Cement News tagged under: CRH
CRH completes Hunter plant and Texan ready-mix acquisitions13 February 2024, Published under Cement NewsCRH has completed the US$2.1bn acquisition of Martin Marietta Materials Inc in Texas, USA. The deal was first announced on 21 November 2023 and the combined assets are expected to generate a pro-forma EBITDA of around US$170m for 2023. The acquisition includes the 2.1Mta Hunter cement plant, 20 ready-mix assets with a capacity of 1.6Mm 3 and a network of terminals along the Eastern Gulf Coast of Texas. |
CRH and Caterpillar agreement to accelerate use of sustainable vehicles10 January 2024, Published under Cement NewsCRH and Caterpillar have signed a strategic agreement to develop and deploy electric off-road vehicles and charging solutions. The agreement is focussed on accelerating the deployment of Caterpillar’s 70 to 100t-class battery electric off-road truck with CRH testing and validating the units at its operations in North America. The collaboration will advance the use of sustainable equipment in CRH’s operations and provide valuable real-world insights to Caterpillar in areas including safe... |
CRH completes lime divestment05 January 2024, Published under Cement NewsOn 22 November 2023, CRH plc announced that it had reached an agreement to divest its lime operations in Europe for a total consideration of around US$1.1bn. This company is pleased to announce that the first phase of the transaction, comprising the group’s lime operations in Germany, Czech Republic and Ireland, is now complete. |
CRH proposal to acquire Adbri18 December 2023, Published under Cement NewsCRH has entered into an agreement to acquire Adbri Ltd . Under the proposal, CRH would partner with Australian family-owned business, Barro Group, which has an approximately 43 per cent share in Adbri. CRH currently has a 4.6 per cent interest in the company via a cash settled derivative and would acquire the remaining approximately 57 per cent of Adbri’s shares not owned by Barro with the intention to delist Adbri from the Australian Securities Exchange (ASX). CRH and Barro have submi... |
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... |