Cement News tagged under: Ireland
CRH reaches agreement on Martin Marietta acquisition22 November 2023, Published under Cement NewsCRH has reached an agreement to acquire a portfolio of cement and ready-mixed concrete (RMC) assets in Texas, USA, from Martin Marietta Materials for a total consideration of US$2.1bn. According to CRH, the combined portfolio of assets is expected to generate pro-forma 2023 EBITDA of approximately US$170m. The assets include the 2.1Mta Hunter cement plant located between San Antonio and Austin, a network of terminals along the eastern gulf coast of Texas, and a portfolio of 20 RMC pla... |
CRH reports 8% sales growth in 9M2321 November 2023, Published under Cement NewsCRH has posted sales of US$26.3bn for the first nine months of 2023, up eight per cent on the same period a year earlier. EBITDA in the 9M23 has come in at US$4.8bn, marking a 14 per cent YoY advance, while the EBITDA margin has expanded by 100bps to 18.1 per cent. According to the company, the positive momentum seen in the first half of the year continued into the third quarter, underpinned by strong commercial progress and positive underlying demand across key end-use markets. Sales ... |
Materials scientists call for wider adoption of low-carbon cement15 November 2023, Published under Cement NewsConvening at a symposium in Paris hosted by Ecocem , Europe’s leading low-carbon cement technology business, scientists shared latest research papers on low-carbon cement technologies, and focussed on ideas and materials which can accelerate decarbonisation of the sector. The meeting called for the cement and construction sectors to urgently adopt low-carbon cement technologies to radically reduce CO 2 emissions. The scientists concluded that adopting the latest developments in low-c... |
CRH and Volvo collaborate on net zero15 November 2023, Published under Cement NewsCRH and Volvo Group have signed a Memorandum of Understanding (MoU) to accelerate net-zero innovations in the design and deployment of on-road vehicles and off-road equipment used in the construction industry. According to the companies, the MoU will focus on next-generation technology deployment, scaling cutting-edge technology, and operational efficiency. Both companies are on ambitious journeys to reduce emissions. Volvo Group’s target is to have 35 per cent fully-electric sales by... |
Breedon Ireland reports 48% profit growth in 202216 October 2023, Published under Cement NewsBreedon Ireland , the Irish cement-making business of the UK-based Breedon Group , reported profit of EUR21.5m in 2022, up 48 per cent from EUR14.5m in the previous year. Revenue over the same period advanced 21 per cent to EUR72.8m, according to Irish Independent. The results come despite higher energy prices and fears over what impact the government’s planned concrete levy would have on the residential construction market. In 2022 the Irish government announced a five per cent concret... |
Ecocem proposal at Port of Los Angeles takes next step16 October 2023, Published under Cement NewsThe Port of Los Angeles has issued a Draft Environmental Impact Report (DEIR) for a proposed low-carbon cement processing facility at the port in Wilmington. According to Random Lengths News, Ecocem Materials Ltd , through its subsidiary Orcem California Inc, plans to construct a new processing facility at the port for the production of a low-carbon binder. The facility would import raw materials by ship, process them to manufacture the binder, then ship the product to customers via truc... |
CRH completes latest phase of buyback25 September 2023, Published under Cement NewsCRH plc has completed the latest phase of its share buyback programme, returning a further US$1bn in cash to shareholders. Between 30 June 2023 and 22 September 2023, 17.7m ordinary shares were repurchased on Euronext Dublin and the London Stock Exchange. This brings total cash returned to shareholders under the company’s ongoing share buyback programme to US$6bn since its commencement in May 2018. CRH has also announced that it has entered into non-discretionary arrangements with Merrill... |
CRH gains AAA rating for ESG performance18 September 2023, Published under Cement NewsCRH has received an ‘AAA’ rating from MSCI Inc, a leading provider of critical decision support tools and services for the global investment community, for its environmental, social, and governance (ESG) performance. MSCI evaluates how companies manage their ESG risks and opportunities relative to peers, and CRH has been recognised as an industry leader. According to CRH, it has achieved an ‘AAA’ rating from MSCI every year since 2014, an achievement that remains unmatched in its secto... |
Breedon commits to being an Armed Forces-friendly employer14 September 2023, Published under Cement NewsUK-based Breedon has signed the Armed Forces Covenant as part of its focus on becoming a truly inclusive organisation. Since signing the covenant, the cement producer has been awarded the bronze award in the Defence Employer Recognition Scheme, demonstrating the success of its commitment to being an Armed Forces-friendly employer. Recognising the value that service leavers can bring to a business like Breedon, the group has put new policies in place to encourage former members of the ar... |
CRH boss third-highest paid CEO on the FTSE10023 August 2023, Published under Cement NewsThe CEO of Irish building materials giant CRH, Albert Manifold, has been ranked as the third-highest paid chief executive on the FTSE 100, according to a new report by the High Pay Centre. Mr Manifold was paid GBP10.38m (EUR12.1m/US$13m) last year for his role as chief executive of CRH , a position which he has held since 2014. His pay for 2022 was surpassed by only two other chief executives. The news comes as CRH is set to move its primary stock market listing to New York from London n... |