Cement News tagged under: CRH
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... |
CRH announces new venture capital unit16 December 2022, Published under Cement NewsCRH plc has launched CRH Ventures, its venture capital unit, which will support the development of new technologies and innovative solutions to meet the increasingly complex needs of customers and evolving trends in construction. With access to a US$250m venturing and innovation fund to invest, CRH Ventures will partner with construction and climate technology companies, operating across the construction value chain. The new venture capital unit will focus on cutting-edge technologies ... |
WBA claims few science-based biodiversity assessments are carried out06 December 2022, Published under Cement NewsThe World Benchmarking Alliance’s (WBA) new Nature Benchmark has analysed around 400 companies on their operations impact on nature and biodiversity, including many from the construction and mining sector. The top 10 construction material companies have been ranked 1-10 for their reduced impact on nature and biodiversity: 1. Holcim , 2. CEMEX , 3. Siam Cement Group , 4. Owens Corning, 5. CRH , 6. Cementos Argos , 7. Heidelberg Materials , 8. Saint-Gobain , 9. Asia Cement Corp ,... |
Quarterly results propped up by steep price increases25 November 2022, Published under Cement NewsThe latest quarterly results reveal that cement producers are increasingly turning to price rises to offset the ongoing jump in energy costs, while they struggle to maintain margins. In addition to price increases, companies are reviewing their energy portfolios, fuel types and accelerating the shift to alternative fuels. In Indonesia PT Indocement saw its energy costs reach 50 per cent of total production cost in the third quarter of 2022, prompting the company to implement three price... |
CRH sees sales advance 13% YoY in 9M2222 November 2022, Published under Cement NewsIn the opening nine months of 2022, CRH plc has seen its sales advance by 13 per cent YoY to US$24.4bn. Over the same period, EBITDA has improved by 14 per cent to US$4.2bn, while the EBITDA margin is up 10bps to 17.1 per cent. According to the company, the positive momentum experienced in the first half of the year continued into the third quarter, driven by resilient demand, strong pricing and continued delivery from its integrated solutions strategy. Third quarter sales in Americas M... |
Thomas Gruppe acquires Opterra Zement GmbH and Opterra Beton GmbH24 October 2022, Published under Cement NewsThomas Gruppe has confirmed the acquisition of Opterra Zement GmbH and Opterra Beton GmbH (east Germany), which have been owned by CRH Plc since 2015 as part of the pre-merger bulk acquisition of certain Lafarge and Holcim assets. CIC-Market Solutions estimates Opterra's cement sales to be close to EUR110m. The transaction amount has not been disclosed but is unlikely to exceed EUR200m. CRH previously tried to sell this asset to Schwenk Zement KG in 2017 (transaction value of the m... |