Cement News tagged under: CRH

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CRH agrees US$3.5bn acquisition of Ash Grove Cement

21 September 2017, Published under Cement News

CRH plc has reached an agreement to buy US-based Ash Grove Cement Co for US$3.5bn. The proposed transaction is subject to Ash Grove shareholder and regulatory approvals and will be financed through existing financial resources. The transaction is expected to close around year end 2017. Albert Manifold, Chief Executive of CRH, commented: “Ash Grove is an excellent addition to CRH’s portfolio of businesses across North America as we seek to deploy our capital into high quality businesses tha...

McInnis Cement announces Atlantic distribution plan, CRH deal

08 September 2017, Published under Cement News

McInnis, the New Cement Co has announced its distribution plan for all of the Atlantic provinces. The cement producer has acquired two CRH Canada-owned distribution assets, enabling it to reach the markets in New Brunswick, Nova Scotia, as well as Prince Edward Island. McInnis will honour the orders of the clients supplied through those terminals and integrate their current employees.   In addition, McInnis has entered into an agreement with CRH Canada and will supply cement for this co...

West Bank case against CRH thrown out by Washington DC court

07 September 2017, Published under Cement News

A US$34bn US lawsuit launched last year by Palestinian activists against dozens of companies including Ireland's CRH, has been dismissed by a Washington DC court, the Irish Independent reports. The activists had tried to sue about 40 defendants for alleged "profiteering" related to the construction of Jewish settlements in the West Bank. The companies sued ranged from Hewlett-Packard, Volvo and Motorola, to security firm G4S. Last year, and prior to the lawsuit being launched, CRH sold its...

Spotlight on CRH

25 August 2017, Published under Cement News

CRH reported 'satisfactory growth' in the first half of this year, with stabilising trends seen in key European markets and EBITDA growth in the Americas more than offsetting reduced activity in Asia due to a challenging market environment in the Philippines. First-half trading highlights for the international building materials group include sales of EUR13bn, two per cent ahead of 2016 and one per cent ahead on a like-for-like basis. EBITDA of EUR1.175bn were up by five per cent YoY and t...

CRH plc establishes a euro commercial paper programme

31 July 2017, Published under Cement News

CRH plc has announced it has established a euro commercial paper (ECP) programme, under which its wholly-owned subsidiaries CRH Finance DAC and CRH France (UK) plc may issue from time to time unsecured short-term euro commercial paper notes through appointed dealers up to a maximum aggregate amount outstanding at any time of EUR1.5bn. The notes will be guaranteed by CRH plc and sold to investors outside the US. The programme adds flexibility to the company’s short-term funding options and...

A TEC installs alternative fuels system for CRH in Slovakia

27 July 2017, Published under Cement News

A TEC has installed an alternative fuel system for kiln riser duct firing at CRH's Turna Nad Bodvou cement plant in Slovakia. The cement plant already operated a solid alternative fuel (SAF) system for the main burner, which consists mainly of a double truck-docking station and a dosing system. The riser duct itself has a gas residence time of approximately three seconds, so a thermal substitution rate of up to 25 per cent at the riser duct is possible by limiting the material to a maxim...

Board change at CRH

27 July 2017, Published under Cement News

CRH announced that Maeve Carton, Group Transformation Director, has informed the directors of her intention to retire from the Board and from CRH on 31 August 2017. Since joining CRH in 1988, Maeve held a number of senior financial roles prior to joining the Board as finance director in May 2010. She was appointed group transformation director in January 2016. Group CEO, Albert Manifold, said: “As Group Transformation Director, Maeve’s experience and insights have been invaluable as CR...

Republic Cement outlines capacity development plans

23 June 2017, Published under Cement News

Philippine-based Republic Cement group, a joint venture between CRH and local conglomerate Aboitiz Equity Ventures, has announced plans to invest an initial US$300m for its capacity development activities, the Manila Bulletin reports. The first phase of these activities, targeted for completion by 2019, focuses on increasing the capacity of all its integrated plants in Luzon and Mindanao, both in terms of milling and clinker production, to increase cement capacity by 3Mta.  Moreover, iimpro...

CRH sees 4% advance in 1Q sales

26 April 2017, Published under Cement News

CRH reported a ‘satisfactory’ start to 2017 with first quarter sales up four per cent compared with a strong first quarter of 2016 which benefitted from very mild weather conditions across all its major markets. In a trading update released today in advance of its AGM taking place tomorrow, the Irish building materials major said group EBITDA for the "seasonally less significant first half of the year" is expected to be ahead of last year (1H16: EUR1.12bn). Based on current momentum, furth...

Irish Cement defends waste fuel plan

12 April 2017, Published under Cement News

Irish Cement has defended its plans to burn up to 90,000tpa of waste materials following concerns by local residents over the health and safety impact of the development. Brian Gilmore, head of communications with Irish Cement, said that the company’s EUR10m plant to burn waste at its Limerick plant will be “no health and safety risks, or concerns."The environmental regulations that are there are there to protect the communities," Mr Gilmore told local press. Irish Cement, part of the CRH ...