Cement News tagged under: Ireland
CRH's first-half driven by the Americas27 August 2015, Published under Cement NewsCRH's first half turnover advanced by 12.6 per cent to €9,370m and the EBITDA improved by 9.9 per cent to €555m. The trading profit increased by 11.2 per cent to €189m and after a net interest charge 8.6 per cent higher at €139m, the pre-tax profit increased by 3.3 per cent to €63m. The net attributable result improved by €1m to €46m. Net debt at the end of June was 67.3 per cent lower at €1212m, giving a gearing level of 9.7 per cent, which compares with 39.9 per cent a year earlier. ... |
Ireland: EPA to investigate Limerick dust emissions28 July 2015, Published under Cement NewsAs it cleared a blockage from its preheater, Irish Cement’s Limerick plant caused a dust emission that coated cars and houses. The dust release at around 4am on Saturday 25 July affected residents in a 3km-5km radius around the Castlemungret facility. The Environmental Protection Agency (EPA) said it was advised that a blockage occurred in a preheater tower and while removing the blockage, a “dust release occurred”. It added it would require a full investigation and assessment report int... |
Irish competition watchdog to go to High Court as part of cement industry investigation19 June 2015, Published under Cement NewsIreland’s Competition and Consumer Protection Commission (CCPC) will go to the High Court next month as part of its probe into alleged anti-competitive practices in the cement industry, according to a report in the Irish Times. The State’s competition watchdog last month seized thousands of documents when it raided the offices of CRH subsidiary Irish Cement. It also visited the offices of several other companies. The daily newspaper reported that the CCPC will ask the court next month to r... |
Quinn fined for 2014 breaching dust emissions26 May 2015, Published under Cement NewsQuinn Cement Ltd has been fined EUR2000 plus costs after the company pleaded guilty to having previously failed to control dust emissions from its plant in Ballyconnell, Ireland. Reports of at least three houses and cars in the nearby area being coated in a film of cement dust were made to the Environmental Protection Agency (EPA) after a filter bag failed at the plant between 5-8 Septembeer 2014. Cavan District court heard on 21 May how the plant was shut down, while the fault was found a... |
CRH confirms watchdog search at Platin works18 May 2015, Published under Cement NewsCRH has confirmed its Platin works in Ireland, owned by its subsidiary Irish Cement, has been searched by the Competition and Consumer Protection Commission. “Irish Cement fully facilitated the inspection and is continuing to co-operate with the Competition and Consumer Protection Commission. Inspections regarding competition policies, procedures and practices are an accepted part of the business environment around the world. “Irish Cement operates to the highest business standards across ... |
CRH: good advance in North America06 May 2015, Published under Cement NewsCRH's underlying sales in the first four months declined by around two per cent in Europe and increased by about eight per cent in the Americas during the first four months of the year. Some EUR45m was spent on acquisitions and investment during the first four months, while EUR540m was raised from divestments during the period. The group EBITDA in the first half expected to be around 10 per cent ahead of last year. Europe Heavy building materials volumes in Ireland continued to recover a... |
CRH Group Finance Director to assume Global Group Transformation role effective January 201627 April 2015, Published under Cement NewsCRH plc announces that Maeve Carton, Group Finance Director, will lead a new strategic group function within CRH, commencing on 1 January 2016. As Group Transformation Director, Maeve will identify and implement the optimum financial and business model for the Group in the years ahead. In this new role, Maeve will drive improved shareholder returns by identifying further synergies, efficiencies and cash generation opportunities as CRH continues to grow and acquire new businesses. She wil... |
CRH earnings up 11%26 February 2015, Published under Cement NewsCRH’s turnover increased by 4.9 per cent in 2014 to EUR18,912m while the EBITDA advanced by 11.3 per cent to EUR1641m. The trading profit before charging EUR49m of impairments rose by 28.8 per cent to EUR966m. The net interest charge declined by 1.2 per cent to EUR246m and a EUR77m gain on disposals, compared with EUR26m in 2014, led to a pre-tax profit of EUR761m compared with a loss of EUR215m in 2013. The net attributable result swung from a EUR296m loss to a profit of EUR582m. Net d... |
CRH announces non-executive board appointment19 February 2015, Published under Cement NewsCRH announced the co-option to the Board, with effect from 1 March 2015, of Ms. Lucinda Riches as a non-executive Director. Ms Riches (53), a British citizen, is a non-executive director of UK Financial Investments Limited, which manages the UK Government’s investments in financial institutions. She is a non-executive director of Diverse Income Trust plc, Graphite Enterprise Trust plc, the British Standards Institution and a non-executive member of the Partnership Board of King & Wood Ma... |
CRH: climbing the building materials ladder06 February 2015, Published under Cement NewsNews that CRH has beaten off competition to acquire a package of assets from Lafarge and Holcim ahead of their planned merger has been welcomed by the market, but not everyone is convinced by the rationale and apparent shift in strategy. CRH confirmed on Monday that it had “entered into a binding agreement to acquire certain assets currently owned by either Lafarge and Holcim that the companies must sell for their proposed merger to receive regulatory approval across various juris... |