Cement News tagged under: CRH

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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).

Cement companies show positive performance in CDP ranking

28 January 2019, Published under Cement News

International organisation CDP has released its annual ‘A List’ which names the world’s leading businesses and scores them on their approach to climate change, water security and deforestation. The ranking is from A to D-, with F indicating a failure to provide sufficient information to be evaluated. The score assesses the level of detail and comprehensiveness of the response to CDP’s questionnaire, as well as the company's awareness of climate change issues, management methods and progres...

Republic Cement to commission two new cement mills in 2019

24 January 2019, Published under Cement News

Philippines-based Republic Cement Services Inc (RCSI) plans to commission two finish mills this year, adding 2Mta to its 7Mta current capacity. The investment is estimated to have cost in the region of US$20m for each finish mill. "This year we will increase our grinding capacity and at the end of this year, we will commission two new finish mills which will somehow give an output of a bit more 50 million bags," said Nabil Francis, president, RCSI. 

"At the end of this year the total cap...

CRH completes third phase of share buyback

31 December 2018, Published under Cement News

CRH has completed the third phase of its share buyback  programme .  Between 27 November and 21 December 2018, 4.1m ordinary shares were repurchased on the London Stock Exchange, bringing total cash returned to shareholders under the ongoing EUR1bn share buyback  programme  to EUR800m.   The company also announced that it has entered into  arrangements with UBS AG, London Branch (“UBS”) to repurchase ordinary shares on CRH’s behalf for a maximum consideration of EUR...

CRH launches phase three of share buy-back

21 November 2018, Published under Cement News

On 25 April 2018 CRH plc announced its intention to buy back ordinary shares of up to EUR1bn in the following 12 months. Having completed buy back phases one and two, returning EUR700m to shareholders the third buy back phase is now in operation to repurchase ordinary shares for a maximum consideration of EUR100m. The Phase 3 Programme will commence today, 20 November 2018, and will end no later than 31 December 2018. Under the terms of the Phase 3 Programme, ordinary shares will be repurc...

Romania's Competition Council launches cement market investigation

25 October 2018, Published under Cement News

Romania's Competition Council (RCC) is investigating possible anti-competitive practices between the three domestic market cement producers – Holcim Romania, CRH Ciment Romania and HeidelbergCement Romania. It is reported in the Romania Insider that the three companies are suspected of having split the local market in terms of market shares, product offer, production sales levels, technical development and investments. The investigation will also look at possible price-fixing starting from ...

CRH completes Phase 2 of share buy-back

22 October 2018, Published under Cement News

CRH has completed the second phase of its share buy-back programme, returning a further EUR350m of cash to its shareholders. Between 29 August and 18 October, 12.5m ordinary shares were repurchased on the London Stock Exchange and Euronext Dublin at an average discount of 1.3 per cent to the volume weighted average price over the period. This brings total cash returned to shareholders under the ongoing EUR1bn share buy-back programme to around EUR700m. "The remaining portion of our buy...

CRH appoints two non-executive directors

01 October 2018, Published under Cement News

CRH has announced the appointment of Mary Rhinehart and Siobhan Talbot as non-executive directors of the board. Ms Rhinehart and Ms Talbot will join the company with effect from 1 October and 1 December, respectively. Ms Rhinehart is chairman, chief executive officer and president of Johns Manville Corp, a Berkshire Hathaway company, which is a leading global manufacturer of premium-quality building products and engineered specialty materials. Ms Talbot is group managing director of Glanb...

CRH announces revenue increase in 1H18

23 August 2018, Published under Cement News

CRH has reported its results for the half-year period ended 30 June 2018, announcing a slight increase in revenue of one per cent YoY to EUR11.9bn (US$13.76bn). Similarly, overall EBITDA rose one per cent to EUR1.13bn, while the EBITDA margin remained consistent at 9.5 per cent. Profit after tax reached EUR378bn, advancing nine per cent from EUR346bn in the year-ago period. The company has recorded divestments of EUR2.9bn and acquisitions of EUR3.4bn in the first six months of the year, whi...