Cement News tagged under: Ireland

RSS feed

Quinn Cement to receive new truck fleet

06 January 2020, Published under Cement News

Quinn Industrial Holdings (QIH) has taken delivery of 10 new trucks and a range of heavy mobile plant machinery. Six of the new trucks are bound for Quinn Cement. Two eight-wheel rigid tippers will be used across Quinn Quarries and Tarmac divisions. The new machinery is part of the latest phase of the company's ongoing 'Fleet and Mobile Plant Replenishment Programme' and follows the arrival of four excavators and three loading shovels in late 2018. The company has purchased over 70 artics ...

CRH forecasts record 2019 earnings

26 November 2019, Published under Cement News

Ireland-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 operations

14 November 2019, Published under Cement News

CRH 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...

Re-Gen Waste expands alternative fuel facility

22 October 2019, Published under Cement News

Ireland-based Re-Gen Waste has invested GBP5m to develop its alternative fuel production facility at Carnbane industrial estate, Newry. The expanded facility is expected to reach full production by next month. The company already exports 80,000tpa of solid recovered fuel (SRF) but will now manufacture higher calorific value pellets and baled material for the cement and steel industries. The material will be shipped to Europe through local ports. “This is an incredibly important area of...

CRH

26 September 2019, Published under Cement News

In the first six months of 2019, CRH reported an 11 per cent YoY uptick in sales revenue to EUR13,217m EBITDA over the same period expanded by 36 per cent to EUR1540m (19 per cent ahead excluding IFRS 16 leases), with the EBITDA margin advancing from 9.5 per cent in the 1H18 to 11.7 per cent in the 1H19. Trading for the six-month period benefitted from a positive underlying demand backdrop in both Europe and North America, according to the company. In Americas Materials, like-for-like (Lf...

CRH appoints chairman designate and a non-executive director

26 September 2019, Published under Cement News

CRH 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,...

Irish Cement receives EPA approval for tyre burning

19 September 2019, Published under Cement News

Irish Cement has been granted a licence by the Environmental Protection Agency to burn tyres and other solid wastes as fuel at its Mungret facility, Limerick, Republic of Ireland. The company will use the EUR10m project to move away from fossil fuel use at the plant. The plans have been subject to protests by local groups in the area, with appeals against the decision to supply the licence open for a 28-day period. However, the company has noted that the burning of the new fuels will have ...

CRH CEO sells shares in company

09 September 2019, Published under Cement News

CRH 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.

Breedon Group reports 18% revenue increase

26 July 2019, Published under Cement News

UK-based Breedon Group has reported an 18 per cent YoY rise in revenue to GBP447.4m for the first six months of 2019. Pretax profit advanced 30 per cent to GBP39.5m, compared to GBP30.4m in the 1H18. Ready-mix concrete volumes fell five per cent from 1.6Mm 3 to 1.5Mm 3 , but cement sales were up from 0.9Mt to 1Mt in the 1H19. The company also saw aggregate sales climb six per cent to 9.9Mt from 9.3Mt. "The period began well, with benign weather in the first quarter and generally healthy...

CRH divests its European Distribution business for EUR1.64bn

16 July 2019, Published under Cement News

CRH 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...