Cement News tagged under: CRH
Buzzi Unicem sells Ukraine operations to CRH21 June 2023, Published under Cement NewsBuzzi , through its fully owned subsidiary Dyckerhoff GmbH , has reached an agreement to sell some of its businesses in Eastern Europe to CRH , a leading building materials solutions company, for a consideration of EUR0.1bn. The transactions include the business in Ukraine and ready-mix concrete assets in east Slovakia. Completion of the transaction in Ukraine is subject to the granting of the required regulatory approvals and is expected to occur in 2024. In Ukraine, Buzzi operates... |
CRH votes to move to New York Stock Exchange09 June 2023, Published under Cement NewsCRH shareholders have overwhelmingly approved the unanimous recommendation of the Board and management team to transition to a US primary listing on the New York Stock Exchange (NYSE). The group will retain a standard listing on the London Stock Exchange (LSE) and will de-list from Euronext Dublin. The changes are expected to take effect on or around 25 September 2023. “We believe a US primary listing will bring increased commercial, operational and acquisition opportunities for our bu... |
DoE announces funding to accelerate two cement industry CCUS projects12 May 2023, Published under Cement NewsThe US Department of Energy (DoE) Office of Clean Energy Demonstrations has announced the selection of eight projects for award negotiations, as part of the Carbon Capture Demonstration Projects Programme. This programme aims to accelerate the implementation of integrated carbon capture and storage technologies. With up to US$189m in funding, these community-informed integrated carbon capture, transport and storage projects are set to advance and help catalyse significant follow-on ... |
CRH supplies major highway project in Utah28 April 2023, Published under Cement NewsCRH is playing an integral part in the West Davis Corridor project in Utah, USA. The 27km (17-mile), four-lane greenfield highway project will include freeway-style interchanges and 10 miles of new trails for biking and walking. Construction of the corridor began in 2021 and will require 7.2Mt of aggregates, 445,000t of asphalt and 42,050m 3 (55,000 cubic yards) of ready-mixed concrete. Staker Parson Materials & Construction, a CRH company, is delivering key components to the project,... |
CRH shareholders back US listing27 April 2023, Published under Cement NewsCRH has confirmed that it will be pursuing a US primary listing, along with a US equity index inclusion “as soon as possible”, said the company. North America now accounts for around 75 per cent of the group's EBITDA and is expected to be a key driver of growth in the future. “We believe a US primary listing will bring increased commercial, operational and acquisition opportunities for our business, further accelerating our successful integrated solutions strategy and delivering even h... |
CRH reports 7% sales growth in 1Q2326 April 2023, Published under Cement NewsCRH has reported a “positive start” to the year with 1Q23 sales up seven per cent YoY across the group. Americas Materials Solutions saw a 10 per cent advance in sales in the 1Q23, compared to the same period in 2022, driven by robust pricing which more than offset the impact of unfavourable weather during the quarter. Essential Materials saw a 15 per cent improvement in sales YoY, while Road Solutions recorded a seven per cent uptick YoY, supported by strong price progression and good und... |
Buxton Net Zero project passes due diligence funding phase05 April 2023, Published under Cement NewsTarmac ( CRH ) and LEILAC have moved a step closer to delivering the world’s first zero emissions lime plant, with the UK Government’s Department for Energy Security and Net Zero (DESNZ) announcing that the Buxton Lime Net Zero project has successfully passed the due diligence phase of the Industrial Carbon Capture (ICC) funding scheme. LEILAC ’s technology uses a unique indirect heating approach to keep unavoidable process emissions uncontaminated, thereby enabling its efficient ca... |
Tarmac plans to cut jobs despite huge profits22 March 2023, Published under Cement NewsTamac ( CRH Plc) is planning to cut as much as 10 per cent of its workforce in the UK according, to the GMB Union, which has called on the aggregate and building supplies giant to think again and step back from forcing through over 400 redundancies at the company. The union has slammed the company’s unwillingness to consider counter proposals put forward by GMB members to halt job losses. GMB Union says that these reckless redundancies are unnecessary in the context of huge company pr... |
CRH appoints new non-executive director22 March 2023, Published under Cement NewsCRH plc has appointed Christina Verchere as non-executive director, effective from 20 March 2023. Ms Verchere, a dual British and US citizen, is chief executive officer of OMV Petrom SA (OMVP), a position she has held since 2018. OMVP is the largest integrated energy company in southern and eastern Europe, and is active across the energy value chain from oil and gas production to power generation and supply. Prior to joining OMVP, Ms Verchere spent over 20 years working with BP plc, whe... |
CRH receives first fossil-free steel construction hauler20 March 2023, Published under Cement NewsAt CONEXPO 2023 in Las Vegas, Volvo Construction Equipment (Volvo CE) handed over the first construction machine made from fossil-free steel for a North American cement producer. Volvo CE’s A30G articulated hauler was handed over by President of Volvo CE, Melker Jernberg, to Scott Parson, President Americas Materials at CRH , a long-standing customer of Volvo CE. Pennsy Supply Inc, a CRH company will use the fossil-free A30G at its East Petersburg Quarry in Pennsylvania. Swedish stee... |