Cement News tagged under: CRH

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CRH: Semapa intends to acquire CRH's 49% in Secil

26 April 2012, Published under Cement News

CRH reported that Portuguese conglomerate Semapa will acquire the company’s stake in their cement and ready mixed concrete joint venture Secil next month. In August last year an Arbitral Tribunal in Paris, functioning under the Rules of Arbitration of the International Chamber of Commerce (ICC), decided that CRH and Semapa were obliged to complete the sale and purchase of CRH’s 49% shareholding in Secil at an equity price of EUR574m. In accordance with this ruling, Semapa has notified ...

TXI sells package products operations to CRH arm, USA

18 April 2012, Published under Cement News

Texas Industries, Inc announced the sale of its Texas based packaged products operations to Charlotte, NC-based Bonsal American, a unit of Oldcastle, Inc. The transaction included five production facilities, stretching from the Dallas-Fort Worth Metroplex to the Houston metro area and extending through Austin and Central Texas. As a part of the agreement, TXI and Bonsal have entered into a long-term cement supply agreement, and TXI will continue to produce and sell packaged cement and ...

Irish Cement strike action continues, Ireland

12 April 2012, Published under Cement News

Workers at the Irish Cement production plants in Limerick and Platin are continuing strike action over a dispute surrounding the company’s failure to honour a Labour recommendation relating to the payment of outstanding monies to its employees. Local press have reported that pickets were placed on the entrances of the two plants on Tuesday following a decision to take industrial action by the Irish Cement Group of Unions. Speaking to Inside Ireland, Secretary of the Irish Cement Group ...

ABB improves production process for Podilsky Cement, Ukraine

02 March 2012, Published under Cement News

ABB has successfully commissioned integrated electrical, control and automation systems at one of the biggest cement plants in Ukraine. JSC Podilsky Cement, part of the Irish building material group CRH, is located in Kamyanets-Podilsky, approximately 420km southwest of Kiev and operates the biggest line in Ukraine. ABB supplied electrical and automation systems including medium-voltage switchgears, intelligent low-voltage (LV) motor control centres (MNSiS MCC), LV variable-speed drive...

CRH helped by acquisitions

28 February 2012, Published under Cement News

CRH's turnover recovered by 5.3% last year to €18,081m and the EBITDA was ahead by 2.5% to €1656m. The trading profit rose by 24.8% to €871m and after other charges, including a net interest charge 5.1% higher at €229m, the running pre-tax profit improved by 12.9% to €743m. The net attributable profit advanced by 36% to €597m. Net debt at the end of December was 0.3% higher at €3483m and the gearing level was marginally lower at 32.9% compared with 33.4%, as shareholder's funds increased by ...

CRH announces non-executive Board appointment

23 February 2012, Published under Cement News

The Board of CRH plc is pleased to announce the co-option to the Board of Ms. Heather Ann McSharry as a non-executive Director. Ms. McSharry (50) is Chairman of the Board of Trustees of Bank of Ireland Pension Fund and is a director of Ergonomics Solutions International, IDA Ireland and the Institute of Directors. She is a former Managing Director of Reckitt Benckiser and Boots Healthcare in Ireland and was previously a director of Bank of Ireland and Enterprise Ireland. She holds a Ba...

CRH announces appointment of chairman designate

22 February 2012, Published under Cement News

The Board of CRH today appointed Mr. Nicky Hartery as Chairman Designate, to succeed the present Chairman, Mr. Kieran McGowan. Mr. McGowan, who has been Chairman since May 2007 and a Board member since 1998, will retire after the Company’s Annual General Meeting, which is scheduled for 9th May 2012. Mr. Hartery (60) who joined the Board of CRH in 2004, was Vice President of Manufacturing and Business Operations for Dell Inc.’s Europe, Middle East and Africa (EMEA) operations from 2000 to ...

CRH announces US management changes

21 February 2012, Published under Cement News

CRH has announced a number of changes within its management team in the USA, effective as of 20 February 2012. The appointments are as follows: Doug Black (47), currently Chief Executive of CRH's Americas Materials Division, is appointed to the newly created position of President and Chief Operating Officer, Oldcastle, Inc. (the holding company for CRH's operations in the Americas) and will report to Mark Towe, CEO of Oldcastle.  Randy Lake (46) will succeed Doug as CEO of Americas Mate...

CRH seeks dismissal of competition claims case

15 February 2012, Published under Cement News

CRH and Readymix asked the High Court yesterday to dismiss a claim against them for damages for breaches of competition law on the grounds that the plaintiffs have delayed too long before bringing their case. Three related companies, Framus, Amantiss and Wilbury, are taking a case against CRH and its subsidiaries, Readymix and Kilsaran, alleging that they broke a number of competition law provisions that forced the plaintiffs out of business. The plaintiffs claim that CRH, Readymix and Kil...

Podilskyi Tsement reports 2011 net loss, Ukraine

30 January 2012, Published under Cement News

Ukrainian producer, Podilskyi Tsement, has reported loss of UAH9.67m (US$0.9m) for 2011 but the domestic construction sector is showing signs of a reversal in fortunes. The company which has a cement capacity of 3.7Mt and is part of the CRH Group, reported a net profit of UAH16.599m in 2010  having trimmed net revenues by 13.68% compared to 2009. After witnessing a downward trend between 2008-10, construction output in Ukraine started to grow in 2011, largely due to the advancement of...