Cement News tagged under: CRH
GCCA releases its Cement Industry Net Zero Progress Report 202304 December 2023, Published under Cement NewsThe Global Cement & Concrete Association (GCCA) has released its Cement Industry Net Zero Progress Report 2023 providing an update on global action and progress by the GCCA and its member companies. Initiatives featured include development of carbon capture, utilisation and storage (CCUS), increasing use of alternative energy sources and research into new materials and technology. The new report comes two years after the launch of its Concrete Future 2050 Roadmap for Net Zero Concrete. F... |
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... |
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 ... |
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... |
Durkee plant orders new cement mill09 October 2023, Published under Cement NewsAsh Grove Cement ( CRH ) has announced plans to build a new cement mill at its cement plant in Durkee, Oregon , USA. The project is scheduled to be completed by the end of 2024. The new cement mill will transform the Durkee plant, enabling it to produce low-carbon cement to meet the growing market demand for sustainable building materials. It will support multiple markets across the region by increasing capacity with no net increase in carbon emissions. "The transition to low-carbon... |
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... |
Carbon Upcycling secures US$26m funding to assist scaling up15 September 2023, Published under Cement NewsCarbon Upcycling, a leader in circular decarbonisation solutions for hard-to-abate sectors, has just closed a US$26m Series A round, co-led by BDC Capital’s Climate Tech Fund and Climate Investment. The Calgary-based decarbonisation company is part of a growing Canadian cohort of innovators bringing technology to scale to reduce the high greenhouse gas (GHG) footprint of cement and concrete. Carbon Upcycling is a carbontech company. It has developed and patented a novel technology to h... |
US construction outlook is about to change for CRH and others01 September 2023, Published under Cement NewsThe outlook for US construction of affordable housing is set to change dramatically over the next two years. "Developers see a massive shortage ahead, which threatens to undo the recent progress in closing the daunting affordable housing gap in many US cities," reports Bloomberg. While interest rates have been increasing, the number of housing projects starting this year has been cut significantly. 2022 projects will typically come online after 18-24 months, therefore construction compani... |