Cement News tagged under: CRH
Thomas Gruppe acquires Opterra Zement GmbH and Opterra Beton GmbH24 October 2022, Published under Cement NewsThomas Gruppe has confirmed the acquisition of Opterra Zement GmbH and Opterra Beton GmbH (east Germany), which have been owned by CRH Plc since 2015 as part of the pre-merger bulk acquisition of certain Lafarge and Holcim assets. CIC-Market Solutions estimates Opterra's cement sales to be close to EUR110m. The transaction amount has not been disclosed but is unlikely to exceed EUR200m. CRH previously tried to sell this asset to Schwenk Zement KG in 2017 (transaction value of the m... |
Shell and CRH sign decarbonisation agreement07 October 2022, Published under Cement NewsShell and CRH have signed a memorandum of understanding (MOU) whereby both businesses will work together to develop and deploy decarbonisation solutions and technologies to accelerate their progress towards net zero emissions. The agreement will see Shell and CRH work together to explore decarbonisation opportunities across transport, operations, and materials. The solutions include, but are not limited to, vehicle electrification and charging infrastructure to reduce transport emiss... |
CRH completes latest phase of buyback programme20 September 2022, Published under Cement NewsCRH plc has completed the latest phase of its share buyback programme, returning a further US$0.3bn of cash to shareholders. Between 16 June 2022 and 19 September 2022, 8.2m ordinary shares were repurchased on Euronext Dublin at an average discount of 0.93 per cent to the volume weighted average price over the period, according to the company. This brings the total cash returned to shareholders under its ongoing share buyback programme to US$3.8bn since it began in May 2018. CRH has als... |
CRH welcomes John Lydon as director of group development07 September 2022, Published under Cement NewsCRH has appointed John Lydon as its new director of group development. Mr Lydon joins the building materials group from stockbroking firm Davy where he was head of capital markets. According to The Irish Times, while at Davy he was an influential adviser to some of the largest Irish corporate groups, including CRH, on mergers and acquisitions and capital raising. Prior to joining Davy in December 2014, Mr Lydon was a leading corporate finance executive with Deutsche Bank in Asia. He ... |
CRH posts 14% YoY increase in sales in 1H2225 August 2022, Published under Cement NewsCRH has reported a 14 per cent YoY increase in sales to US$15bn in the first half of 2022. EBITDA over the same period has improved by 21 per cent to US$2.2bn, with the EBITDA margin gaining 90bps to 14.7 per cent. Earnings per share have advanced by 36 per cent to US$1.21. First-half profit after tax came in at US$0.9bn, up 29 per cent YoY “CRH has delivered another strong performance with further growth in sales, EBITDA and margin despite a challenging and volatile cost environment. T... |
Andrew Keating leaves CRH29 July 2022, Published under Cement NewsAndrew Keating, previously director of group finance at CRH, has left the company. The former Bank of Ireland chief financial officer joined the building materials company three years ago, reporting to Jim Mintern. Mr Keating reportedly left CRH at the end of June this year to pursue other opportunities, reports The Irish Times. |
CRH subsidiary adopts graphene technology additives11 July 2022, Published under Cement NewsBeton Catalan SA ( CRH group ), has implemented graphene technology in its high performance concretes to reduce CO 2 after an agreement with Graphenano Smart Materials. The application of a graphene-based additive improves both mechanical performance and durability as well as giving "clear environmental advantages by reducing the concrete's carbon footprint," explained Beton Catalan Quality Director, Alberto Arenillas. The company has already incorporated these technologically adva... |
Tarmac trials fuel conditioner innovation09 June 2022, Published under Cement NewsThe board of the directors of Tarmac ( CRH group ) is commencing a significant trial of the SulNOxEco™ Fuel Conditioner. The ground-breaking fuel conditioner is being trialled as part of Tarmac’s ongoing corporate commitment to reduce emissions across its nationwide fleet of heavy goods vehicles. Working with fuel technology specialist partner SulNOx Group Plc, the business is using an innovative fuel additive on selected vehicles over a three-month period while carefully monitoring fuel ... |
Danucem’s Banská Bystrica plant adds alternative fuels line15 May 2022, Published under Cement NewsCompanies Ecorec Slovensko and GreenTech Slovakia have joined forces and launched a new line for the production of alternative fuels at Danucem’s ( CRH ) Banská Bystrica concrete plant, Slovakia. Plastic waste that cannot be recycled again, will serve as a raw material for the production of alternative fuels. In the future, alternative fuels could replace up to 90 per cent of the energy sources needed to produce cement, bringing a range of environmental benefits - starting with the re... |
CRH reports 1Q22 revenue growth of 15%22 April 2022, Published under Cement NewsCRH has reported 1Q22 revenues establishing a growth 15 per cent, up 13 per cent LfL. The Europe Materials division grew at 18 per cent in organic terms while the Americas Materials division recorded nine per cent organic sales growth. Aggregates saw volumes fall of three per cent in the quarter, impacted by poor weather conditions in the northeastern US. Asphalt grew a strong 19 per cent, helped by an eight per cent price increase. In the cement division prices rose 11 per cent ... |