Cement News tagged under: CRH
CRH boss third-highest paid CEO on the FTSE10023 August 2023, Published under Cement NewsThe CEO of Irish building materials giant CRH, Albert Manifold, has been ranked as the third-highest paid chief executive on the FTSE 100, according to a new report by the High Pay Centre. Mr Manifold was paid GBP10.38m (EUR12.1m/US$13m) last year for his role as chief executive of CRH , a position which he has held since 2014. His pay for 2022 was surpassed by only two other chief executives. The news comes as CRH is set to move its primary stock market listing to New York from London n... |
PCA announces 2023 Energy and Environment Award winners21 August 2023, Published under Cement NewsThe Portland Cement Association (PCA), which represents the majority of America’s cement manufacturers, has announced the winners of its 2023 Energy and Environment Awards. PCA Energy and Environment Awards are given to companies that have implemented outstanding environmental practices and have forged exemplary relationships with communities where their cement plants are located, says the PCA. Submissions from plants across the US were evaluated and recognised for environmental effort... |
CRH attracts new investors prior to US move17 August 2023, Published under Cement NewsCRH is attracting new investment prior to its move to the New York Stock Exchange in September this year. According to the Irish Independent, at least 26 hedge funds have announced new or expanded American depository receipts (ADRs) in CRH. In total, hedge funds bought a net 7.53m ADRs in CRH in the three months up to 30 June 2023, reports Bloomberg. Among the investors are Soros Fund Management, owned by billionaire George Soros, which now holds ADRs worth around US$20m, and Seth Klarma... |
CRH invests EUR34m in Ukraine31 July 2023, Published under Cement NewsIreland’s CRH is investing EUR34m in a new cement shipping complex in Ukraine. Construction of the “main stage” of the project was completed in early July, according to The Sunday Independent. The complex will be able to receive, store and ship 450,000t of cement each year, and will feature an automated packaging and palletising line. |
Buzzi Unicem sells Ukraine operations to CRH21 June 2023, Published under Cement NewsBuzzi , through its fully owned subsidiary Dyckerhoff GmbH , has reached an agreement to sell some of its businesses in Eastern Europe to CRH , a leading building materials solutions company, for a consideration of EUR0.1bn. The transactions include the business in Ukraine and ready-mix concrete assets in east Slovakia. Completion of the transaction in Ukraine is subject to the granting of the required regulatory approvals and is expected to occur in 2024. In Ukraine, Buzzi operates... |
CRH votes to move to New York Stock Exchange09 June 2023, Published under Cement NewsCRH shareholders have overwhelmingly approved the unanimous recommendation of the Board and management team to transition to a US primary listing on the New York Stock Exchange (NYSE). The group will retain a standard listing on the London Stock Exchange (LSE) and will de-list from Euronext Dublin. The changes are expected to take effect on or around 25 September 2023. “We believe a US primary listing will bring increased commercial, operational and acquisition opportunities for our bu... |
DoE announces funding to accelerate two cement industry CCUS projects12 May 2023, Published under Cement NewsThe US Department of Energy (DoE) Office of Clean Energy Demonstrations has announced the selection of eight projects for award negotiations, as part of the Carbon Capture Demonstration Projects Programme. This programme aims to accelerate the implementation of integrated carbon capture and storage technologies. With up to US$189m in funding, these community-informed integrated carbon capture, transport and storage projects are set to advance and help catalyse significant follow-on ... |
CRH supplies major highway project in Utah28 April 2023, Published under Cement NewsCRH is playing an integral part in the West Davis Corridor project in Utah, USA. The 27km (17-mile), four-lane greenfield highway project will include freeway-style interchanges and 10 miles of new trails for biking and walking. Construction of the corridor began in 2021 and will require 7.2Mt of aggregates, 445,000t of asphalt and 42,050m 3 (55,000 cubic yards) of ready-mixed concrete. Staker Parson Materials & Construction, a CRH company, is delivering key components to the project,... |
CRH shareholders back US listing27 April 2023, Published under Cement NewsCRH has confirmed that it will be pursuing a US primary listing, along with a US equity index inclusion “as soon as possible”, said the company. North America now accounts for around 75 per cent of the group's EBITDA and is expected to be a key driver of growth in the future. “We believe a US primary listing will bring increased commercial, operational and acquisition opportunities for our business, further accelerating our successful integrated solutions strategy and delivering even h... |
CRH reports 7% sales growth in 1Q2326 April 2023, Published under Cement NewsCRH has reported a “positive start” to the year with 1Q23 sales up seven per cent YoY across the group. Americas Materials Solutions saw a 10 per cent advance in sales in the 1Q23, compared to the same period in 2022, driven by robust pricing which more than offset the impact of unfavourable weather during the quarter. Essential Materials saw a 15 per cent improvement in sales YoY, while Road Solutions recorded a seven per cent uptick YoY, supported by strong price progression and good und... |