Cement News tagged under: CRH

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BCPAR joint venture buys CRH's Brazilian assets

27 October 2020, Published under Cement News

Companhia Nacional de Cimento (CNC), a wholly-owned subsidiary of BCPAR SA, company in which Buzzi Unicem holds 50 per cent of the share capital in a joint venture with Grupo Ricardo Brennand, has signed a purchase agreement for the businesses of the CRH group operating in Brazil. The CRH companies operating in Brazil own three integrated cement plants and two grinding units in the southeast. The acquisition will result in a significant strengthening of BCPAR, which also operates i...

Germany: leading the recovery

05 October 2020, Published under Cement News

The German cement sector has fared better than most during the pandemic. Cement demand is forecast to remain stable this year, with a more cautious outlook for 2021. Meanwhile, producers are embracing the latest technology for a leaner, greener manufacturing base. HeidelbergCement’s plant at Burglengenfeld, Germany, was modernised in 2017-18 with a new kiln, baghouse and SNCR system Germany’s economic growth slowed to 0.6 per cent in 2019 from 1.5 per cent the previous year,...

CRH's Group Finance Director to retire

01 October 2020, Published under Cement News

Senan Murphy intends to retire from his position as CRH's Group Finance Director during the course of 2021. The board is initiating a process to identify a successor and will make an announcement once the process is completed. Senan will continue in his role until a successor is identified and to ensure a smooth transition. He will remain as an adviser to the company post transition. Group Chief Executive, Albert Manifold said: "As Group Finance Director, Senan's experience and insights...

Ash Grove to modernise Port Manatee terminal with new ship unloader

24 September 2020, Published under Cement News

CRH-owned Ash Grove Cement (formerly Suwannee American Cement) is undertaking a major transformation project at its Port Manatee deepwater import terminal in Florida. The project will improve Ash Grove’s capacity to import cement, cement slag and flyash to meet the existing and future needs of customers in the Florida and south Georgia markets. The upgrade project includes the addition of a high-capacity FLSmidth/Kovako ship unloader at the terminal, together with the upgrade of existi...

CRH revenues expected to recover in 3Q20

28 August 2020, Published under Cement News

Following the release of CRH's 2020 interim results last Friday, ICR now takes a deeper look at what the underlying trends have been for the company's trading performance during this challenging period. First-half sales for the group were five per cent behind, with like-for-like (LfL) sales three per cent behind the 1H20, as a positive performance in the first quarter was followed by significant disruption in the second quarter. EBITDA of US$1.59bn down when compared with 2019 (1H19: US$1.6...

CRH sees EBITDA rise 2% in the 1H20

21 August 2020, Published under Cement News

CRH 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 News

Following 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 2019

12 June 2020, Published under Cement News

CRH 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 update

22 April 2020, Published under Cement News

CRH 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 stake

30 March 2020, Published under Cement News

Swedish 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...