Cement News tagged under: ireland
CRH sells lime business to SigmaRoc23 November 2023, Published under Cement NewsCRH plc has agreed to divest its lime operations in Europe to SigmaRoc plc for a total consideration of approximately US$1.1bn. The lime business comprises 16 operating locations with leading market positions across Ireland, the UK, Germany, Czech Republic and Poland. The combined business generated sales of around US$610m and EBITDA of roughly US$137m in 2022. The transaction, which is subject to customary conditions and regulatory approvals, is structured in three phases, the first o... |
Breedon posts 8% growth YoY in 10M2322 November 2023, Published under Cement NewsBreedon Group has reported eight per cent growth in revenue YoY in the first 10 months of 2023, driven by robust pricing and operational excellence, that more than offset the effect of moderating volumes. According to the company, changes to building regulations in the UK that came in in June, impacted ready-mixed concrete (RMC) volumes, while aggregate and asphalt volumes have continued to moderate. “However, pricing has been sustained and we have maintained tight control over our cos... |
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... |