Cement News tagged under: CRH
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... |
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 ... |
CRH seeking buyers for its Brazilian business30 December 2019, Published under Cement NewsCRH, Ireland, is selling its cement business in Brazil, which it acquired in 2015 as part of a portfolio of assets bought from Lafarge and Holcim during their merger, according to reports in Valor Economico. CRH Brasil Participacoes S.A. operates three integrated plants and one grinding mill in the states of Minas Gerais and Rio de Janeiro with a total cement production capacity of 2.75Mta. CRH has reportedly hired Citigroup to help find buyers for the Brazilian assets. The bank is already... |
Eqiom tests intermodal cement transport17 December 2019, Published under Cement NewsIn the last three weeks, France-based cement producer Eqiom has been testing the movement of cement by intermodal transport. The company hopes to find a new solution via road and inland waterways to supply its customers in Ile-de-France with up to 25 containers of bulk cement per week from its plant in Grand Couronne, near Rouen. The CRH-owned cement company expects to use a regular river transport shuttle from Le Havre to Gennevilliers, manage by Greenmodal Transport. River transporrt wa... |
CRH reportedly in talks to sell stake in Indian joint venture13 December 2019, Published under Cement NewsCRH is reportedly in talks to exit its joint venture with India’s My Home Group, according to VC Circle. In 2008, CRH acquired the 50 per cent stake in My Home Industries for around US$450m and the deal would see this returned to the Indian group. My Home Industries operates across four locations in Andhra Pradesh, Tamil Nadu and Telangana, with a total cement capacity of 9.6Mta. The company is a market leader in Andhra Pradesh and Telangana under its flagship brand of Maha Cement. |
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... |
Votorantim28 October 2019, Published under Cement NewsVotorantim is among the companies believed to be interested in buying LafargeHolcim’s Australian and New Zealand divisions, according to The Australian. The cement giant is reportedly considering exiting the two countries in a bid to drive down debt levels. Cement Australia Pty Ltd and Cement Australia Partnership (CACAP) is the company that LafargeHolcim operates as in Australia. It currently operates two integrated plants at Railton, Tasmania and Gladstone, Queensland, and two grinding ... |
Cembureau members look to pilot test new EC building assessment framework17 October 2019, Published under Cement NewsThree member-companies of Cembureau, the European Cement Association, have successfully completed a pilot test of the European Commission's new building assessment framework, Level(s). Level(s) is a voluntary building assessment framework covering six broad areas: greenhouse-gas emissions, resource use, water use, healthy and comfortable spaces, resilience to climate change, and life-cycle cost. The buildings tested by Cembureau's members were a sustainable single-family housing developme... |
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,... |