Cement News tagged under: CRH
CRH and Volvo collaborate on net zero15 November 2023, Published under Cement NewsCRH and Volvo Group have signed a Memorandum of Understanding (MoU) to accelerate net-zero innovations in the design and deployment of on-road vehicles and off-road equipment used in the construction industry. According to the companies, the MoU will focus on next-generation technology deployment, scaling cutting-edge technology, and operational efficiency. Both companies are on ambitious journeys to reduce emissions. Volvo Group’s target is to have 35 per cent fully-electric sales by... |
Durkee plant orders new cement mill09 October 2023, Published under Cement NewsAsh Grove Cement ( CRH ) has announced plans to build a new cement mill at its cement plant in Durkee, Oregon , USA. The project is scheduled to be completed by the end of 2024. The new cement mill will transform the Durkee plant, enabling it to produce low-carbon cement to meet the growing market demand for sustainable building materials. It will support multiple markets across the region by increasing capacity with no net increase in carbon emissions. "The transition to low-carbon... |
CRH completes latest phase of buyback25 September 2023, Published under Cement NewsCRH plc has completed the latest phase of its share buyback programme, returning a further US$1bn in cash to shareholders. Between 30 June 2023 and 22 September 2023, 17.7m ordinary shares were repurchased on Euronext Dublin and the London Stock Exchange. This brings total cash returned to shareholders under the company’s ongoing share buyback programme to US$6bn since its commencement in May 2018. CRH has also announced that it has entered into non-discretionary arrangements with Merrill... |
CRH gains AAA rating for ESG performance18 September 2023, Published under Cement NewsCRH has received an ‘AAA’ rating from MSCI Inc, a leading provider of critical decision support tools and services for the global investment community, for its environmental, social, and governance (ESG) performance. MSCI evaluates how companies manage their ESG risks and opportunities relative to peers, and CRH has been recognised as an industry leader. According to CRH, it has achieved an ‘AAA’ rating from MSCI every year since 2014, an achievement that remains unmatched in its secto... |
Carbon Upcycling secures US$26m funding to assist scaling up15 September 2023, Published under Cement NewsCarbon Upcycling, a leader in circular decarbonisation solutions for hard-to-abate sectors, has just closed a US$26m Series A round, co-led by BDC Capital’s Climate Tech Fund and Climate Investment. The Calgary-based decarbonisation company is part of a growing Canadian cohort of innovators bringing technology to scale to reduce the high greenhouse gas (GHG) footprint of cement and concrete. Carbon Upcycling is a carbontech company. It has developed and patented a novel technology to h... |
US construction outlook is about to change for CRH and others01 September 2023, Published under Cement NewsThe outlook for US construction of affordable housing is set to change dramatically over the next two years. "Developers see a massive shortage ahead, which threatens to undo the recent progress in closing the daunting affordable housing gap in many US cities," reports Bloomberg. While interest rates have been increasing, the number of housing projects starting this year has been cut significantly. 2022 projects will typically come online after 18-24 months, therefore construction compani... |
CRH boss third-highest paid CEO on the FTSE10023 August 2023, Published under Cement NewsThe CEO of Irish building materials giant CRH, Albert Manifold, has been ranked as the third-highest paid chief executive on the FTSE 100, according to a new report by the High Pay Centre. Mr Manifold was paid GBP10.38m (EUR12.1m/US$13m) last year for his role as chief executive of CRH , a position which he has held since 2014. His pay for 2022 was surpassed by only two other chief executives. The news comes as CRH is set to move its primary stock market listing to New York from London n... |
PCA announces 2023 Energy and Environment Award winners21 August 2023, Published under Cement NewsThe Portland Cement Association (PCA), which represents the majority of America’s cement manufacturers, has announced the winners of its 2023 Energy and Environment Awards. PCA Energy and Environment Awards are given to companies that have implemented outstanding environmental practices and have forged exemplary relationships with communities where their cement plants are located, says the PCA. Submissions from plants across the US were evaluated and recognised for environmental effort... |
CRH attracts new investors prior to US move17 August 2023, Published under Cement NewsCRH is attracting new investment prior to its move to the New York Stock Exchange in September this year. According to the Irish Independent, at least 26 hedge funds have announced new or expanded American depository receipts (ADRs) in CRH. In total, hedge funds bought a net 7.53m ADRs in CRH in the three months up to 30 June 2023, reports Bloomberg. Among the investors are Soros Fund Management, owned by billionaire George Soros, which now holds ADRs worth around US$20m, and Seth Klarma... |
CRH invests EUR34m in Ukraine31 July 2023, Published under Cement NewsIreland’s CRH is investing EUR34m in a new cement shipping complex in Ukraine. Construction of the “main stage” of the project was completed in early July, according to The Sunday Independent. The complex will be able to receive, store and ship 450,000t of cement each year, and will feature an automated packaging and palletising line. |