Cement News tagged under: CRH

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CRH subsidiary challenges competition authority searches

09 March 2016, Published under Cement News

Irish Cement, a subsidiary of CRH, has brought a legal challenge to the seizure of certain emails of a senior CRH executive during a search as part of an investigation into alleged anti-competitive practices, according to a report in the Irish Independent. The Competition and Consumer Protection Commission was not entitled to "essentially run riot" in the premises of Irish Cement at Platin, Co Meath, and just seize all material, regardless of relevance to the purpose of its search, Paul Sre...

Irish Cement applies for AF burning planning permission

08 March 2016, Published under Cement News

Irish Cement has formally applied for planning permission to burn alternative fuels at its plant in Limerick, according to local press reports. The CRH group company is seeking approval from Limerick City and County Council to burn used tyres as well as shredded plastics. As part of the development, the company is planning to construct a tyre storage area with a tyre handling/separation area and an associated conveyor, the report by the LImerick Leader noted.

CRH announces non-executive board appointment

04 March 2016, Published under Cement News

The Board of CRH plc announced the co-option to the board, with effect from 3 March 2016, of William J Teuber, Jr as a non-executive director. Mr Teuber (64), a US citizen, is the Vice Chairman at EMC Corporation, a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service. In previous roles he was responsible for EMC’s global sales and distribution organisation (2006-12) and served as Chief Financial Officer leading the company’s w...

CRH full-year sales 25% ahead

03 March 2016, Published under Cement News

CRH's turnover rose by 25 per cent in 2015 to EUR23,635m while the EBITDA advanced by 35.2 per cent to EUR22198m. The trading profit increased by 39.3 per cent to EUR1277m. The net interest charge rose by 19.9 per cent to EUR295m and there was a EUR101m gain on disposals, compared with EUR77m in 2014, which led to a pre-tax profit 35.7 per cent higher at EUR10331m. The net attributable profit was 24.4 per cent ahead at EUR724m. Net debt at the end of December was 57.3 per cent higher at EU...

CRH and Dalmia expected to bid for Jaiprakash assets

04 February 2016, Published under Cement News

CRH and India's Dalmia Cement are likely to submit separate bids next month for the cement business of Indian infrastructure builder Jaiprakash Associates, two sources with direct knowledge told Reuters. The deal is likely to be worth about US$3bn, which is the total debt linked to the cement business, the sources said, adding that binding bids were due next month. Others possible bidders include the Indian unit of HeidelbergCement, Ultratech Cement Ltd and two private equity firms, one of ...

New senior vice president announced to lead Tarmac business

25 January 2016, Published under Cement News

Martin Riley, former managing director of Tarmac’s Aggregates & Asphalt business, has been appointed senior vice president of Tarmac. Cyrille Ragoucy has left the business after three successful years as CEO. As part of this reorganisation, the Tarmac Cement & Lime business will work as part of a new CRH business cluster consisting of UK Cement, Ireland and Spain, led by Oliver Mahon, Senior vice president. These operational and management changes have been made as part of the transition ...

Philippines: Republic Cement & Building Material plans to delist

18 January 2016, Published under Cement News

Republic Cement & Building Materials Inc (RCBM) has applied for delisting of its shares from the Philippine Stock Exchange (PSE), effective 15 March 2016.The move follows the acquisition by AEV CRH Holdings of RCBM. Last August AEV CRH conducted a tender offer for 649.08m common shares held by RCBM’s minority shareholders at PHP10.26 (US$0.21) each. As of 15 September, RCBM’s publicly-owned common shares comprise approximately 0.91 per cent of its outstanding capital stock. According to the...

CRH exits Israeli operations

12 January 2016, Published under Cement News

CRH confirmed it has exited the Israeli market, having sold its 25 per cent equity stake in its Israeli operations. Nesher Cement is majority-owned by Clal Industries (75 per cent) with CRH having held the remaining shares via holding company, Mashav. The boycott, divestment and sanctions (BDS) movement has been campaigning for CRH to sell its stake in Nesher Cement because its supplies cement used in the construction of Israel’s apartheid wall and settlements on occupied Pal...

CRH confirms total disposal proceeds of EUR1bn for 2015

08 January 2016, Published under Cement News

CRH plc confirmed today total disposal proceeds of approximately EUR1bn in 2015. This comprises the previously announced sale of its clay and concrete products operations in the UK and the Group’s clay business in the US (EUR0.43bn) plus several additional divestments across Europe and the Americas for total proceeds of around EUR0.53bn. During 2015 the group also completed 20 bolt-on acquisition and investment transactions. These deals, together with the acquisition of assets from Lafarge...

CRH meets with Sinoma Group

24 December 2015, Published under Cement News

John Watkins, country director China of CRH met with Peng Jianxin, president of Sinoma Ltd, on 18 November 2015. During the meeting both sides exchanged views on the current situation of China's regional cement industry, the prospects for the international market in the building materials industry and the further strengthening of cooperation between the two sides, Sinoma stated on its website.