Cement News tagged under: CRH

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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 ...

Positive outlook for 2017 despite rising energy costs

06 April 2017, Published under Cement News

LafargeHolcim, HeidelbergCement and CRH are optimistic about their global outlook in 2017, despite the challenge presented by rising energy costs. Positive output forecasts in developing markets such as India as well as Europe are expected to support demand for petcoke and other solid fuels. Ireland-based CRH said in its 4Q16 earnings call that it expects energy prices to increase this year. Around 60 per cent of its cement-related fuel requirements, which includes petcoke, coal and bi...

Ukraine: Mykolaivcement returns to profit in 2016

24 March 2017, Published under Cement News

PJSC Mykolaivcement, owned by CRH of Ireland, reached a net profit of UAH31.394m (US$1.16m) in 2016, a considerably improved result when compared with the 294.6m loss reported in 2015. Current liabilities decreased by 33.4 per cent to UAH 212.621m, while long-term liabilities increased by 10.3 per cent to UAH 711.125m. PJSC Mykolaivcement operates a 1.4Mta plant in Mykolaiv, in Ukraine’s Lviv region.

CRH's regional businesses push group sales up in 2016

13 March 2017, Published under Cement News

CRH recorded sales of EUR27.1bn in 2016, 15 per cent up on 2015. Divestments and disposals generated total profits of EUR55m, boosting group revenues in several regions. The UK, Ireland and Spain delivered strong cement volumes for the group and white cement sales were up 18 per cent in Ireland, although domestic prices were constrained with overcapacity. While cement and ready-mix volumes were ahead in Spain, operating profits were lower than 2015. French cement deliveries were...

Germany: Karsdorfer and Sötenich plants for sale

02 March 2017, Published under Cement News

CRH confirmed with its annual 2016 results, that it will sell a large portion of its German cement assets, as part of a wider EUR400m divestment programme. The company has agreed to sell the Karsdorfer integrated cement plant (2.3Mta) and Sötenich grinding plant (0.45Mta), to an unnamed purchaser, subject to approval by the German Competition Authority (Bundeskartellamt). CRH is expected to retain its third plant at Wössingen. It is possible that an existing German cement producer would...

CRH rules out supply to Trump’s planned Mexican wall

02 March 2017, Published under Cement News

CRH CEO, Albert Manifold, has insisted that its US businesses will not supply materials for the construction of Donald Trump's planned wall between the USA and Mexico. He said that CRH's geographic spread in the US is primarily focussed on the Northeast and Midwest and has “no significant operations anywhere near southern Texas, New Mexico, Arizona and southern California. "We've a broad-based business through the United States — in fact we're present in all 50," he said. "But one are...

CRH 2016 gross profits up 69%

01 March 2017, Published under Cement News

CRH released its 2016 results with its gross profits at EUR1741m up by 69 per cent on its EUR1033m in 2015. Operating profits were also up EUR2027m, as against EUR1277 a year earlier. CRH announced that margins and revenues were ahead in all business divisions and sales of building materials amounted to EUR27.1bn, 15 per cent ahead of 2015. Meanwhile, EBITDA was up 41 per cent to EUR3.1bn, and EBITDA margin was 11.5 per cent up from 9.4 per cent in 2015. The group recorded cash inflow ...