Cement News tagged under: CRH

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CRH names five representatives to Cementos Lemona board, Spain

16 April 2013, Published under Cement News

CRH has named five representatives to the board of directors of Spanish cement producer Cementos Lemona. In February, CRH acquired Cementos Lemona in exchange for its 26.4 per cent stake in Cementos Portland Valderrivas. The five new members joined the board after a recent extraordinary shareholders meeting. Minority shareholders will not have representatives on the board. Cementos Lemona has a 1.25Mta cement capacity near Bilbao, Spain, and operates Southern Cement in Ipswich, England.

Cementos Portland books capital gain from stake swaps, Spain

28 February 2013, Published under Cement News

Spain-based cement producer Cementos Portland Valderrivas has booked a capital gain of EUR115.6m following the asset swap of its shareholding in Cementos Lemona for Cementos Uniland with CRH. The capital gain was divided into two lots: the first, totalling EUR100m, came from the exchange of the shares owned by Portland in Lemona for a 26.3 per cent stake in Uniland. The other EUR15.6m came from the sale of Cementos Portland's 100 per cent ownership in the capital of UK cement terminal So...

CRH chief announces retirement by end-2013, Ireland

28 February 2013, Published under Cement News

CRH plc, the international building materials group, announces that Myles Lee, Group chief executive, has confirmed to the board his intention to retire from CRH at the end of 2013 having reached the age of 60, and following completion of a five year term as chief executive and 10 years as an executive director. Myles joined CRH in 1982, joining the Board in November 2003 as Finance Director, later becoming Chief Executive in January 2009. Commenting on the news, the Chairman Nicky Har...

CRH boosts American profitability

27 February 2013, Published under Cement News

CRH's turnover improved by 3.2 per cent last year to €18,659m while the EBITDA was off by one per cent to €1640m. There were 36 acquisitions during the year and the outlook for acquisition opportunities is deemed positive. Trading profit declined by three per cent to €840m and after other charges, including a net interest charge 12.7 per cent higher at €258m and a €230m gain on disposals, compared with €55m in 2011, the pre-tax profit declined by 5.2 per cent to €674m. Excluding exceptional ...

CRH and Cementos Portland Valderrivas confirm asset swap agreement

26 February 2013, Published under Cement News

CRH plc and Cementos Portland Valderrivas SA have reached agreement on an asset swap in relation to certain Spanish assets, effective immediately. The deal involves operations in Spain and the UK. CRH said in a statement that it will transfer its 26 per cent stake in Corporacion Uniland SA to CPV. In consideration, CPV will transfer its 99 per cent stake in Cementos Lemona SA to CRH. Cementos Lemona is an integrated cement, ready-mix and aggregates business located close to Bilbao ...

Mixed results for Ukrainian producers

15 February 2013, Published under Cement News

Two of Ukraine’s leading  cement producers have reported a mixed set of full year 2012 results. Volyn Cement ended 2012 with a net profit of UAH4.032m, according to preliminary data published by Ukrainan News. In 2011, it saw its net revenues up 50.72 per cent or UAH 219.35m to UAH651.838m, comparing with 2010. Volyn Cement is a subsidiary of Dyckerhoff of Germany and operates two integrated works with a combined capacity of 3Mta. Podilskyi Tsement reported a loss of UAH101.418m for ...

Portland Valderrivas explores sale of Cemento Lemona to CRH

13 February 2013, Published under Cement News

Spain’s Cementos Portland Valderrivas is currently considering the sale of its Basque subsidiary Cementos Lemona to the Irish multinational CRH. Yesterday, CRH directors visited the facilities of Prefabricades Lemona. This follows a visit last month to the Lemona’s quarries and cement plant, according to Spanish daily El País. Sources indicate that after months of negotiation, the acquisition process is in its final stages although there has been no confirmation of the sale yet. Portla...

ABB wins energy optimisation contract from CRH

01 February 2013, Published under Cement News

ABB has recently won a contract with CRH Europe Materials to provide process optimisation solutions for 12 of its plants in Europe and the US. CRH is a member of the World Business Council for Sustainable Development (WBCSD) Cement Sustainability Initiative. As such, the company has committed to a set of objectives covering issues such as CO2 and climate protection, emission protection and lower use of fuels and raw materials. Currently the data collection for calculating the required k...

CRH – acquisition key to growth

07 January 2013, Published under Cement News

A development spending update released yesterday by CRH shows that growth through vertical integration continued to be a key strategy for the Irish building materials major through 2012. But with spending still subdued compared to 2006 peaks levels, will 2013 see the company step up its acquisition activity and which markets offer the potential for takeover opportunities? In its twice-yearly development statement, CRH said it closed 2012 with acquisitions and investments reaching almost EU...


04 January 2013, Published under Cement News

CRH has announced it spent almost €630m on acquisitions and other development activity during 2012, of which €375m took place during the second half. Of that, €119m was spent in Europe and overseas and €256m in the Americas. Lemminkäinen Raakennustuotteet was purchased by CRH during September, adding 16 batching plants and eight concrete products plants with a total turnover of €85m. In December, CRH purchased the Manx assets of Cemex. It is the sole producer of sand and gravel on the Isle...