Cement News tagged under: Ireland

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CRH confirms watchdog search at Platin works

18 May 2015, Published under Cement News

CRH 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 America

06 May 2015, Published under Cement News

CRH'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 2016

27 April 2015, Published under Cement News

CRH 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 News

CRH’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 appointment

19 February 2015, Published under Cement News

CRH 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 ladder

06 February 2015, Published under Cement News

News 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...

CRH announces 2014 acquisition spend of EUR0.19bn

08 January 2015, Published under Cement News

CRH announced a total 2014 acquisition and investment spend of EUR0.19bn, reflecting the completion of 21 transactions. On the divestment front, the group undertook 16 transactions and realised total disposal proceeds of EUR0.35bn. Commenting on these developments, Albert Manifold, CRH Chief Executive, said: “In August 2014 we announced a multi-year EUR1.5 billion to EUR2 billion divestment programme; the proceeds of EUR0.35bn generated in 2014 demonstrate that this programme is well underw...

CRH announces non-executive board appointment

22 December 2014, Published under Cement News

The Board of CRH plc is pleased to announce the co-option to the Board, with effect from 1 January 2015, of Patrick J Kennedy as a non-executive director. Mr Kennedy (61), an Irish citizen, retired in 2014 as chairman of the Executive Board of Directors of SHV Holdings (SHV), a large family-owned Dutch multinational company with a diverse portfolio of businesses, including the production and distribution of energy, the provision of industrial services, heavy lifting and transport solutions,...

CRH announces clay and concrete disposals

15 December 2014, Published under Cement News

CRH has said that it has reached agreement to dispose of its clay and concrete businesses in the UK and its clay business in the US to funds managed by Bain Capital Europe LLP for an enterprise value of GBP414m (EUR522m). This amount excludes real estate assets with an estimated market value of GBP£30m that are being retained by CRH for future disposal. The transaction is subject to regulatory approvals and is expected to close in 1H15. The business being divested comprises clay compan...

CRH returns to first-half pretax profit

19 August 2014, Published under Cement News

CRH's first half turnover advanced by four per cent to EUR8,324m and the EBITDA improved by 27.2 per cent to EUR505m. The trading profit jumped from EUR41m to EUR171m and after a net interest charge 2.7 per cent higher at EUR150m, the pre-tax result went from a loss of EUR71m to a EUR61m profit. The net attributable result went from a EUR57m loss to a EUR46m profit. Net debt at the end of June was 11.6 per cent lower at EUR3,703m, giving a gearing level of 39.9 per cent, which compares wi...