Cement News tagged under: Ireland
Quinn Industrial Holdings records positive 201712 April 2018, Published under Cement NewsQuinn Industrial Holdings (QIH) has recorded a 7.4 per cent YoY increase in turnover to EUR209m for the full-year 2017 period. EBITDA saw a significant improvement of 31 per cent, from EUR18.2m to EUR23.9m. The positive results have been partly attributed to a strong performance from Quinn Building Products, which benefitted from the ongoing building recovery in the ROI and stronger exports to the UK via its new cement export hub at Warrenpoint, according to a press release. Liam McCa... |
CRH issues new bonds29 March 2018, Published under Cement NewsCRH has issued US$1.5bn of bond debt at a lower cost than expected, reports the Irish Independent. In total, it consists of a 10-year US$900m bond and a 30-year US$600m bond. Both bonds were approximately 200 basis points below initial pricing indications which suggests the level of demand, according to Robert Gardiner, Davy Analyst. The funds are expected to be used to finance the acquisition of Ash Grove Cement, which was purchased last year. |
CRH appoints Richard Boucher as a non-executive director02 March 2018, Published under Cement NewsCRH has announced the appointment of Richard Boucher to the board as a non-executive director, with effect from 1 March 2018. Mr Boucher has extensive experience in financial services, and was CEO of Bank of Ireland Group between Feb 2009-Oct 2017. Furthermore, he has held senior management positions within the Royal Bank of Scotland and Ulster Bank. Currently, Mr Boucher is a consultant for Fairfax Financial Group and is a non-executive director of Greece-based Eurobank Ergasias SA. |
CRH sees a 3% revenue increase in 3Q1721 November 2017, Published under Cement NewsCRH has reported a three per cent increase in revenue for the third quarter of 2017. The group's EBITDA has also risen two per cent YoY for the 3Q. The company’s trading performance has particularly benefitted from underlying growth in the Americas throughout the period. Elsewhere, the 3Q results from Europe have remained positively consistent with the rest of the year while performance in Asia has deteriorated. CRH has announced for the nine months of 2017 ended September, a two per cent... |
CRH plans cash bid for PPC14 November 2017, Published under Cement NewsIreland’s CRH has registered its interest in submitting a cash bid for South African cement producer PPC as it takes on AfriSam and LafargeHolcim. While PPC did not disclose the amount of the bid, it said it would give the Irish group time for due diligence and to submit an updated bid next week which would include a value per share for the company. "Historically, it would have been unusual for CRH to enter a bidding situation for a listed company, given management's preference for pu... |
CRH agrees US$3.5bn acquisition of Ash Grove Cement21 September 2017, Published under Cement NewsCRH plc has reached an agreement to buy US-based Ash Grove Cement Co for US$3.5bn. The proposed transaction is subject to Ash Grove shareholder and regulatory approvals and will be financed through existing financial resources. The transaction is expected to close around year end 2017. Albert Manifold, Chief Executive of CRH, commented: “Ash Grove is an excellent addition to CRH’s portfolio of businesses across North America as we seek to deploy our capital into high quality businesses tha... |
Financier acquires 11% stake in Ecocem05 June 2017, Published under Cement NewsFinancier Dermot Desmond is reported to have acquired a stake in Ecocem Materials, the low-carbon cement producer founded by Irishman Donal O’Riain and backed by Saint-Gobain. Ecocem holds a 70 per cent stake in a EUR30m 2Mta plant venture with ArcelorMittal and has three cement plants at Ringsend (Ireland), Moerdijk (The Netherlands) and Fos-sur-Mer (France) Via his private equity company, IIU, Mr Desmond is believed to be acquiring as much as 11 per cent of shares, possibly from the Durk... |
CRH sees 4% advance in 1Q sales26 April 2017, Published under Cement NewsCRH 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 plan12 April 2017, Published under Cement NewsIrish 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 ... |
Irish Cement to receive fossil fuel replacement go-ahead14 March 2017, Published under Cement NewsLimerick City and County Council have informed Irish Cement of their intention to grant the cement producer planning permission for its fossil fuel replacement project at its Mungret plant in Limerick, Ireland. The Mungret works is the last remaining cement plant in Ireland to start a fossil fuel replacement programme. The practice has been successfully used in Ireland for the past nine years. “We now look forward to the licence decision by the EPA later this year, which, if successfu... |