Cement News tagged under: CRH
New senior vice president announced to lead Tarmac business25 January 2016, Published under Cement NewsMartin Riley, former managing director of Tarmac’s Aggregates & Asphalt business, has been appointed senior vice president of Tarmac. Cyrille Ragoucy has left the business after three successful years as CEO. As part of this reorganisation, the Tarmac Cement & Lime business will work as part of a new CRH business cluster consisting of UK Cement, Ireland and Spain, led by Oliver Mahon, Senior vice president. These operational and management changes have been made as part of the transition ... |
Philippines: Republic Cement & Building Material plans to delist18 January 2016, Published under Cement NewsRepublic Cement & Building Materials Inc (RCBM) has applied for delisting of its shares from the Philippine Stock Exchange (PSE), effective 15 March 2016.The move follows the acquisition by AEV CRH Holdings of RCBM. Last August AEV CRH conducted a tender offer for 649.08m common shares held by RCBM’s minority shareholders at PHP10.26 (US$0.21) each. As of 15 September, RCBM’s publicly-owned common shares comprise approximately 0.91 per cent of its outstanding capital stock. According to the... |
CRH exits Israeli operations12 January 2016, Published under Cement NewsCRH confirmed it has exited the Israeli market, having sold its 25 per cent equity stake in its Israeli operations. Nesher Cement is majority-owned by Clal Industries (75 per cent) with CRH having held the remaining shares via holding company, Mashav. The boycott, divestment and sanctions (BDS) movement has been campaigning for CRH to sell its stake in Nesher Cement because its supplies cement used in the construction of Israel’s apartheid wall and settlements on occupied Pal... |
CRH confirms total disposal proceeds of EUR1bn for 201508 January 2016, Published under Cement NewsCRH plc confirmed today total disposal proceeds of approximately EUR1bn in 2015. This comprises the previously announced sale of its clay and concrete products operations in the UK and the Group’s clay business in the US (EUR0.43bn) plus several additional divestments across Europe and the Americas for total proceeds of around EUR0.53bn. During 2015 the group also completed 20 bolt-on acquisition and investment transactions. These deals, together with the acquisition of assets from Lafarge... |
CRH meets with Sinoma Group24 December 2015, Published under Cement NewsJohn Watkins, country director China of CRH met with Peng Jianxin, president of Sinoma Ltd, on 18 November 2015. During the meeting both sides exchanged views on the current situation of China's regional cement industry, the prospects for the international market in the building materials industry and the further strengthening of cooperation between the two sides, Sinoma stated on its website. |
CRH reiterates 2015 guidance19 November 2015, Published under Cement NewsCRH reported that its third-quarter trading environment benefitted from continued positive momentum in the Americas where overall economic recovery is driving construction demand. The backdrop in Europe continues to be mixed but stable. Cumulative sales from continuing operations amounted to EUR15.5bn the nine months to the end of September, an increase of 16 per cent compared with the corresponding period in 2014. EBITDA from continuing operations was EUR1.5bn, an increase of 34 per cen... |
CRH sues for return of files seized in competition inquiry16 November 2015, Published under Cement NewsIrish building materials major CRH has gone to the High Court to seek the return of documents seized by the Competition and Consumer Protection Commission (CCPC) in a "dawn raid" in May, The proceedings relate to a raid carried out on CRH subsidiary Irish Cement earlier this year as part of a competition inquiry. CRH has now lodged court proceedings seeking a declaration that certain sections of the files seized by the CCPC were not related to the Irish Cement investigation. A compa... |
CRH plc announces change of role for Board member24 September 2015, Published under Cement NewsCRH plc announces that Mark Towe, currently president and chief executive of Oldcastle, will assume the new role of chairman, CRH Americas. He will work with the group chief executive to support performance and excellence programmes across the group. The appointment is effective from 1 January 2016. Mr Towe will continue as an executive director on the Board of CRH plc. |
CRH plc completes Philippines element of LafargeHolcim transaction15 September 2015, Published under Cement NewsCRH has completed the acquisition of the assets acquired from LafargeHolcim in the Philippiness. In early August, CRH confirmed that the majority of the transactions relating to the package of assets to be acquired from LafargeHolcim were complete, with the exception of the operations in the Philippines which it advised would be finalised in 3Q15. |
CRH appoints Group Finance Director08 September 2015, Published under Cement NewsCRH announced yesterday the appointment of Senan Murphy as Group Finance Director with effect from 4 January 2016. Senan will succeed Maeve Carton who will become Group Transformation Director as previously announced. Both will be members of the Group Board. Senan (46), is a Chartered Accountant and holds a Bachelor of Commerce degree from University College Dublin. He has over 25 years’ experience in international business across financial services, banking and renewable energy. Senan wil... |