Cement News tagged under: CRH

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Florida: bolder, brighter, better

24 May 2021, Published under Cement News

Like all US states, Florida has been badly hit by the COVID-19 pandemic with tourist numbers plummeting as borders shut and lockdown measures were imposed. But pent-up demand in the housing market, strong infrastructure spending and a robust construction sector should deliver a notable uptick in cement consumption in 2021-23. Florida has been badly affected by the COVID-19 pandemic with tourist numbers in freefall. However, a brighter future lies ahead Florida’s US$1trn econo...

CRH releases 1Q21 trading update

28 April 2021, Published under Cement News

CRH has released a trading update ahead of its annual general meeting, which takes place tomorrow. The company has seen sales rise three per cent on a like-for-like basis in the first quarter of 2021, on the back of strong underlying demand and pricing progress across its key markets. "We had a positive start to the year in a seasonally quiet period for our business with good underlying demand and pricing progress across our key markets. While near-term uncertainties remain, we expect firs...

The search is on for new investors in Brazil's cement sector

23 April 2021, Published under Cement News

Brazil's cement market has been the focus of much attention in recent weeks firstly, with the completion of the CRH cement assets in the country to Companhia Nacional de Cimento (CNC), and more recently the unconfirmed reports that Banco Itau BBA is preparing to advise on the divestment of LafargeHolcim's Brazilian unit.  The sale of the Swiss multinational's cement interests in Brazil is expected to raise up to US$1.5bn, according to analysts  UBS European Building Materials . These fund...

CRH to change name of subsidiary to Romcim

23 April 2021, Published under Cement News

CRH will change the name of its Romanian subsidiary to Romcim from 5 May. The name change is in keeping with the group’s strategy to operate trusted local brands in each of its markets, according to a press release. "Romcim is an iconic brand in the Romanian construction industry and feels like ‘family’ for generations of home builders, employees and the communities we operate in. Romcim is in our company’s DNA and is a solid foundation for the sustainable contribution we want to make to bu...

Brazilian Companhia Nacional de Cimento completes the purchase of CRH Brasil assets

19 April 2021, Published under Cement News

The Brazilian antitrust authority, CADE, in accordance to the agreement disclosed on 26 October 2020, has confirmed Brazilian Companhia Nacional de Cimento’s (CNC) purchase of all the businesses of the CRH group operating in Brazil (CRH Brasil and its subsidiaries). CNC is a wholly-owned subsidiary of BCPAR, holding company in which Buzzi Unicem owns 50 per cent of the share capital in a joint venture with Grupo Ricardo Brennand. The consideration paid takes into account the price originall...

CRH appoints new non-executive director to the Board

26 March 2021, Published under Cement News

CRH 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...

CRH Magyarország Kft receives Domestic Product certification in Hungary

03 February 2021, Published under Cement News

CRH Magyarország Kft's concrete products have won Domestic Product certification in Hungary. The Domestic Product trademark is well-known and recognised among Hungarian consumers. Locally-manufactured products with at least 50 per cent Hungarian raw materials can apply for Domestic Product certification, which in addition to Hungarian origin, also represents reliable quality. CRH Magyarország, besides being a member of the international CRH Group, represents a significant local force in...

Tarmac signs SRF agreement with Eco-Power Environmental

22 January 2021, Published under Cement News

Eco-Power Environmental has agreed a deal to provide solid recovered fuel (SRF) pellets to Tarmac's Tunstead cement kiln in Derbyshire, UK. Eco-Power Environmental has become the first fully-operational, commercial-scale SRF pellet production facility in the UK, following a GBP15M investment in its 125,000tpa facility in Humberside. SRF pellets are manufactured using the non-recyclable residues from dry mixed recycling (DMR) facilities and provide a highly sustainable and cost-effective a...

CRH posts 2% rise in EBITDA for 9M20

25 November 2020, Published under Cement News

CRH 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 CEO

19 November 2020, Published under Cement News

CRH 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...