Cement News tagged under: CRH
CRH reportedly in talks to sell stake in Indian joint venture13 December 2019, Published under Cement NewsCRH is reportedly in talks to exit its joint venture with India’s My Home Group, according to VC Circle. In 2008, CRH acquired the 50 per cent stake in My Home Industries for around US$450m and the deal would see this returned to the Indian group. My Home Industries operates across four locations in Andhra Pradesh, Tamil Nadu and Telangana, with a total cement capacity of 9.6Mta. The company is a market leader in Andhra Pradesh and Telangana under its flagship brand of Maha Cement. |
CRH forecasts record 2019 earnings26 November 2019, Published under Cement NewsIreland-based building materials major CRH predicts that its full-year earnings will expand by 23 per cent to reach a record EUR4.15bn. The trading outlook follows the company's announcement of its January-September 2019 results. Group sales rose nine per cent YoY to EUR21.8bn in the 9M19. There was a six per cent YoY increase in sales by its Europe Materials division, while Americas Materials sales advanced by four per cent YoY. Building products sales were up three per cent when compared... |
CRH reportedly looks to sell Philippine operations14 November 2019, Published under Cement NewsCRH is reportedly considering a sale of its Philippine cement business as the company seeks to raise cash by selling non-core assets, according to the Irish Independent. JP Morgan Chase is said to be assisting with finding a buyer for the operations, which could be valued between US$2-3bn. The company is currently receiving bid interest from Asia and Europe. However, the plans are still at a preliminary stage and no final decision has been made. CRH acquired Philippines-based Republic Cem... |
Votorantim28 October 2019, Published under Cement NewsVotorantim is among the companies believed to be interested in buying LafargeHolcim’s Australian and New Zealand divisions, according to The Australian. The cement giant is reportedly considering exiting the two countries in a bid to drive down debt levels. Cement Australia Pty Ltd and Cement Australia Partnership (CACAP) is the company that LafargeHolcim operates as in Australia. It currently operates two integrated plants at Railton, Tasmania and Gladstone, Queensland, and two grinding ... |
Cembureau members look to pilot test new EC building assessment framework17 October 2019, Published under Cement NewsThree member-companies of Cembureau, the European Cement Association, have successfully completed a pilot test of the European Commission's new building assessment framework, Level(s). Level(s) is a voluntary building assessment framework covering six broad areas: greenhouse-gas emissions, resource use, water use, healthy and comfortable spaces, resilience to climate change, and life-cycle cost. The buildings tested by Cembureau's members were a sustainable single-family housing developme... |
CRH appoints chairman designate and a non-executive director26 September 2019, Published under Cement NewsCRH plc has appointed Richard Boucher as chairman designate on 25 September 2019. The Board has also appointed Johan Karlström as a non-executive director, with effect from 25 September 2019. Mr Boucher will succeed the present chairman, Nicky Hartery, on 1 January 2020. Mr Hartery, who has been chairman since May 2012 and a board member since 2004, will retire as chairman and from the Board on 31 December 2019. The Board has also appointed Mr Johan Karlström as a non-executive director,... |
CRH CEO sells shares in company09 September 2019, Published under Cement NewsCRH Chief Executive Officer, Albert Manifold, has sold 102,621 shares at EUR29 each just below the 52-week high of EUR31, totalling EUR2.98m, reports the Financial Times. CRH recorded record cash profits in August 2019 at EUR1.54bn (GBP1.39bn) over 1H19, a 36 per cent rise on 1H18. |
CRH reports sales of EUR13.2bn in 1H1922 August 2019, Published under Cement NewsCRH reported that group sales in 1H19 amounted to EUR13.2bn, up 11 per cent when compared with 1H18. EBITDA was 36 per cent ahead of 1H18 and the EBITDA margin rose by 11.7 per cent. Profit before tax was EUR707m for the 1H19. The 1H19 benefitted from increased demand in Europe and North America and from currency exchange movements. Americas Materials' like-for-like (LfL) sales were two per cent higher in 1H19 than in 1H18 despite adverse weather conditions. Europe Materials saw a six... |
CRH to divest European Distribution business to Blackstone02 August 2019, Published under Cement NewsCRH plc has agreed to divest its European Distribution business to private equity funds managed by Blackstone for EUR1.64bn, subject to regulatory approval. The sale includes CRH's entire General Builders Merchant business in Europe, including its sanitary heating and plumbing business. It supplies building materials to professional builders, specialists contractors and DIY customers through a network of local and regional brands across six countries in western Europe. The divestment follo... |
CRH divests its European Distribution business for EUR1.64bn16 July 2019, Published under Cement NewsCRH has agreed the divestment of its European Distribution business to private equity funds managed by Blackstone for an enterprise value of EUR1.64bn in cash, subject to regulatory approval. The divested business unit consists of CRH's entire general builders merchants business in Europe, including its sanitary heating and plumbing business that serve professional builders, contractors and DIY customers across six countries. In 2018 the business unit generated proforma EBITDA of EUR155m on... |