Cement News tagged under: Ireland

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Ireland: Quinn Cement open Warrenpoint export hub

08 February 2017, Published under Cement News

Quinn Cement has establised a new cement export hub in Warrenpoint Harbour in Co Down, Ireland, in a GBP2.5m (EUR2.9m) investment. With a capacity to move 7500t, the export facility will service Quinn Cement's base in Co Cavan. The hub will be operated over a 10-year period in conjunction with the Warrenpoint Harbour Authority. Final commissioning for the project was approved at the end of January. The investment will complement the GBP1.3m upgrade to the Quinn Cement import facility ...

Ireland: EPA to weigh in on Limerick plans

23 December 2016, Published under Cement News

Limerick Council has engaged consultants with a view to making an unprecedented submission over Irish Cement’s EUR10m Mungret plans, which will see fossil fuels replaced by the burning of tyres. At this week’s metropolitan meeting, metropolitan district boss, Kieran Lehane, confirmed consultants had been appointed to “carry out an appraisal of the air quality, health and climate change elements of the applications and further submissions.” The consultants’ report is expected to be comp...

Irish Cement AF proposal receives backlash

10 November 2016, Published under Cement News

Willie O’Dea, technical director or Fianna Fáil (Irish political party) has accused Irish Cement of “an illegitimate and wrongful attempt” to influence a planning decision after company bosses insinuated that it may not have a future in the region should its plans to switch to alternative fuels be blocked. Irish Cement’s EUR10m proposal will apparently secure the future of 80 jobs and see fossil fuels gradually phased out over ten years, to be replaced with the burning of tyres and waste ...

Ireland: cement firms make windfall profits from ETS permits

18 April 2016, Published under Cement News

CRH, Lagan Cement and Quinn Cement have together made EUR128m (US$145m) through the sale of permits under the EU emissions trading scheme (ETS).  On Sunday, the Irish Independent reported that the three firms were allocated credits on the basis of a prediction that demand would rise by 30 per cent between 2007 and 2012. The impact of the financial crisis instead caused demand to drop by over 60 per cent, allowing the companies to sell off their un-needed carbon credits. Donal O'Riain o...

CRH boss Ireland’s best-paid CEO

18 April 2016, Published under Cement News

Albert Manifold, chief executive of CRH, is Ireland's best-paid CEO, earning EUR5.53m a year (US$6.25m) according to a survey by the Sunday Independent. Mr Manifold earns over EUR1m more than the next best-remunerated boss, Kerry Group’s Stan McCarthy. CRH has expanded rapidly in recent years, taking on debt to purchase assets from LafargeHolcim as the latter shrank down its operations to satisfy regulators. CRH is now thought to be less keen on acquisitions as it works to integrate it...

Ecocem to invest EUR5m in two UK terminals

21 March 2016, Published under Cement News

Ireland-based Ecocem will open a new terminal at Runcorn, on the Manchester Ship Canal, to help the company import into the UK, and plans a second terminal later this year in the southeast of the country. The two terminals represent an investment of EUR5m. The closure of steel plants and coal-based power stations in the UK has led to a decreased supply in key raw materials for blended cements such as Ecocem’s ground granulated blast furnace slag (GGBS) cement and together with a fall in U...

Irish Cement's AF plans opposed by local Green Party

17 March 2016, Published under Cement News

Irish Cement’s plans to convert its Limerick plant to burn alternative fuels have run into opposition from the local Green Party.   Earlier in March, the CRH group company said it was seeking approval from Limerick City and County Council to burn used tyres as well as shredded plastics. However, this has been opposed by the Green Party’s James Gaffney, who unsuccessfully stood in the Irish parliamentary elections for Limerick City in February. Mr Gaffney told the Limerick Leader that h...

Irish Cement applies for AF burning planning permission

08 March 2016, Published under Cement News

Irish Cement has formally applied for planning permission to burn alternative fuels at its plant in Limerick, according to local press reports. The CRH group company is seeking approval from Limerick City and County Council to burn used tyres as well as shredded plastics. As part of the development, the company is planning to construct a tyre storage area with a tyre handling/separation area and an associated conveyor, the report by the LImerick Leader noted.

CRH full-year sales 25% ahead

03 March 2016, Published under Cement News

CRH's turnover rose by 25 per cent in 2015 to EUR23,635m while the EBITDA advanced by 35.2 per cent to EUR22198m. The trading profit increased by 39.3 per cent to EUR1277m. The net interest charge rose by 19.9 per cent to EUR295m and there was a EUR101m gain on disposals, compared with EUR77m in 2014, which led to a pre-tax profit 35.7 per cent higher at EUR10331m. The net attributable profit was 24.4 per cent ahead at EUR724m. Net debt at the end of December was 57.3 per cent higher at EU...

Quinn Cement signs agreement for new cement silos

02 March 2016, Published under Cement News

Quinn Cement (NI) Ltd and Warrenpoint Harbour Authority (WHA) have signed contracts, which will see the construction five new cement silos at Warrenpoint Harbour, with a total storage capacity of 7500t dedicated to the export of bulk cement from the Quinn Cement operations in Ireland. The 10-year renewable agreement between Quinn Cement and WHA involves a GBP2.5m investment by Quinn. Work on the project is due to commence immediately with completion expected in September of this year. Qui...