Cement News tagged under: CRH
CRH can spend big on acquisitions08 May 2014, Published under Cement NewsCRH Chief executive Albert Manifold was questioned by the Irish Examiner about growth opportunities for the Irish building materials company following the company's AGM in Dún Laoghaire. Albert Manifold said that management would continue to search for opportunities in its core markets of mainland Europe, the Americas and Asia and would have approximately EUR1.5bn available to spend over the next year and a half to spend on acquisitions and investments in the next year. Since the beginning... |
CRH Interim statement 1Q1407 May 2014, Published under Cement NewsAccording to the CRH 1Q14 interim statement, the company reports that in Europe, the improving trend evident in the second half of 2013 has continued in the first four months of 2014, and the economic backdrop continues to stabilise. This, combined with the absence of the prolonged winter conditions which impacted last year's early season trading, benefited construction activity in most of CRH's markets and cumulative like-for-like European sales to end-April were 10 per cent (approximately ... |
Mykolaivcement posts 2013 loss, Ukraine29 April 2014, Published under Cement NewsCRH group company Mykolaivcement reported a loss of UAH63.234m (EUR4m) for 2013, with net revenue down by 10 per cent, or UAH61m, to UAH538.8m. In 2012, the Mykolaiv-based company suffered a loss of UAH66.9m. CRH acquired Mykolaivcement from Lafarge in April 2013 for EUR96m, a deal which made the Irish building materials major the leading cement producer in Ukraine. CRH also owns Podilsky Cement and in 2011 acquired a majority stake in Odessa Cement. |
Israel: CRH mulls disposal of Nesher cement stake24 March 2014, Published under Cement NewsCRH Group is considering the sale of its 25 per cent stake in Mashav, the holding company for Nesher cement, Israel, which the Irish group acquired in 2001, reports The Sunday Independent. Newly arrived CEO, Albert Manifold, is carrying out a comprehensive review of the company’s businesses and has so far identified 45 that will be put up for sale. In a recent Annual Report filed in the US, CRH wrote of the 25 per cent stake in Mashav, prompting speculation that CRH will seek to offload the... |
CRH expects 2014 profit growth25 February 2014, Published under Cement NewsIrish building materials major CRH said 2013 represented a trough in its profits and expects growth in 2014 encouraged by improving trends in the USA and signs of stabilisation in Europe. Full-year turnover eased by an underlying 0.3 per cent in 2013 to EUR18,031m while the EBITDA declined by 5.6 per cent to EUR1,475m. The trading profit before charging EUR650m of impairments was down by 10.0 per cent to EUR750m, with European building products accounting for nearly two thirds of this ch... |
CRH appoints non-executive director, Ireland21 February 2014, Published under Cement NewsThe board of CRH plc announced the co-option to the board of Henk Rottinghuis as a non-executive director. Mr Rottinghuis (58), a Dutch citizen, has a background in distribution, wholesale and logistics. He was until 2010 CEO at Pon Holdings BV, a large, privately held international company which is focused on the supply and distribution of passenger cars and trucks, and equipment for the construction and marine sectors. He is currently chairman of the Supervisory Board of Stork Technical... |
CRH full-year development spend07 January 2014, Published under Cement NewsCRH announced a total of seven acquisitions and investment initiatives in the second half of 2013, taking full-year development activity to EUR0.69bn. The company invested EUR0.22bn in the six months to the end of December last year, including one transaction in Asia, three under its American Materials division and a further three in its Distribution segment. Commenting on the these developments, CRH’s new chief executive Albert Manifold said: “Development spend of almost EUR0.7bn in 2013... |
Chief executive succession at CRH02 January 2014, Published under Cement NewsCRH plc confirms that Albert Manifold has succeeded Myles Lee as group chief executive, effective 1 January 2014. Mr Lee has retired after 32 years with the group including five years as finance director and five years as chief executive. Commenting on the announcement, CRH chairman Nicky Hartery said: “We wish Myles well in his retirement and thank him sincerely for his outstanding contribution to CRH over 32 years of service, and for his excellent stewardship of CRH through the recent... |
CRH results broadly in line with last year12 November 2013, Published under Cement NewsIn its autumn trading statement, CRH announced that it expects the EBITDA to be broadly in line with last 2012 numbers, assuming normal weather patterns for the remainder of the year. Depreciation and amortisation charges as well as the net interest charge are forecast to be a little lower than in 2012, though the net debt is expected to be about EUR300m higher. Acquisitions and large capital investments amounted to around EUR660m, of which EUR492m were in heavy building materials, and incl... |
CRH opens regional headquarters in Singapore17 October 2013, Published under Cement NewsCRH announced the official opening today of its regional headquarters in Singapore, to oversee the expansion of its existing interests in India and China, and to pursue further development opportunities in the wider Asia region. Commenting on the opening, Ken McKnight, President of CRH Asia said:“ The opening of our regional headquarters in Singapore today marks a further step in the evolution of CRH and an important catalyst for growth in Asia in the medium term. CRH entered the China ma... |