Cement News tagged under: CRH

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CRH to divest European Distribution business to Blackstone

02 August 2019, Published under Cement News

CRH plc has agreed to divest its European Distribution business to private equity funds managed by Blackstone for EUR1.64bn, subject to regulatory approval. The sale includes CRH's entire General Builders Merchant business in Europe, including its sanitary heating and plumbing business. It supplies building materials to professional builders, specialists contractors and DIY customers through a network of local and regional brands across six countries in western Europe. The divestment follo...

CRH divests its European Distribution business for EUR1.64bn

16 July 2019, Published under Cement News

CRH has agreed the divestment of its European Distribution business to private equity funds managed by Blackstone for an enterprise value of EUR1.64bn in cash, subject to regulatory approval. The divested business unit consists of CRH's entire general builders merchants business in Europe, including its sanitary heating and plumbing business that serve professional builders, contractors and DIY customers across six countries. In 2018 the business unit generated proforma EBITDA of EUR155m on...

WBCSD and key cement producers launch Indian roadmap

27 June 2019, Published under Cement News

Major companies from the cement sector and the World Business Council for Sustainable Development (WBCSD) launched the ‘Indian Cement Sector SDG Roadmap’ on 25 June at an event organised by WBCSD and UN Global Compact Network India. The UN’s Sustainable Development Goals (SDGs) represent a universal framework that establishes a collective pathway for humanity to achieve prosperity for people and planet on the road to 2030. While governments have universally resolved to implement the SDGs, ...

CRH announces Board change

25 June 2019, Published under Cement News

CRH has announced that announces that Non-Executive Director Bill Teuber intends resign from the CRH Board with immediate effect for personal reasons. Commenting on the news, CRH Chairman, Nicky Hartery said, "On behalf of the Board I would like to thank Bill for his commitment to CRH, and in particular for his service as Chairman of the Audit Committee. We wish him every success in the future."  

Eqiom test 4 biogas trucks

21 June 2019, Published under Cement News

France-based Eqiom is testing four biogass trucks as part of the company’s strategy to reduce the carbon emissions generated by its trucks by six per cent by 2020. As an alternative to diesel, the biogas helps improve air quality and protect the environment. Natural gas for vehicles includes 95 per cent methane and very light hydrocarbons. The four vehicles are being put into operation in the CRH subsidiary's road transport between the north and the Paris region. In addition, one of th...

Ukraine moves to protect local cement industry

31 May 2019, Published under Cement News

This week UkrCemFor 2019 got underway in Kyiv to focus on developments in Ukraine's cement sector. While the domestic industry is well supported by the four multinational producers Eurocement, CRH, Dyckerhoff (Buzzi Unicem group) and HeidelbergCement as well as Ukraine's Ivano-Frankivskcement, it has been under great pressure from increasing imports. Imports into Ukraine have steadily increased. Belarus was the largest supplier of foreign cement into the country in 2018, accounting for 58...

Romania Competition Council suspects cement collusion

09 May 2019, Published under Cement News

The prices charged by Romania’s three leading cement producers Holcim, CRH and HeidelbergCement have followed a similar pattern and the geographic distribution of the customers around the companies’ cement plants support suspicions that the three are sharing the market, according to a report on the cement market completed by Romania’s Competition Council. The report is part of a continued investigation into the country’s cement market , started last October. The Competition Council launc...

Mykolaivcement’s net profit falls to UAH174m

03 May 2019, Published under Cement News

Ukrainian cement producer Mykolaivcement, indirectly controlled by CRH, has seen its net profit decline by 6.1 per cent to UAH174m (US$6.5m) in 2018, according to Ukrainian News Agency reports. Revenues slipped 3.1 per cent to UAH1.083bn YoY in 2018 while cement sales fell seven per cent to 712,000t. As a result, the company had a domestic market share of 7.9 per cent.

CRH continues share buy-back

29 April 2019, Published under Cement News

CRH plans to repurchase EUR350m (US$390.6m) of ordinary shares between 29 April and 16 August 2019, according to a company statement. Under the terms of the buyback, ordinary shares will be repurchased on the London Stock Exchange and/or Euronext Dublin. CRH has entered into non-discretionary instructions with J&E Davy to conduct the transaction on its behalf and to make trading decisions under the buy-back independently of CRH in accordance with certain preset parameters. With the buy-ba...

CRH reports positive 1Q19

24 April 2019, Published under Cement News

Ahead of tomorrow's AGM, CRH reports that the group has had a positive start to the year with 1Q19 like-for-like group sales seven per cent ahead of 1Q18. Sales volumes benefited from mild weather conditions and good momentum across most major markets for the group. Sales growth was also supported by pricing progress, reports CRH.

 Like-for-like sales for America Materials operations were four per cent up in 1Q19, while aggregate and asphalt volumes were ahead of 1Q18 due to favourable wea...