Cement News tagged under: CRH
CRH confirms total disposal proceeds of EUR1bn for 201508 January 2016, Published under Cement NewsCRH 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 Group24 December 2015, Published under Cement NewsJohn 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. |
CRH reiterates 2015 guidance19 November 2015, Published under Cement NewsCRH reported that its third-quarter trading environment benefitted from continued positive momentum in the Americas where overall economic recovery is driving construction demand. The backdrop in Europe continues to be mixed but stable. Cumulative sales from continuing operations amounted to EUR15.5bn the nine months to the end of September, an increase of 16 per cent compared with the corresponding period in 2014. EBITDA from continuing operations was EUR1.5bn, an increase of 34 per cen... |
CRH sues for return of files seized in competition inquiry16 November 2015, Published under Cement NewsIrish building materials major CRH has gone to the High Court to seek the return of documents seized by the Competition and Consumer Protection Commission (CCPC) in a "dawn raid" in May, The proceedings relate to a raid carried out on CRH subsidiary Irish Cement earlier this year as part of a competition inquiry. CRH has now lodged court proceedings seeking a declaration that certain sections of the files seized by the CCPC were not related to the Irish Cement investigation. A compa... |
CRH plc announces change of role for Board member24 September 2015, Published under Cement NewsCRH plc announces that Mark Towe, currently president and chief executive of Oldcastle, will assume the new role of chairman, CRH Americas. He will work with the group chief executive to support performance and excellence programmes across the group. The appointment is effective from 1 January 2016. Mr Towe will continue as an executive director on the Board of CRH plc. |
CRH plc completes Philippines element of LafargeHolcim transaction15 September 2015, Published under Cement NewsCRH has completed the acquisition of the assets acquired from LafargeHolcim in the Philippiness. In early August, CRH confirmed that the majority of the transactions relating to the package of assets to be acquired from LafargeHolcim were complete, with the exception of the operations in the Philippines which it advised would be finalised in 3Q15. |
CRH appoints Group Finance Director08 September 2015, Published under Cement NewsCRH announced yesterday the appointment of Senan Murphy as Group Finance Director with effect from 4 January 2016. Senan will succeed Maeve Carton who will become Group Transformation Director as previously announced. Both will be members of the Group Board. Senan (46), is a Chartered Accountant and holds a Bachelor of Commerce degree from University College Dublin. He has over 25 years’ experience in international business across financial services, banking and renewable energy. Senan wil... |
Fitch affirms CRH rating, but lowers outlook01 September 2015, Published under Cement NewsFitch Ratings has affirmed Ireland-based building materials company CRH plc's Long-term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB'. It has also downgraded the Short-term IDR to 'F3' from 'F2'. All ratings have been removed from Rating Watch Negative. The Outlook is Negative. This follows the group's announcement of its agreement to purchase CR Laurence Co, Inc (CRL) for a total consideration of USD1.3bn (EUR1.2bn). The 'BBB' senior unsecured ratings for subsidiaries CR... |
CRH's first-half driven by the Americas27 August 2015, Published under Cement NewsCRH's first half turnover advanced by 12.6 per cent to €9,370m and the EBITDA improved by 9.9 per cent to €555m. The trading profit increased by 11.2 per cent to €189m and after a net interest charge 8.6 per cent higher at €139m, the pre-tax profit increased by 3.3 per cent to €63m. The net attributable result improved by €1m to €46m. Net debt at the end of June was 67.3 per cent lower at €1212m, giving a gearing level of 9.7 per cent, which compares with 39.9 per cent a year earlier. ... |
Aboitiz secures loan to part-fund cement venture25 August 2015, Published under Cement NewsAboitiz Equity Ventures, Inc. (AEV) has signed an agreement for a US$400m (PHP18.7bn) loan that will partly finance its venture into the cement sector in the Philippines. In a disclosure to the stock exchange dated 20 August 2015, AEV said it "signed a facility agreement with The Bank of Tokyo-Mitsubishi UFJ, Ltd to obtain a bridge loan" of up to US$400m. "The proceeds of the loan will be used to partially finance AEV's investment in holding companies for the purpose of the acquisitio... |