Cement News tagged under: CRH
CRH announces board update04 March 2019, Published under Cement NewsCRH has announced that Don McGovern will step down from its Board of Directors on 25 April 2019, after serving two three-year terms. "On behalf of the board I would like to thank Don for his commitment to CRH over his six years on the board, and in particular for his service as senior independent director and as chairman of the remuneration committee. We wish him every success in the future," said Nicky Hartery, chairman of the company. |
CRH sees 31% hike in group net profit in 201828 February 2019, Published under Cement NewsCRH reported a six per cent increase in sales revenues to EUR26.79bn in 2018 from EUR25.22bn in 2017. The company’s EBITDA advanced seven per cent to EUR3.365bn in 2018 when compared with EUR3.146bn the previous year. Group net profit jumped 31 per cent to EUR2.521bn from EUR1.919bn in the year-ago period. The company attributes the robust results to strong financial discipline with EUR2.4bn operating cash flows from continuing operations and a year-end net debt-EBITDA ratio of over 2.1 t... |
Cevian Capital announces stake in CRH06 February 2019, Published under Cement NewsEurope's largest activist investor, Cevian Capital, has announced that it has built up a stake in CRH to become its second-biggest individual investor. "The group has many strong positions in attractive markets and we are convinced that CRH's assets could become significantly more valuable," Christer Gardell, managing partner of Cevian, disclosed to Reuters. The exact size of Cevian’s holding is unknown, however a stake of almost three per cent, worth around EUR600m, would be necessary t... |
Romanian cement market valued at EUR650-700m in 201830 January 2019, Published under Cement NewsThe value of the Romanian cement market is estimated between EUR650m-700m (US$743m-800m) and is primarily supported by three large players: LafargeHolcim, HeidelbergCement and CRH. The three cement majors reported around RON3bn in total sales in 2018, representing a YoY rise of 10 per cent. LafargeHolcim’s Romanian operations were valued at EUR633m, followed by CRH (EUR469m) and HeidelbergCement (EUR410m). |
Cement companies show positive performance in CDP ranking28 January 2019, Published under Cement NewsInternational organisation CDP has released its annual ‘A List’ which names the world’s leading businesses and scores them on their approach to climate change, water security and deforestation. The ranking is from A to D-, with F indicating a failure to provide sufficient information to be evaluated. The score assesses the level of detail and comprehensiveness of the response to CDP’s questionnaire, as well as the company's awareness of climate change issues, management methods and progres... |
Republic Cement to commission two new cement mills in 201924 January 2019, Published under Cement NewsPhilippines-based Republic Cement Services Inc (RCSI) plans to commission two finish mills this year, adding 2Mta to its 7Mta current capacity. The investment is estimated to have cost in the region of US$20m for each finish mill. "This year we will increase our grinding capacity and at the end of this year, we will commission two new finish mills which will somehow give an output of a bit more 50 million bags," said Nabil Francis, president, RCSI. "At the end of this year the total cap... |
CRH completes third phase of share buyback31 December 2018, Published under Cement NewsCRH has completed the third phase of its share buyback programme . Between 27 November and 21 December 2018, 4.1m ordinary shares were repurchased on the London Stock Exchange, bringing total cash returned to shareholders under the ongoing EUR1bn share buyback programme to EUR800m. The company also announced that it has entered into arrangements with UBS AG, London Branch (“UBS”) to repurchase ordinary shares on CRH’s behalf for a maximum consideration of EUR... |
CRH launches phase three of share buy-back21 November 2018, Published under Cement NewsOn 25 April 2018 CRH plc announced its intention to buy back ordinary shares of up to EUR1bn in the following 12 months. Having completed buy back phases one and two, returning EUR700m to shareholders the third buy back phase is now in operation to repurchase ordinary shares for a maximum consideration of EUR100m. The Phase 3 Programme will commence today, 20 November 2018, and will end no later than 31 December 2018. Under the terms of the Phase 3 Programme, ordinary shares will be repurc... |
Romania's Competition Council launches cement market investigation25 October 2018, Published under Cement NewsRomania's Competition Council (RCC) is investigating possible anti-competitive practices between the three domestic market cement producers – Holcim Romania, CRH Ciment Romania and HeidelbergCement Romania. It is reported in the Romania Insider that the three companies are suspected of having split the local market in terms of market shares, product offer, production sales levels, technical development and investments. The investigation will also look at possible price-fixing starting from ... |
CRH completes Phase 2 of share buy-back22 October 2018, Published under Cement NewsCRH has completed the second phase of its share buy-back programme, returning a further EUR350m of cash to its shareholders. Between 29 August and 18 October, 12.5m ordinary shares were repurchased on the London Stock Exchange and Euronext Dublin at an average discount of 1.3 per cent to the volume weighted average price over the period. This brings total cash returned to shareholders under the ongoing EUR1bn share buy-back programme to around EUR700m. "The remaining portion of our buy... |