Cement News tagged under: Ireland
CRH shareholders back US listing27 April 2023, Published under Cement NewsCRH 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... |
CRH reports 7% sales growth in 1Q2326 April 2023, Published under Cement NewsCRH has reported a “positive start” to the year with 1Q23 sales up seven per cent YoY across the group. Americas Materials Solutions saw a 10 per cent advance in sales in the 1Q23, compared to the same period in 2022, driven by robust pricing which more than offset the impact of unfavourable weather during the quarter. Essential Materials saw a 15 per cent improvement in sales YoY, while Road Solutions recorded a seven per cent uptick YoY, supported by strong price progression and good und... |
Mannok Holdings records 18% rise in turnover in 202221 April 2023, Published under Cement NewsMannok Holdings 2022 operating performance for the 12 months ended 31 December 2022, saw turnover increased by 17.7 per cent on the prior year period from EUR269.9m to EUR317.7m, largely driven by inflationary induced pricing. Despite the inflationary environment, EBITDA was unchanged on the prior year period at EUR25.8m, reflecting a gradual pass through of rising input costs, fluctuations in the euro-sterling exchange rate and a softening of demand in response to price pressur... |
Mannok Cement cuts CO2 with CATAGEN and biohydrogen technology17 April 2023, Published under Cement NewsCATAGEN, a net zero innovation company, and Mannok , a cement and construction products manufacturer, conducted a six-month feasibility study to explore the decarbonisation of Mannok’s cement operations using CATAGEN’s future suite of ClimaHtech technologies. Through the introduction of and oxygen from CATAGEN’s HGEN (renewable hydrogen generator) aided waste heat recovery, Mannok’s carbon emissions were reduced by seven per cent at its cement plant in Co Cavan, Ireland. Th... |
First FLSmidth FUELFLEX® Pyrolyzer installed at Mannok31 March 2023, Published under Cement NewsFLSmidth has celebrated the installation of its FUELFLEX ® Pyrolyzer at Mannok Cement , Ireland. The world’s first FUELFLEX ® Pyrolyzer has been successfully been in operation at the Mannok plant since July 2022. Mannok now controls NO x emissions without needing to use ammonia water and increase alternative fuels utilisation, thus putting the plant firmly on the path to achieve its 2030 Vision target of reducing CO 2 emissions by 33 per cent compared to 2020 levels. T... |
Ecocem creates Head of People and Culture position24 March 2023, Published under Cement NewsEcocem has announced the appointment of Jennifer Dolan as Head of People and Culture. In this role, her responsibilities will include oversight of the company’s people strategy and objectives, and evolving Ecocem’s workplace ethos and culture to support the business’ ambitious mission. Ms Dolan brings over 15 years of experience in the HR industry. Prior to joining Ecocem, she held various roles leading HR programmes at technology companies, including a decade-long tenure at Ve... |
CRH appoints new non-executive director22 March 2023, Published under Cement NewsCRH plc has appointed Christina Verchere as non-executive director, effective from 20 March 2023. Ms Verchere, a dual British and US citizen, is chief executive officer of OMV Petrom SA (OMVP), a position she has held since 2018. OMVP is the largest integrated energy company in southern and eastern Europe, and is active across the energy value chain from oil and gas production to power generation and supply. Prior to joining OMVP, Ms Verchere spent over 20 years working with BP plc, whe... |
Ecocem Director speaks out against composition of Net Zero Industry Act17 March 2023, Published under Cement NewsEcocem ’s Founder and Managing Director, Donal O'Riain, has spoken out on what he terms a missed opportunity with the passing of Europe's Net Zero Industry ACT (NZIA). Mr Riain stressed that the Net Zero Industry ACT (NZIA) takes no account of alternative technologies to cut in half CO 2 emissions from the cement industry by 2030. From a low-carbon cement technology perspective, the scope of the NZIA is very specific. Companies and technologies will need to fall in to one of the narrow... |
Ecocem founder denounces narrow CCUS focus of UK government16 March 2023, Published under Cement NewsFollowing the UK government’s announcement in its budget to invest GBP20bn (US$24.1bn/EUR22.8bn) in carbon capture technology, Donal O'Riain, Ecocem ’s founder and director, voices his concern at the narrow focus of the government’s decarbonisation strategy. Mr O’Riain comments: “All investment in reducing global carbon emissions is welcome, but today’s announcement by the UK Government that it will invest GBP20bn in carbon capture technology is another example of how focussing exclusive... |
CRH proposes moving stock listing to New York06 March 2023, Published under Cement NewsCRH is considering moving its main stock market listing from London to New York. According to the company, around 75 per cent of its income comes from the North American market. In 2022 its materials business reported 15 per cent YoY growth in the Americas, with the US Infrastructure Investment and Jobs Act, Inflation Reduction Act and Chips Act all helping to fuel a boom in construction activity. "We would have higher levels of growth if we were to list our business in America. It'... |