Cement News tagged under: CRH

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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...

CRH releases 2015 sustainability report

04 July 2016, Published under Cement News

CRH has launched its 2015 Sustainability Report that covers 84 pages on how it approaches sustainability, health and safety, environment and climate change, governance as well as people and community.  In the 84-page report the company highlights that 1.6Mt of alternative fuels provided 30 per cent of its cement plant fuel requirements during 2015, while the company’s water intake has fallen by 65 per cent through recycling. CRH produced 33.5Mt of cement in 2015, 1.1Mt of lime, 270.3Mt of...

CRH reported to carry out due diligence on HeidelbergCement's US assets

28 June 2016, Published under Cement News

Ireland-based building materials giant CRH is reportedly among bidders for the US assets put up for sale by HeidelbergCement to appease competition authorities over its Italcementi acquisition. CRH and US company Summit Materials are among bidders chosen to carry out due diligence for US$600m of US assets, according to Bloomberg. In April CRH’s CEO Albert Manifold had already indicated that the group was interested in the Germany-based cement producer.

Romania: sales and profits increase

07 June 2016, Published under Cement News

For the year 2015 three major cement producers in Romania saw an increase in both sales and profits. Holcim Romania increased its sales by 15 per cent in 2015, achieving a turnover of EUR253m (US$287.5m). The company also reported a net profit of EUR29m, 81 per cent higher compared to 2014. HeidelbergCement reported sales of EUR118m and a net profit of EUR25m, up 19 per cent from the previous year. CRH Romania, which took over Lafarge’s local operations, surpassed competitor Heidelb...

Romania: CRH Ciment sees profits rise 40% in 2015

27 May 2016, Published under Cement News

The Romanian subsidiary of CRH, CRH Ciment, has released performance figures for 2015, reports Romania Insider. CRH Ciment saw turnover reach EUR189m (US$211m) in 2015, up 23 per cent YoY. Profits climbed faster still, reaching EUR30.1m, up 40 per cent YoY. The business was acquired by CRH from Lafarge as part of the divestment process that accompanied the formation of LafargeHolcim. Holcim Romania remains the largest cement producer in the country. 

CRH interested in HeidelbergCement US and Belgian units

28 April 2016, Published under Cement News

CRH has expressed an interest in acquiring HeidelbergCement’s US and Belgian assets. The Germany-based company is expected to divest in such units to comply with the requirements set by competition authorities for its acquisition of Italcementi. "US cement is of interest to us and we're fully aware of the asset that may spin out of the potential acquisition," Mr Manifold said. "With regards to Belgium, it's a prime asset and certainly it would make a good fit with our businesses, providin...