Cement News tagged under: CRH

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CRH 2016 gross profits up 69%

01 March 2017, Published under Cement News

CRH released its 2016 results with its gross profits at EUR1741m up by 69 per cent on its EUR1033m in 2015. Operating profits were also up EUR2027m, as against EUR1277 a year earlier. CRH announced that margins and revenues were ahead in all business divisions and sales of building materials amounted to EUR27.1bn, 15 per cent ahead of 2015. Meanwhile, EBITDA was up 41 per cent to EUR3.1bn, and EBITDA margin was 11.5 per cent up from 9.4 per cent in 2015. The group recorded cash inflow ...

A burning success

30 November 2016, Published under Cement News

A new multi-fuel burner has enabled CRH’s Rohoznik plant in Slovakia to further increase its alternative fuel substitution rate. The cement works raised its solid recovered fuel (SRF) use to 80 per cent thanks to the new jetflex burner supplied by FLSmidth. By Mads Nielsen and Carsten Damslund Jensen, FLSmidth, Denmark. The JETFLEX ® kiln burner has been in operation at CRH Rohoznik since early February 2016 and is enabling the cement plant to increase thermal substitution rates ...

CRH revenues rise to US$22bn on stronger US construction activity

17 November 2016, Published under Cement News

In a trading update covering the first nine months of 2016, CRH announced that its sales revenues had reached EUR20.4bn (US$21.9bn) with improved performances in its European, Asian and American operations. On a pro forma basis, accounting for new revenues generated by acquisitions from LafargeHolcim, sales were six per cent higher in the year to September 2016 than they had been in the same period in 2015. The firm’s EBITDA improved by a greater margin – 14 per cent – reaching EUR2.4bn f...

USA: CRH share price rises on Trump's election

10 November 2016, Published under Cement News

CRH's shares shot up by eight per cent on the Irish Stock Exchange (Iseq) yesterday on the back of Donald Trump's US Presidential win adding EUR2bn to the company's market capitalisation, valuing it at EUR26.8bn.   CRH's shares soared to a more than nine-year high after Mr Trump confirmed in his acceptance speech that he intends pumping money into US infrastructure projects, including roads, airports and hospitals. CRH is the largest producer of asphalt and the third-largest producer of con...

Visible cracks

10 October 2016, Published under Cement News

Over the last 18 months CDP has analysed sectors ranging from electric utilities and automotive manufacturing to extractives and has benchmarked how leading players manage climate risks and opportunities. In June it was the turn of the cement sector, as CDP published ‘Visible Cracks’, its first report for investors on the global cement industry. This publication revealed how differently companies in the sector are preparing for the transition to a low-carbon economy. By Tarek Soliman and Cha...


02 September 2016, Published under Cement News

CRH's first-half turnover advanced by 35 per cent to EUR12,693m and  EBITDA more than doubled to EUR1120m, with the underlying increase being 20 per cent. The trading profit rose from EUR189m to EUR588m and after a net interest charge 28.1 per cent higher at EUR178m, the pretax profit jumped from EUR63m to EUR407m.  The net attributable result improved from EUR46m to EUR279m. Net debt at the end of June was around EUR7100m, compared with EUR1212m, giving a gearing level of 56.5 per cent, whi...

CRH more than doubles EBITDA to EUR1.12bn in 1H16

25 August 2016, Published under Cement News

CRH plc announces that its 1H16 sales increased by 35 per cent to EUR12.7bn and EBITDA more than doubled on the same period a year ago to EUR1.12bn. Building material sales rose on a proforma basis by eight per cent on 2015, including an increase of 13 per cent in the Americas, three per cent up in Europe and four per cent ahead in Asia. After depreciation and amortisation charges of EUR532m (1H15: EUR366m), first-half operating profit amounted to EUR588m (1H15: EUR189m). Americas Ce...

CRH changes its segmental reporting structure

08 August 2016, Published under Cement News

Following the significant acquisition activity undertaken during 2015, CRH has made some adjustments to its segmental reporting structure. The LafargeHolcim assets acquired in 3Q15 have been fully integrated into the group and will be reported as part of Europe Heavyside, Americas Materials and a newly created Asia reporting segment in the company's 2016 Interim results announcement on Thursday, 25 August 2016.

CRH hires new manager for Romanian operations

01 August 2016, Published under Cement News

CRH Romania has appointed Gustavo Navarro as its new general manager. The company has been operating without a general manager for almost a year after Costin Borc left the position last year to join the government as Economy Minister. Mr Navarro has 12 years experience in top management positions in the construction industry, with appointments in southeastern Europe and Russia. He acted as CEO for Holcim’s operations in Serbia and Russia and was a board member at Holcim Romania between 20...

CCPC seeks Supreme Court decision on Irish Cement

18 July 2016, Published under Cement News

The Competition and Consumer Protection Commission (CCPC) will directly appeal to the Supreme Court a High Court decision r estraining it from using certain material seized during a dawn raid of CRH subsidiary Irish Cement. Mr Justice Max Barrett ruled in April that the CCPC was not entitled to access, review or use material in a crh.com email account of CRH executive Seamus Lynch that was unrelated to Irish Cement. The CCPC has been granted leave by the Court of Appeal to take the...