Cement News tagged under: Breedon Group Plc
Breedon announce Group CEO change06 October 2020, Published under Cement NewsPat Ward has informed the Board at Breedon Group of his intention to retire as group CEO and a director of the company in 2021. It is anticipated that he will be succeeded by Rob Wood, Breedon’s group finance director. Rob Wood has served as group finance director of Breedon since early 2014 and has been instrumental in its success. A search for a new group finance director is now underway. Mr Ward has served as group CEO since the beginning of 2016 and has overseen a period of signif... |
Breedon Group PLC announces GBP581m revenues for first eight months trading17 September 2020, Published under Cement NewsBreedon Group Plc delivered revenues for the first eight months of the year of GBP531m (2019: GBP624m), including a one-month contribution from its recently-acquired Cemex assets in the UK. The Board has reviewed the latest management forecasts and is now in a position to reinstate guidance for the 2020 financial year. Accordingly, Breedon Group currently anticipates delivering second-half underlying EBIT broadly in line with the 2H19, which would deliver a result in excess of the average ... |
Breedon welcomes CMA announcement on Cemex asset acquisitions10 September 2020, Published under Cement NewsBreedon welcomes today's announcement from the Competition and Markets Authority (CMA) that it has reasonable grounds for believing that the undertakings offered by Breedon in connection with its completed acquisition of certain assets and operations from Cemex, or a modified version of them, might be acceptable. These undertakings will require the divestment of a small number of ready-mixed concrete plants and an asphalt plant in England, as well as two quarries and a cement terminal in S... |
CMA raises competition concerns over Breedon and Cemex deal26 August 2020, Published under Cement NewsBreedon’s purchase of certain Cemex assets has raised competition concerns in the supply of building materials in some parts of the UK, the Competition & Markets Authority (CMA) has found. Breedon announced in January 2020 that it had agreed a GBP178m deal to buy approximately 100 Cemex sites, including aggregates quarries, ready-mixed concrete facilities, asphalt plants and a cement terminal, across the UK. Following its initial Phase 1 investigation, the CMA found that the deal gives ri... |
Breedon completes asset acquisition from Cemex03 August 2020, Published under Cement NewsBreedon has completed completion the acquisition of certain assets and operations from Cemex, as announced on 8 January 2020. As previously indicated, the Competition and Markets Authority (CMA) has instructed that these assets should be held separate from Breedon until it has completed its investigation. Accordingly, the assets will be operated as Pinnacle Construction Materials (Pinnacle), a newly-created ring-fenced business led by an independent management team and operating from its o... |
Breedon Group sees revenue decline by 25% to GBP353.3m in 1H2029 July 2020, Published under Cement NewsBreedon Group Plc announced its interim (unaudited) results for the six months ended 30 June 2020 with revenue reaching GBP353.3m, representing a 25 per cent drop from GBP447.4m in 1H19. Breedon recorded cement sales of 0.8Mt in the 1H20, down from 1Mt in 1H19, while ready-mix sales declined to 1Mm 3 in the 1H20 from 1.5Mm 3 in the 1H19. Breedon also sold 8Mt of aggregates and 1Mt of asphalt in the period, down from 9.9Mt and 1.4Mt, respectively in the 1H19. Despite the COVID-19 lockdown ... |
Hope plant's economic contribution to local economy assessed24 July 2020, Published under Cement NewsBreedon Group has had an assessment of the Hope Cement plant's economic contribution to the local economy. An independent report by global management, engineering and development consultancy Mott Macdonald says Breedon Group shows a 51 per cent increase in its contribution to GBP61m from GBP53m in 2017. The report aimed to show how much the Hope Cement works contributes both financially and in terms of employment to the Peak District National Park's economy. The figures say that the cement ... |
New Group Head of Sustainability appointed at Breedon02 June 2020, Published under Cement NewsBreedon Group has appointed Donna Hunt as its first Group Head of Sustainability. In the newly-created role, Donna will be responsible for developing and implementing an effective sustainability strategy to shape the group's practices and performance, ultimately improving the sustainability of Breedon’s operations, products and services. Donna brings over 20 years' knowledge and experience to Breedon, having held several senior sustainability, environmental and stakeholder engagement p... |
Breedon Group prepares to progressively reopen facilities01 May 2020, Published under Cement NewsBreedon Group Plc plans to progressively reopen some operations in a number of regions in Great Britain and in the Republic of Ireland, where customer demand supports it and where the company can open safely. Breedon Group Plc closed the majority of its sites on 26 March 2020 with more than 80 per cent of its staff furloughed in the UK or on temporary lay-off in the Republic of Ireland on full-pay. The reopening includes an anticipated return to clinker production at the company’s two cem... |
Breedon's cement business thrives13 March 2020, Published under Cement NewsAs Breedon Group Plc releases its 2019 results, ICR takes a closer look at the UK company's cement business and future plans. Breedon, which operates cement plants in the UK and Ireland, reported that its cement business delivered a six per cent revenue increase in 2019 to GBP186.4m, up from GBP176.5m in 2018. EBITDA from the cement business reached GBP58.8m, up from GBP48.6m in 2018, while underlying operating profit rose GBP36.3m, up from GBP31.4m in 2018. Overall cement sales reache... |