Cement News tagged under: CRH
DoE announces funding to accelerate two cement industry CCUS projects12 May 2023, Published under Cement NewsThe US Department of Energy (DoE) Office of Clean Energy Demonstrations has announced the selection of eight projects for award negotiations, as part of the Carbon Capture Demonstration Projects Programme. This programme aims to accelerate the implementation of integrated carbon capture and storage technologies. With up to US$189m in funding, these community-informed integrated carbon capture, transport and storage projects are set to advance and help catalyse significant follow-on ... |
CRH supplies major highway project in Utah28 April 2023, Published under Cement NewsCRH is playing an integral part in the West Davis Corridor project in Utah, USA. The 27km (17-mile), four-lane greenfield highway project will include freeway-style interchanges and 10 miles of new trails for biking and walking. Construction of the corridor began in 2021 and will require 7.2Mt of aggregates, 445,000t of asphalt and 42,050m 3 (55,000 cubic yards) of ready-mixed concrete. Staker Parson Materials & Construction, a CRH company, is delivering key components to the project,... |
CRH shareholders back US listing27 April 2023, Published under Cement NewsCRH has confirmed that it will be pursuing a US primary listing, along with a US equity index inclusion “as soon as possible”, said the company. North America now accounts for around 75 per cent of the group's EBITDA and is expected to be a key driver of growth in the future. “We believe a US primary listing will bring increased commercial, operational and acquisition opportunities for our business, further accelerating our successful integrated solutions strategy and delivering even h... |
CRH reports 7% sales growth in 1Q2326 April 2023, Published under Cement NewsCRH has reported a “positive start” to the year with 1Q23 sales up seven per cent YoY across the group. Americas Materials Solutions saw a 10 per cent advance in sales in the 1Q23, compared to the same period in 2022, driven by robust pricing which more than offset the impact of unfavourable weather during the quarter. Essential Materials saw a 15 per cent improvement in sales YoY, while Road Solutions recorded a seven per cent uptick YoY, supported by strong price progression and good und... |
Buxton Net Zero project passes due diligence funding phase05 April 2023, Published under Cement NewsTarmac ( CRH ) and LEILAC have moved a step closer to delivering the world’s first zero emissions lime plant, with the UK Government’s Department for Energy Security and Net Zero (DESNZ) announcing that the Buxton Lime Net Zero project has successfully passed the due diligence phase of the Industrial Carbon Capture (ICC) funding scheme. LEILAC ’s technology uses a unique indirect heating approach to keep unavoidable process emissions uncontaminated, thereby enabling its efficient ca... |
Tarmac plans to cut jobs despite huge profits22 March 2023, Published under Cement NewsTamac ( CRH Plc) is planning to cut as much as 10 per cent of its workforce in the UK according, to the GMB Union, which has called on the aggregate and building supplies giant to think again and step back from forcing through over 400 redundancies at the company. The union has slammed the company’s unwillingness to consider counter proposals put forward by GMB members to halt job losses. GMB Union says that these reckless redundancies are unnecessary in the context of huge company pr... |
CRH appoints new non-executive director22 March 2023, Published under Cement NewsCRH plc has appointed Christina Verchere as non-executive director, effective from 20 March 2023. Ms Verchere, a dual British and US citizen, is chief executive officer of OMV Petrom SA (OMVP), a position she has held since 2018. OMVP is the largest integrated energy company in southern and eastern Europe, and is active across the energy value chain from oil and gas production to power generation and supply. Prior to joining OMVP, Ms Verchere spent over 20 years working with BP plc, whe... |
CRH receives first fossil-free steel construction hauler20 March 2023, Published under Cement NewsAt CONEXPO 2023 in Las Vegas, Volvo Construction Equipment (Volvo CE) handed over the first construction machine made from fossil-free steel for a North American cement producer. Volvo CE’s A30G articulated hauler was handed over by President of Volvo CE, Melker Jernberg, to Scott Parson, President Americas Materials at CRH , a long-standing customer of Volvo CE. Pennsy Supply Inc, a CRH company will use the fossil-free A30G at its East Petersburg Quarry in Pennsylvania. Swedish stee... |
CRH proposes moving stock listing to New York06 March 2023, Published under Cement NewsCRH is considering moving its main stock market listing from London to New York. According to the company, around 75 per cent of its income comes from the North American market. In 2022 its materials business reported 15 per cent YoY growth in the Americas, with the US Infrastructure Investment and Jobs Act, Inflation Reduction Act and Chips Act all helping to fuel a boom in construction activity. "We would have higher levels of growth if we were to list our business in America. It'... |
CRH revenue up 12% YoY in 202203 March 2023, Published under Cement NewsCRH plc has reported a 12 per cent YoY increase in sales in 2022 to US$32.7bn. EBITDA over the same period advanced by 13 per cent to US$5.6bn, while the EBITDA margin is up 10bps to 17.2 per cent. Earnings per share (EPS) in 2022 improved by 14 per cent YoY at US$3.50. Commenting on the results, Albert Manifold, chief executive of CRH, said: “Our 2022 performance reflects the outstanding commitment of our people, the underlying strength and resilience of our business and the continued... |