Cement News tagged under: Ireland

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CRH attracts new investors prior to US move

17 August 2023, Published under Cement News

CRH is attracting new investment prior to its move to the New York Stock Exchange in September this year. According to the Irish Independent, at least 26 hedge funds have announced new or expanded American depository receipts (ADRs) in CRH. In total, hedge funds bought a net 7.53m ADRs in CRH in the three months up to 30 June 2023, reports Bloomberg. Among the investors are Soros Fund Management, owned by billionaire George Soros, which now holds ADRs worth around US$20m, and Seth Klarma...

FLSmidth and Mannok partner on SCM project

15 August 2023, Published under Cement News

FLSmidth and Ireland-based cement producer Mannok are partnering on a new decarbonisation research project to maximise supplementary cementitious materials (SCMs) in cement composition, using digitalisation and advanced predictive modelling. SCMs are expected to play a key role in the cement industry’s pathway to net-zero. Covering a range of materials, from natural pozzolans to calcined clay and industrial byproducts, SCMs have a lower-carbon footprint than traditional Portland clinker...

CRH votes to move to New York Stock Exchange

09 June 2023, Published under Cement News

CRH shareholders have overwhelmingly approved the unanimous recommendation of the Board and management team to transition to a US primary listing on the New York Stock Exchange (NYSE). The group will retain a standard listing on the London Stock Exchange (LSE) and will de-list from Euronext Dublin. The changes are expected to take effect on or around 25 September 2023. “We believe a US primary listing will bring increased commercial, operational and acquisition opportunities for our bu...

Ecocem appoints innovation project manager

09 June 2023, Published under Cement News

Ecocem has appointed Jaouad Nadah as its new innovation project manager, responsible for the coordination of Ecocem’s ACT technology. Mr Nadah brings with him over 10 years’ experience in the construction sector, having previously held roles at Eqiom and Holcim , where his focus was on innovation in the low carbon cement market. Commenting on the appointment, Donal O’Riain, founder and group managing director at Ecocem, said, “The launch of our ACT technology last November marked a hug...

Meeting the biodiversity challenge

26 May 2023, Published under Cement News

This week saw the UN-sanctioned "International Day for Biological Diversity", dedicated to promoting its new theme "From Agreement to Action: Build Back Biodiversity". The next UN Climate Change Conference, COP 28, which takes place in Dubai, UAE at the end of the year will advance this agenda further, as well as take stock of the implementation of the Paris Agreement objectives for biodiversity. Recognition of biodiversity loss and the need to change damaging practices is a starting poin...

Breedon completes three bolt-on transactions

22 May 2023, Published under Cement News

Breedon Group plc has recently completed three bolt-on transactions with a combined enterprise value of up to GBP19m (US$23.6m). In Northern Ireland the acquisition of Robinson Quarry Masters Ltd, a family-run quarrying and concrete block business in Country Antrim, has further extended Breedon’s footprint north of Belfast in the housing, commercial and infrastructure end-markets, and enhanced its aggregate reserves in the country. In Great Britain it has acquired two downstream busine...

Breedon joins London Stock Exchange's Premium Listing segment

18 May 2023, Published under Cement News

Breedon has announced its admission to the Premium Listing segment of the main market of the London Stock Exchange and the simultaneous cancellation from trading on the AIM market at 8.00h on 17 May 2023. Rob Wood, CEO, commented: “Today marks a significant moment in Breedon’s history as we celebrate our move from AIM to the Premium Listing Segment of the Official List and to trading on the Main Market of the London Stock Exchange.  “As an established business with a track record for...

Irish Cement named as one of biggest polluters

09 May 2023, Published under Cement News

Irish Cement Ltd  (part of CRH ) has been named among Ireland’s biggest climate polluters, according to a report in the Irish Independent. The cement producer joins other household brands, such as Ryanair and Pfizer, with the latest records showing that a group of just 100 factories, power plants and airlines emitted around 25Mt of CO 2 in Ireland in 2022.  Irish Cement currently runs the 2.8Mta integrated Platin cement plant and the 1.2Mta integrated Limerick works. 

CRH supplies major highway project in Utah

28 April 2023, Published under Cement News

CRH is playing an integral part in the West Davis Corridor project in Utah, USA. The 27km (17-mile), four-lane greenfield highway project will include freeway-style interchanges and 10 miles of new trails for biking and walking. Construction of the corridor began in 2021 and will require 7.2Mt of aggregates, 445,000t of asphalt and 42,050m 3 (55,000 cubic yards) of ready-mixed concrete. Staker Parson Materials & Construction, a CRH company, is delivering key components to the project,...

CRH shareholders back US listing

27 April 2023, Published under Cement News

CRH has confirmed that it will be pursuing a US primary listing, along with a US equity index inclusion “as soon as possible”, said the company. North America now accounts for around 75 per cent of the group's EBITDA and is expected to be a key driver of growth in the future. “We believe a US primary listing will bring increased commercial, operational and acquisition opportunities for our business, further accelerating our successful integrated solutions strategy and delivering even h...