Cement News tagged under: ireland
CRH completes third phase of share buyback31 December 2018, Published under Cement NewsCRH has completed the third phase of its share buyback programme . Between 27 November and 21 December 2018, 4.1m ordinary shares were repurchased on the London Stock Exchange, bringing total cash returned to shareholders under the ongoing EUR1bn share buyback programme to EUR800m. The company also announced that it has entered into arrangements with UBS AG, London Branch (“UBS”) to repurchase ordinary shares on CRH’s behalf for a maximum consideration of EUR... |
Ecocem announces total CO2 emissions saving20 December 2018, Published under Cement NewsIreland’s Ecocem, Europe’s largest independent specialist producer of low-carbon cement, has announced that its efforts over 16 years to encourage replacing high-carbon cement with low-carbon cement has resulted in a saving of 10Mt of carbon emissions, according to a press release. The company’s ground-granulated blastfurnace slag (GGBS) cement has a carbon footprint approximately 95 per cent lower than traditional cement at 32kg/t, and can be used as a one-to-one replacement in formulating... |
Irish Cement fined EUR4000 for dust spill10 December 2018, Published under Cement NewsIrish Cement has been fined EUR4000 for breaching terms of its industrial emissions licence, when thick “glue-like” dust spilled from its Co Limerick plant, resulting in damage to nearby homes, gardens and cars. The company pleaded guilty at Limerick District Court to one count of breaching the terms of its licence at the Castlemungret works on 3 December 2017. After the company had unsuccessfully attempted to clear a build-up of dust in the kiln, a significant amount of it leaked into t... |
Ecocem pretax profit declines 38%22 November 2018, Published under Cement NewsSlag cement producer Ecocem Materials Ltd reported a rise in turnover of 9.4 per cent in 2017 to EUR79.4m (US$90.5m) from EUR72.6m in the previous year. Pretax profit decreased by 37.5 per cent to EUR2.5m last year from EUR4m in 2016. Costs increased by nearly 12 per cent YoY to EUR76.5m from EUR68.6m while the company paid EUR335,000 in interest, a sharp rise when compared with EUR147,821m paid the previous year. Earlier this year the company opened a new plant in Dunkerque , northwest... |
CRH completes Phase 2 of share buy-back22 October 2018, Published under Cement NewsCRH has completed the second phase of its share buy-back programme, returning a further EUR350m of cash to its shareholders. Between 29 August and 18 October, 12.5m ordinary shares were repurchased on the London Stock Exchange and Euronext Dublin at an average discount of 1.3 per cent to the volume weighted average price over the period. This brings total cash returned to shareholders under the ongoing EUR1bn share buy-back programme to around EUR700m. "The remaining portion of our buy... |
Chryso acquires Chemtec Admixtures in Ireland04 October 2018, Published under Cement NewsChryso has announced that it has expanded its admixture business in Ireland with the acquisition of Chemtec Admixtures Ltd, which will provide a unique offering on the growing construction market in the country, according to a press release. Chemtec Admixtures has operated as the exclusive distributor of the company for over 13 years in Ireland, providing admixtures for concrete, demoulding oils and waterproofing agents, mainly to precast manufacturers. "The acquisition of Chemtec Admixtur... |
Quinn Cement launches product range in Ireland07 September 2018, Published under Cement NewsQuinn Cement has launched a new range of bagged cement in Ireland following its success in Britain. The range represents an investment of EUR3m and includes three new cement products. Upon release in Britain, the products resulted in a significant increase in bagged cement sales. "We’re delighted to bring the new range to Ireland, particularly given the success we’ve witnessed in the British market where bagged cement sales have seen a huge increase since the range was launched earlier thi... |
Lafarge Cooktown plant celebrates 50 years of production30 August 2018, Published under Cement NewsLafarge Cement Ireland is celebrating 50 years of clinker and cement manufacturing at its Cookstown Plant. Launched in 1968, the plant is now responsible for producing a substantial volume of cement each year, employing almost 100 staff both in Cookstown and at the business’ cement terminal in Belfast. In 2015, the Lafarge Cement business was acquired by Aggregate Industries as part of the global merger between Lafarge and Holcim. The transition meant that, for the first time, Aggregate... |
CRH announces completion of Ash Grove acquisition21 June 2018, Published under Cement NewsCHR has now completed the acquisition of Ash Grove Cement Co. The Irish building materials producer announced on 21 September 2017 it reached an agreement to acquire the Kansas-based cement company for US$3.5bn. The US Federal Trade Commission issued its consent order for the deal on 15 June 2018. |
Super-objection could prevent Mungret tyre burning plans29 May 2018, Published under Cement NewsMetropolitan councillors have approved plans for a joint submission against Irish Cement's Mungret plans to the Environmental Protection Agency (EPA). Irish Cement, which wants to burn used tyres at its plant in Mungret, has cleared all but the final hurdle to establish the EUR10m (US$11.6m) project. However, a group of local residents and councillors now hope to join with Clare County Council to provide a 'super-objection' to the proposals, which have already prompted over 2000 peopl... |