Cement News tagged under: ireland
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... |
Quinn Cement releases new bagged cement range30 April 2018, Published under Cement NewsQuinn Cement has launched a new range of bagged cement products following an investment of over EUR3m.The range includes three new cement products: Master Grade Cement, Premium Grade Cement and General Purpose Cement. Quinn Cement factory has installed a new bagging line for the weatherproof plastic bags. The new packaging is ideal for merchants' and builders' yards. Premium Grade Cement offers superior strength at 42.5N. Premium Grade is likely to be a popular choice for screeders and tra... |
CRH 1Q18 underlying sales slip 2%26 April 2018, Published under Cement NewsA GBP16.5m (EUR19m) deal was concluded with CRH in the early part of 2018, whereby Breedon acquired four quarries and an asphalt plant in Britain in exchange for 27 ready-mixed batching plants and GBP4.9m (EUR5.6m) in cash. CRH's underlying sales in the 1Q18 declined by around two per cent, with European turnover also being off by two per cent. The Americas turnover slipped three per cent while in The Philippines there was a five per cent decline. Group EBITDA in 1H18 are expected to be s... |
Irish Cement receives approval to replace fossil fuels16 April 2018, Published under Cement NewsIrish Cement has received permission from An Bord Pleanála to replace fossil fuels at its facilities in Mungret, Limerick, and Platin, Co Meath. The Mungret decision has been criticised by Limerick Against Pollution (LAP), according to The Irish Times. The environmental group has been critical of the plant’s environmental record and the proposal to burn used tyres. However, the EUR10m project received permission from the Limerick City and County Council to proceed. An Bord Pleanála no... |
Quinn Industrial Holdings records positive 201712 April 2018, Published under Cement NewsQuinn Industrial Holdings (QIH) has recorded a 7.4 per cent YoY increase in turnover to EUR209m for the full-year 2017 period. EBITDA saw a significant improvement of 31 per cent, from EUR18.2m to EUR23.9m. The positive results have been partly attributed to a strong performance from Quinn Building Products, which benefitted from the ongoing building recovery in the ROI and stronger exports to the UK via its new cement export hub at Warrenpoint, according to a press release. Liam McCa... |
CRH issues new bonds29 March 2018, Published under Cement NewsCRH has issued US$1.5bn of bond debt at a lower cost than expected, reports the Irish Independent. In total, it consists of a 10-year US$900m bond and a 30-year US$600m bond. Both bonds were approximately 200 basis points below initial pricing indications which suggests the level of demand, according to Robert Gardiner, Davy Analyst. The funds are expected to be used to finance the acquisition of Ash Grove Cement, which was purchased last year. |
CRH appoints Richard Boucher as a non-executive director02 March 2018, Published under Cement NewsCRH has announced the appointment of Richard Boucher to the board as a non-executive director, with effect from 1 March 2018. Mr Boucher has extensive experience in financial services, and was CEO of Bank of Ireland Group between Feb 2009-Oct 2017. Furthermore, he has held senior management positions within the Royal Bank of Scotland and Ulster Bank. Currently, Mr Boucher is a consultant for Fairfax Financial Group and is a non-executive director of Greece-based Eurobank Ergasias SA. |
CRH sees a 3% revenue increase in 3Q1721 November 2017, Published under Cement NewsCRH has reported a three per cent increase in revenue for the third quarter of 2017. The group's EBITDA has also risen two per cent YoY for the 3Q. The company’s trading performance has particularly benefitted from underlying growth in the Americas throughout the period. Elsewhere, the 3Q results from Europe have remained positively consistent with the rest of the year while performance in Asia has deteriorated. CRH has announced for the nine months of 2017 ended September, a two per cent... |
CRH plans cash bid for PPC14 November 2017, Published under Cement NewsIreland’s CRH has registered its interest in submitting a cash bid for South African cement producer PPC as it takes on AfriSam and LafargeHolcim. While PPC did not disclose the amount of the bid, it said it would give the Irish group time for due diligence and to submit an updated bid next week which would include a value per share for the company. "Historically, it would have been unusual for CRH to enter a bidding situation for a listed company, given management's preference for pu... |