Cement News tagged under: ireland
Cevian Capital increases stake in CRH20 March 2020, Published under Cement NewsCevian Capital, Europe’s largest activist investor, has increased its stake in CRH to above three per cent for the first time. "As a long-term investor, we are pleased to be able to increase our ownership and commitment to CRH at a share price that is well below our view of the value of the group's assets," said Cevian Capital partner, Gustav Lundgren. "We remain convinced of CRH's potential and support the company's efforts to unlock value and enhance long-term competitiveness," he ad... |
Ecocem Group appoints new MD for Ireland09 March 2020, Published under Cement NewsThe Ecocem Group have made a strategic internal appointment of Susan McGarry as managing director of Ecocem Ireland. A chartered engineer Susan has worked for Ecocem for close to nine years in a variety of roles, the most recent of which was European sustainability manager. "Working across the Ecocem Group for 9 years has giving me the confidence and the ability to take on this challenge. The Ecocem Group is at a crucial point in its development and I intend to make sure Ireland plays a ce... |
CRH EBITDA up 25% in 201903 March 2020, Published under Cement NewsCRH plc posted a six per cent advance, or three per cent like-for-like (LfL), in sales to EUR28.3bn in 2019 when compared with 2018. The company’s EBITDA increased 25 per cent (+3 per cent LfL) YoY to EUR4.2bn while it saw an EBITDA margin increase of 230 basis points. “CRH delivered good profit growth in 2019 supported by positive momentum in our heritage businesses and strong contributions from recent acquisitions. With a continuing focus on margin expansion, cash generation and enhanced ... |
Masaveu doubles US exports in 201927 February 2020, Published under Cement NewsMasaveu has doubled its export shipments to the USA from its Tudela Veguín plant in Spain in 2019. The US is now the third-largest market for the cement producer, representing an export volume of 118,673t in 2019, compared to 50,061t in the previous year. The exports to the US account for 18.3 per cent of the company’s total exports. To improve its export operations the company inaugurated a new terminal in Muelle Norte, to expand its El Musel facility, at the end of 2019. It is the third ... |
Quinn Cement to receive new truck fleet06 January 2020, Published under Cement NewsQuinn Industrial Holdings (QIH) has taken delivery of 10 new trucks and a range of heavy mobile plant machinery. Six of the new trucks are bound for Quinn Cement. Two eight-wheel rigid tippers will be used across Quinn Quarries and Tarmac divisions. The new machinery is part of the latest phase of the company's ongoing 'Fleet and Mobile Plant Replenishment Programme' and follows the arrival of four excavators and three loading shovels in late 2018. The company has purchased over 70 artics ... |
CRH forecasts record 2019 earnings26 November 2019, Published under Cement NewsIreland-based building materials major CRH predicts that its full-year earnings will expand by 23 per cent to reach a record EUR4.15bn. The trading outlook follows the company's announcement of its January-September 2019 results. Group sales rose nine per cent YoY to EUR21.8bn in the 9M19. There was a six per cent YoY increase in sales by its Europe Materials division, while Americas Materials sales advanced by four per cent YoY. Building products sales were up three per cent when compared... |
CRH reportedly looks to sell Philippine operations14 November 2019, Published under Cement NewsCRH is reportedly considering a sale of its Philippine cement business as the company seeks to raise cash by selling non-core assets, according to the Irish Independent. JP Morgan Chase is said to be assisting with finding a buyer for the operations, which could be valued between US$2-3bn. The company is currently receiving bid interest from Asia and Europe. However, the plans are still at a preliminary stage and no final decision has been made. CRH acquired Philippines-based Republic Cem... |
Re-Gen Waste expands alternative fuel facility22 October 2019, Published under Cement NewsIreland-based Re-Gen Waste has invested GBP5m to develop its alternative fuel production facility at Carnbane industrial estate, Newry. The expanded facility is expected to reach full production by next month. The company already exports 80,000tpa of solid recovered fuel (SRF) but will now manufacture higher calorific value pellets and baled material for the cement and steel industries. The material will be shipped to Europe through local ports. “This is an incredibly important area of... |
CRH26 September 2019, Published under Cement NewsIn the first six months of 2019, CRH reported an 11 per cent YoY uptick in sales revenue to EUR13,217m EBITDA over the same period expanded by 36 per cent to EUR1540m (19 per cent ahead excluding IFRS 16 leases), with the EBITDA margin advancing from 9.5 per cent in the 1H18 to 11.7 per cent in the 1H19. Trading for the six-month period benefitted from a positive underlying demand backdrop in both Europe and North America, according to the company. In Americas Materials, like-for-like (Lf... |
CRH appoints chairman designate and a non-executive director26 September 2019, Published under Cement NewsCRH plc has appointed Richard Boucher as chairman designate on 25 September 2019. The Board has also appointed Johan Karlström as a non-executive director, with effect from 25 September 2019. Mr Boucher will succeed the present chairman, Nicky Hartery, on 1 January 2020. Mr Hartery, who has been chairman since May 2012 and a board member since 2004, will retire as chairman and from the Board on 31 December 2019. The Board has also appointed Mr Johan Karlström as a non-executive director,... |