purchase of certain Cemex assets has raised competition concerns in the supply of building materials in some parts of the UK, the Competition & Markets Authority (CMA) has found. Breedon announced in January 2020 that it had agreed a GBP178m deal to buy approximately 100 Cemex sites, including aggregates quarries, ready-mixed concrete facilities, asphalt plants and a cement terminal, across the UK.   Following its initial Phase 1 investigation, the CMA found that the deal gives ri...

Breedon completes asset acquisition from Cemex

03 August 2020, Published under Cement News

Breedon has completed completion the acquisition of certain assets and operations from Cemex, as announced on 8 January 2020. As previously indicated, the Competition and Markets Authority (CMA) has instructed that these assets should be held separate from Breedon until it has completed its investigation. Accordingly, the assets will be operated as Pinnacle Construction Materials (Pinnacle), a newly-created ring-fenced business led by an independent management team and operating from its o...

Breedon Group sees revenue decline by 25% to GBP353.3m in 1H20

29 July 2020, Published under Cement News

Breedon Group Plc announced its interim (unaudited) results for the six months ended 30 June 2020 with revenue reaching GBP353.3m, representing a 25 per cent drop from GBP447.4m in 1H19. Breedon recorded cement sales of 0.8Mt in the 1H20, down from 1Mt in 1H19, while ready-mix sales declined to 1Mm 3 in the 1H20 from 1.5Mm 3 in the 1H19. Breedon also sold 8Mt of aggregates and 1Mt of asphalt in the period, down from 9.9Mt and 1.4Mt, respectively in the 1H19. Despite the COVID-19 lockdown ...