Cement News tagged under: CRH

RSS feed

WBA claims few science-based biodiversity assessments are carried out

06 December 2022, Published under Cement News

The World Benchmarking Alliance’s (WBA) new Nature Benchmark has analysed around 400 companies on their operations impact on nature and biodiversity, including many from the construction and mining sector.   The top 10 construction material companies have been ranked 1-10 for their reduced impact on nature and biodiversity: 1. Holcim , 2. CEMEX , 3. Siam Cement Group , 4. Owens Corning, 5. CRH , 6. Cementos Argos , 7. Heidelberg Materials , 8. Saint-Gobain , 9. Asia Cement Corp ,...

Quarterly results propped up by steep price increases

25 November 2022, Published under Cement News

The latest quarterly results reveal that cement producers are increasingly turning to price rises to offset the ongoing jump in energy costs, while they struggle to maintain margins. In addition to price increases, companies are reviewing their energy portfolios, fuel types and accelerating the shift to alternative fuels. In Indonesia PT Indocement  saw its energy costs reach 50 per cent of total production cost in the third quarter of 2022, prompting the company to implement three price...

CRH sees sales advance 13% YoY in 9M22

22 November 2022, Published under Cement News

In the opening nine months of 2022, CRH plc has seen its sales advance by 13 per cent YoY to US$24.4bn. Over the same period, EBITDA has improved by 14 per cent to US$4.2bn, while the EBITDA margin is up 10bps to 17.1 per cent. According to the company, the positive momentum experienced in the first half of the year continued into the third quarter, driven by resilient demand, strong pricing and continued delivery from its integrated solutions strategy. Third quarter sales in Americas M...

Thomas Gruppe acquires Opterra Zement GmbH and Opterra Beton GmbH

24 October 2022, Published under Cement News

Thomas Gruppe has confirmed the acquisition of Opterra Zement GmbH and Opterra Beton GmbH (east Germany), which have been owned by CRH Plc since 2015 as part of the pre-merger bulk acquisition of certain Lafarge and Holcim assets.  CIC-Market Solutions estimates Opterra's cement sales to be close to EUR110m. The transaction amount has not been disclosed but is unlikely to exceed EUR200m. CRH previously tried to sell this asset to Schwenk Zement KG in 2017 (transaction value of the m...

Shell and CRH sign decarbonisation agreement

07 October 2022, Published under Cement News

Shell and CRH have signed a memorandum of understanding (MOU) whereby both businesses will work together to develop and deploy decarbonisation solutions and technologies to accelerate their progress towards net zero emissions. The agreement will see Shell and CRH work together to explore decarbonisation opportunities across transport, operations, and materials. The solutions include, but are not limited to, vehicle electrification and charging infrastructure to reduce transport emiss...

CRH completes latest phase of buyback programme

20 September 2022, Published under Cement News

CRH plc has completed the latest phase of its share buyback programme, returning a further US$0.3bn of cash to shareholders. Between 16 June 2022 and 19 September 2022, 8.2m ordinary shares were repurchased on Euronext Dublin at an average discount of 0.93 per cent to the volume weighted average price over the period, according to the company. This brings the total cash returned to shareholders under its ongoing share buyback programme to US$3.8bn since it began in May 2018. CRH has als...

CRH welcomes John Lydon as director of group development

07 September 2022, Published under Cement News

CRH has appointed John Lydon as its new director of group development. Mr Lydon joins the building materials group from stockbroking firm Davy where he was head of capital markets. According to The Irish Times, while at Davy he was an influential adviser to some of the largest Irish corporate groups, including CRH, on mergers and acquisitions and capital raising. Prior to joining Davy in December 2014, Mr Lydon was a leading corporate finance executive with Deutsche Bank in Asia. He ...

CRH posts 14% YoY increase in sales in 1H22

25 August 2022, Published under Cement News

CRH has reported a 14 per cent YoY increase in sales to US$15bn in the first half of 2022. EBITDA over the same period has improved by 21 per cent to US$2.2bn, with the EBITDA margin gaining 90bps to 14.7 per cent. Earnings per share have advanced by 36 per cent to US$1.21. First-half profit after tax came in at US$0.9bn, up 29 per cent YoY “CRH has delivered another strong performance with further growth in sales, EBITDA and margin despite a challenging and volatile cost environment. T...

Andrew Keating leaves CRH

29 July 2022, Published under Cement News

Andrew Keating, previously director of group finance at CRH, has left the company. The former Bank of Ireland chief financial officer joined the building materials company three years ago, reporting to Jim Mintern. Mr Keating reportedly left CRH at the end of June this year to pursue other opportunities, reports The Irish Times. 

CRH subsidiary adopts graphene technology additives

11 July 2022, Published under Cement News

Beton Catalan SA ( CRH group ), has implemented graphene technology in its high performance concretes to reduce CO 2 after an agreement with Graphenano Smart Materials. The application of a graphene-based additive improves both mechanical performance and durability as well as giving "clear environmental advantages by reducing the concrete's carbon footprint," explained Beton Catalan Quality Director, Alberto Arenillas.   The company has already incorporated these technologically adva...