Cement News tagged under: Ireland

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CRH first-half development spend EUR0.25bn

03 July 2012, Published under Cement News

CRH plc has completed 18 acquisition and investment initiatives undertaken during the first-half of 2012. The 18 transactions, comprising five in Europe and 13 in the Americas, bring first-half development spend for the Group to approximately €0.25bn, the group said in a development strategy update today. The European deals amounted to an investment of EUR155m. These transactions include a significant addition in Germany to the company’s RMI-oriented Shutters & Awnings business and two ac...

Irish Cement workers reach settlement, Ireland

21 May 2012, Published under Cement News

Workers at Irish Cement, a subsidiary of CRH, on Friday voted to accept proposals agreed between the company and worker representatives which provides a settlement to the dispute at plants in Castlemungret, Co. Limerick and Platin, Co. Meath. SIPTU Organiser, Karan O'Loughlin, said: "The workers have voted by a large majority to accept the proposals agreed between worker representatives and the company following a mediation process overseen by an independent chairman. "The implementati...

Irish Cement workers to vote against CRH directors

26 April 2012, Published under Cement News

Irish Cement workers will use their voting rights as shareholders in CRH to oppose the re-election of the company's existing directors at its Annual General Meeting (AGM) scheduled for 9 May 2012. The workers are in the fourth week of their strike action at production plants owned by Irish Cement Ltd which is a wholly owned subsidiary of CRH. The dispute concerns the company’s refusal to honour a Labour Court recommendation relating to the payment of outstanding monies due to its emplo...

Irish Cement strike enters third week, Ireland

17 April 2012, Published under Cement News

Management at Irish Cement has expressed disappointment at the escalation of industrial action at its two locations at Platin in County Meath and Castlemungret in County Limerick which has now entered its third week. Strike action began on 3 April following a decision to take industrial action by the Irish Cement Group of Unions which includes SIPTU, TEEU and Unite. Irish Cement staff are calling on the company to honour a Labour Court recommendation relating to the payment of outstanding...

Irish Cement strike action continues, Ireland

12 April 2012, Published under Cement News

Workers at the Irish Cement production plants in Limerick and Platin are continuing strike action over a dispute surrounding the company’s failure to honour a Labour recommendation relating to the payment of outstanding monies to its employees. Local press have reported that pickets were placed on the entrances of the two plants on Tuesday following a decision to take industrial action by the Irish Cement Group of Unions. Speaking to Inside Ireland, Secretary of the Irish Cement Group ...

Readymix agrees to Cemex buy-out offer, Ireland

09 April 2012, Published under Cement News

Shareholders of Irish cement maker Readymix have voted to sell the 38 per cent share of the company not owned by Cemex to the Mexican cement major. At a meeting to vote on the deal, some 97.56 per cent of shareholders agreed to the 25 cents per share offer which had been increased from 22 cents per share. Readymix will now apply to the High Court to confirm the date for the court hearing to sanction the scheme. It is expected that the court hearing will be held on May 8. Cemex made an ...

Irish Cement workers begin strike action

05 April 2012, Published under Cement News

Workers at Irish Cement Ltd, Platin have commenced strike action in a dispute over what they claim is the company's failure to honour a Labour Court recommendation relating to the payment of outstanding monies to its employees. Local newspaper, the Drogheda Independent reported that pickets were placed on the plant entrances on Tuesday morning at 8am following a decision to take industrial action by the Irish Cement Group of Unions which includes SIPTU, the TEEU and Unite. Secretary of the...

CRH helped by acquisitions

28 February 2012, Published under Cement News

CRH's turnover recovered by 5.3% last year to €18,081m and the EBITDA was ahead by 2.5% to €1656m. The trading profit rose by 24.8% to €871m and after other charges, including a net interest charge 5.1% higher at €229m, the running pre-tax profit improved by 12.9% to €743m. The net attributable profit advanced by 36% to €597m. Net debt at the end of December was 0.3% higher at €3483m and the gearing level was marginally lower at 32.9% compared with 33.4%, as shareholder's funds increased by ...

CRH announces non-executive Board appointment

23 February 2012, Published under Cement News

The Board of CRH plc is pleased to announce the co-option to the Board of Ms. Heather Ann McSharry as a non-executive Director. Ms. McSharry (50) is Chairman of the Board of Trustees of Bank of Ireland Pension Fund and is a director of Ergonomics Solutions International, IDA Ireland and the Institute of Directors. She is a former Managing Director of Reckitt Benckiser and Boots Healthcare in Ireland and was previously a director of Bank of Ireland and Enterprise Ireland. She holds a Ba...

CRH announces appointment of chairman designate

22 February 2012, Published under Cement News

The Board of CRH today appointed Mr. Nicky Hartery as Chairman Designate, to succeed the present Chairman, Mr. Kieran McGowan. Mr. McGowan, who has been Chairman since May 2007 and a Board member since 1998, will retire after the Company’s Annual General Meeting, which is scheduled for 9th May 2012. Mr. Hartery (60) who joined the Board of CRH in 2004, was Vice President of Manufacturing and Business Operations for Dell Inc.’s Europe, Middle East and Africa (EMEA) operations from 2000 to ...