Cement News tagged under: CRH

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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 ...

A burning success

30 November 2016, Published under Cement News

A new multi-fuel burner has enabled CRH’s Rohoznik plant in Slovakia to further increase its alternative fuel substitution rate. The cement works raised its solid recovered fuel (SRF) use to 80 per cent thanks to the new jetflex burner supplied by FLSmidth. By Mads Nielsen and Carsten Damslund Jensen, FLSmidth, Denmark. The JETFLEX ® kiln burner has been in operation at CRH Rohoznik since early February 2016 and is enabling the cement plant to increase thermal substitution rates ...

CRH revenues rise to US$22bn on stronger US construction activity

17 November 2016, Published under Cement News

In a trading update covering the first nine months of 2016, CRH announced that its sales revenues had reached EUR20.4bn (US$21.9bn) with improved performances in its European, Asian and American operations. On a pro forma basis, accounting for new revenues generated by acquisitions from LafargeHolcim, sales were six per cent higher in the year to September 2016 than they had been in the same period in 2015. The firm’s EBITDA improved by a greater margin – 14 per cent – reaching EUR2.4bn f...

USA: CRH share price rises on Trump's election

10 November 2016, Published under Cement News

CRH's shares shot up by eight per cent on the Irish Stock Exchange (Iseq) yesterday on the back of Donald Trump's US Presidential win adding EUR2bn to the company's market capitalisation, valuing it at EUR26.8bn.   CRH's shares soared to a more than nine-year high after Mr Trump confirmed in his acceptance speech that he intends pumping money into US infrastructure projects, including roads, airports and hospitals. CRH is the largest producer of asphalt and the third-largest producer of con...

Visible cracks

10 October 2016, Published under Cement News

Over the last 18 months CDP has analysed sectors ranging from electric utilities and automotive manufacturing to extractives and has benchmarked how leading players manage climate risks and opportunities. In June it was the turn of the cement sector, as CDP published ‘Visible Cracks’, its first report for investors on the global cement industry. This publication revealed how differently companies in the sector are preparing for the transition to a low-carbon economy. By Tarek Soliman and Cha...