Cement News tagged under: CRH
CRH sees 11% YoY increase in sales23 November 2021, Published under Cement NewsCRH’s cumulative nine-month sales to the end of September reached US$22.8bn, an increase of 11 per cent YoY and ahead seven per cent on a like-for-like basis. EBITDA was up 15 per cent YoY to US$3.9bn while EBITDA margin was up 50bps to 17.1 per cent. Third quarter sales remained ahead of the prior year across all divisions, with good demand in key markets. Americas Materials was primarily driven by improved pricing as volume growth was impacted by inclement weather, while Europe Material... |
Finnsement CEO adds CRH US Building Products position to duties01 November 2021, Published under Cement NewsFinnsement CEO, Miikka Riionheimo, is set to take up a new position within the CRH Group's Building Products organisation. His position in Atlanta, USA, is senior vice president of strategy and development. For the time being, Mr Riionheimo remains the CEO of Finnsement. |
Tarmac sets its 2030 goals26 October 2021, Published under Cement NewsTarmac (CRH group) is building on its sustainability strategy to set out ambitious goals for the company to achieve by 2030, and beyond. The 2030 goals build on the company's long-term strategy which, over the last six years, has seen it successfully cut CO 2 by 24 per cent per tonne of product (against a 1990 baseline), and recover, recycle and reuse over 50Mt of waste from other sectors, for use as a fuel or as a constituent material, in the manufacture of its products. Aligned t... |
CRH reports 1H sales up 15%27 August 2021, Published under Cement NewsCRH saw its sales for the first half of 2021 increase 15 per cent YoY (10 per cent on a like-for-like basis) to US$14bn. First-half trading benefitted from a positive underlying backdrop in North America and Europe, said the company in a statement. Like-for-likesales in its Americas Materials segment increased by three per cent compared to 1H20, driven by improved volumes of aggregates, cement and ready-mix concrete, with price progress across all lines of business. In the Europe Materials... |
CRH continues share buyback programme30 June 2021, Published under Cement NewsCRH is continuing its share buyback programme by entering into an arrangement with Societe Generale, which will repurchase ordinary shares on the group’s behalf for a value up to US$300m. The buyback will begin today and is expected to complete by 1 October 2021. The programme is intended to reduce the share capital of CRH. |
Florida: bolder, brighter, better24 May 2021, Published under Cement NewsLike all US states, Florida has been badly hit by the COVID-19 pandemic with tourist numbers plummeting as borders shut and lockdown measures were imposed. But pent-up demand in the housing market, strong infrastructure spending and a robust construction sector should deliver a notable uptick in cement consumption in 2021-23. Florida has been badly affected by the COVID-19 pandemic with tourist numbers in freefall. However, a brighter future lies ahead Florida’s US$1trn econo... |
CRH releases 1Q21 trading update28 April 2021, Published under Cement NewsCRH has released a trading update ahead of its annual general meeting, which takes place tomorrow. The company has seen sales rise three per cent on a like-for-like basis in the first quarter of 2021, on the back of strong underlying demand and pricing progress across its key markets. "We had a positive start to the year in a seasonally quiet period for our business with good underlying demand and pricing progress across our key markets. While near-term uncertainties remain, we expect firs... |
The search is on for new investors in Brazil's cement sector23 April 2021, Published under Cement NewsBrazil's cement market has been the focus of much attention in recent weeks firstly, with the completion of the CRH cement assets in the country to Companhia Nacional de Cimento (CNC), and more recently the unconfirmed reports that Banco Itau BBA is preparing to advise on the divestment of LafargeHolcim's Brazilian unit. The sale of the Swiss multinational's cement interests in Brazil is expected to raise up to US$1.5bn, according to analysts UBS European Building Materials . These fund... |
CRH to change name of subsidiary to Romcim23 April 2021, Published under Cement NewsCRH will change the name of its Romanian subsidiary to Romcim from 5 May. The name change is in keeping with the group’s strategy to operate trusted local brands in each of its markets, according to a press release. "Romcim is an iconic brand in the Romanian construction industry and feels like ‘family’ for generations of home builders, employees and the communities we operate in. Romcim is in our company’s DNA and is a solid foundation for the sustainable contribution we want to make to bu... |
Brazilian Companhia Nacional de Cimento completes the purchase of CRH Brasil assets19 April 2021, Published under Cement NewsThe Brazilian antitrust authority, CADE, in accordance to the agreement disclosed on 26 October 2020, has confirmed Brazilian Companhia Nacional de Cimento’s (CNC) purchase of all the businesses of the CRH group operating in Brazil (CRH Brasil and its subsidiaries). CNC is a wholly-owned subsidiary of BCPAR, holding company in which Buzzi Unicem owns 50 per cent of the share capital in a joint venture with Grupo Ricardo Brennand. The consideration paid takes into account the price originall... |