Cement News tagged under: CRH
CRH to begin conciliatory talks, plans to increase China stake10 May 2012, Published under Cement NewsIrish Cement, a subsidiary of CRH, will begin talks today with representatives of 100 workers who have been on strike for almost five weeks, the Irish Times reports. Staff at Irish Cement plants in Castlemungret, Co Limerick, and Platin, Co Meath, have been on strike now for almost a month over payments worth €5500-€9500 to each worker. The staff and their trade union, Siptu, say a Labour Court ruling obliges the company to pay them the cash. However, Irish Cement says the payments are tie... |
CRH is ahead in America but suffered from adverse weather in Europe09 May 2012, Published under Cement NewsCRH's underlying sales improved by about 2% during the first four months of the year, with North America benefiting from comparatively favourable weather conditions, while the opposite was a case in Europe, which suffered from a harsh winter, particularly in February. Thirteen acquisitions or major investments were undertaken in the period for a cost of about €230m, compared with €135m spent in the same period last year. Heavy building materials volumes were well ahead in the Ukraine, ... |
Irish Cement are ‘starving’ workers04 May 2012, Published under Cement NewsManagement at Irish Cement have been accused of attempting to “starve people to go back to work”, as some 50 men in Limerick maintain their picket for the fourth week of the official strike. Staff locally say they are now attempting to freeze their mortgage payments with the banks, as they are living on less than €200 strike pay per week. The staff at the Castlemungret plant are owed between €5500-9500 each in increments, with the Labour Court recommending five months ago that the sum be ... |
CRH03 May 2012, Published under Cement NewsCRH has to sell of its 49% stale in the Portuguese cement producer Secil as Semapa has decided to exercise its option to purchase CRH's holding in accordance with last year's arbitration award. The sale is to take place on the 15 May and includes Secil's interests in Tunisia, the Lebanon and Angola. |
Irish Cement workers to vote against CRH directors26 April 2012, Published under Cement NewsIrish Cement workers will use their voting rights as shareholders in CRH to oppose the re-election of the company's existing directors at its Annual General Meeting (AGM) scheduled for 9 May 2012. The workers are in the fourth week of their strike action at production plants owned by Irish Cement Ltd which is a wholly owned subsidiary of CRH. The dispute concerns the company’s refusal to honour a Labour Court recommendation relating to the payment of outstanding monies due to its emplo... |
CRH: Semapa intends to acquire CRH's 49% in Secil26 April 2012, Published under Cement NewsCRH 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, USA18 April 2012, Published under Cement NewsTexas 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, Ireland12 April 2012, Published under Cement NewsWorkers 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, Ukraine02 March 2012, Published under Cement NewsABB 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 acquisitions28 February 2012, Published under Cement NewsCRH'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 ... |