Cement News tagged under: CRH

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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...

Ukraine picks up the pace

17 April 2019, Published under Cement News

Ahead of the forthcoming UkrCemFor 2019 conference in Kiev next month, Pavlo Kachur, chairman of the Association of Cement Producers of Ukraine (Ukrcement), provides a timely update on the domestic cement sector’s priorities, progress and prospects. CRH-owned Mykolaiv Cement’s 1.3Mta works is one of the three cement plants owned by the Irish group in Ukraine ICR: How did the Ukrainian construction industry and domestic cement demand perform in 2018? Pavlo Kachur (PK): The st...

CRH completes fourth phase of share buyback

02 April 2019, Published under Cement News

CRH plc has completed the fourth phase of its share buyback programme, returning a further EUR200m of cash to shareholders, according to a press release. Between 2 January and 29 March 2019, 7.6m ordinary shares were repurchased on the London Stock Exchange and Euronext Dublin at an average discount of 0.6 per cent to the volume weighted average price over the period. This now brings total cash returned to shareholders under the programme to approximately EUR1bn over the last 12 months...

CRH announces board update

04 March 2019, Published under Cement News

CRH has announced that Don McGovern will step down from its Board of Directors on 25 April 2019, after serving two three-year terms. "On behalf of the board I would like to thank Don for his commitment to CRH over his six years on the board, and in particular for his service as senior independent director and as chairman of the remuneration committee. We wish him every success in the future," said Nicky Hartery, chairman of the company.

CRH sees 31% hike in group net profit in 2018

28 February 2019, Published under Cement News

CRH reported a six per cent increase in sales revenues to EUR26.79bn in 2018 from EUR25.22bn in 2017. The company’s EBITDA advanced seven per cent to EUR3.365bn in 2018 when compared with EUR3.146bn the previous year. Group net profit jumped 31 per cent to EUR2.521bn from EUR1.919bn in the year-ago period. The company attributes the robust results to strong financial discipline with EUR2.4bn  operating cash flows from continuing operations and a year-end net debt-EBITDA ratio of over 2.1 t...

Cevian Capital announces stake in CRH

06 February 2019, Published under Cement News

Europe's largest activist investor, Cevian Capital, has announced that it has built up a stake in CRH to become its second-biggest individual investor. "The group has many strong positions in attractive markets and we are convinced that CRH's assets could become significantly more valuable," Christer Gardell, managing partner of Cevian, disclosed to Reuters. The exact size of Cevian’s holding is unknown, however a stake of almost three per cent, worth around EUR600m, would be necessary t...

Romanian cement market valued at EUR650-700m in 2018

30 January 2019, Published under Cement News

The value of the Romanian cement market is estimated between EUR650m-700m (US$743m-800m) and is primarily supported by three large players: LafargeHolcim, HeidelbergCement and CRH. The three cement majors reported around RON3bn in total sales in 2018, representing a YoY rise of 10 per cent. LafargeHolcim’s Romanian operations were valued at EUR633m, followed by CRH (EUR469m) and HeidelbergCement (EUR410m).