Cement News tagged under: CRH
CRH sees EBITDA rise 2% in the 1H2021 August 2020, Published under Cement NewsCRH has released its unaudited results for the first half of 2020, showing a 4.9 per cent YoY decline in revenue to US$12.2bn from US$12.85bn in the 1H19. However, EBITDA edged up two per cent on a like-for-like (LfL) basis to US$1.59bn. Profit before tax for the 1H20 reached US$518m against US$717m last year, primarily reflecting a lower profit on divestments. "As a Group we took swift and comprehensive action in response to the COVID-19 crisis, and our ability to flex our cost base and ... |
Slowly back on track in Brazil?04 August 2020, Published under Cement NewsFollowing a four-year downturn, Brazil’s cement sector was in recovery mode in 2019. However, after a slow start to the year due to inclement weather, the coronavirus pandemic resulted in a further drop in sales in spring. The latest data show signs of demand recovery with producers pinning hopes on the implementation of private and public construction projects. Brazil’s cement industry is expecting better news in the months ahead as the resumption of private and public constructio... |
CRH Romania posts 15% turnover increase in 201912 June 2020, Published under Cement NewsCRH Romania reported a turnover of RON1.1bn (US$257.45m) in 2019, a 15 per cent YoY increase compared to the previous year, according to data published on Ministry of Finance's website. The company's profit exceeded RON100m, while the number of employees remained flat at around 720. The company has two cement factories in the country. |
CRH releases trading update22 April 2020, Published under Cement NewsCRH has released a trading update for the 1Q20, reporting a three per cent increase in like-for-like sales. In North America the company’s operations in Pennsylvania, New York City and Washington state have been the most impacted to-date by the COVID-19 pandemic, while its operations in the southeast, central and western US have been less affected, according to the update. Significantly lower activity levels have also been noted in Ontario and Quebec, as a result of government restrictions... |
Cevian builds CRH stake30 March 2020, Published under Cement NewsSwedish activist fund Cevian has bought further shares in CRH in less than a fortnight. The fund now holds a 3.145 per cent stake in the Ireland-based building materials producer. Cevian first purchased shares in CRH in February, calling for a simplification of the business, but has since appeared more supportive of the management. "When this [coronavirus outbreak] passes, CRH's fundamentals will still be strong, and the business well positioned to benefit from increased public construct... |
Cement industry and the COVID-19 crisis20 March 2020, Published under Cement NewsThis week has seen growing action and concern from the construction and cement sectors on how best to fight off the coronavirus (COVID-19), which was declared a pandemic on 11 March, to keep businesses running and employees safe. Many countries have already announced emergency financial packages and stimulus measures to support businesses and protect livelihoods, as countries impose social distancing measures and quarantine measures to slow the virus. The latest reports reveal that buildi... |
Cevian Capital increases stake in CRH20 March 2020, Published under Cement NewsCevian Capital, Europe’s largest activist investor, has increased its stake in CRH to above three per cent for the first time. "As a long-term investor, we are pleased to be able to increase our ownership and commitment to CRH at a share price that is well below our view of the value of the group's assets," said Cevian Capital partner, Gustav Lundgren. "We remain convinced of CRH's potential and support the company's efforts to unlock value and enhance long-term competitiveness," he ad... |
CRH EBITDA up 25% in 201903 March 2020, Published under Cement NewsCRH plc posted a six per cent advance, or three per cent like-for-like (LfL), in sales to EUR28.3bn in 2019 when compared with 2018. The company’s EBITDA increased 25 per cent (+3 per cent LfL) YoY to EUR4.2bn while it saw an EBITDA margin increase of 230 basis points. “CRH delivered good profit growth in 2019 supported by positive momentum in our heritage businesses and strong contributions from recent acquisitions. With a continuing focus on margin expansion, cash generation and enhanced ... |
CRH seeking buyers for its Brazilian business30 December 2019, Published under Cement NewsCRH, Ireland, is selling its cement business in Brazil, which it acquired in 2015 as part of a portfolio of assets bought from Lafarge and Holcim during their merger, according to reports in Valor Economico. CRH Brasil Participacoes S.A. operates three integrated plants and one grinding mill in the states of Minas Gerais and Rio de Janeiro with a total cement production capacity of 2.75Mta. CRH has reportedly hired Citigroup to help find buyers for the Brazilian assets. The bank is already... |
Eqiom tests intermodal cement transport17 December 2019, Published under Cement NewsIn the last three weeks, France-based cement producer Eqiom has been testing the movement of cement by intermodal transport. The company hopes to find a new solution via road and inland waterways to supply its customers in Ile-de-France with up to 25 containers of bulk cement per week from its plant in Grand Couronne, near Rouen. The CRH-owned cement company expects to use a regular river transport shuttle from Le Havre to Gennevilliers, manage by Greenmodal Transport. River transporrt wa... |