Cement News tagged under: UK
Breedon Group Plc acquires Blinkbonny quarry01 June 2018, Published under Cement NewsBreedon Northern Ltd, a subsidiary of Breedon Group plc, has completed the acquisition of Blinkbonny Quarry (Borders) Ltd for an undisclosed sum. Blinkbonny operates a quarry and ready-mixed concrete plant near Kelso in the Scottish Borders, employing 14 people. The acquisition provides Breedon with its first quarry in the region, with approximately 2.8Mt of high-quality basalt hard rock reserves and resources and a fleet of ready-mixed concrete mixers and tippers together with a volumetr... |
UKQAA appoints new chair person03 May 2018, Published under Cement NewsThe UK Quality Ash Association (UKQAA) has appointed Tarmac's Allan Everett as the association's new chair, taking over from Power Minerals' Ivan Skidmore who spent four years in the role. The UKQAA is the UK's leading authority on the use of quality ash in construction and engineering applications and represents a range of members from across the construction supply chain. Allan Everett, also Tarmac’s ash business manager, will help steer the association and work with its membership, to... |
Breedon to find remedies with CMA to conclude Tarmac quarry deals26 April 2018, Published under Cement NewsBreedon Group Plc's proposed phase 1 acquisition of certain assets from Tarmac, in exchange for a number of ready-mixed concrete plants and a cash payment, as announced on 13 December 2017 has been reviewed by the Competition and Markets Authority (CMA). The CMA has cleared Breedon's acquisition of four quarries from Tarmac but has concluded that there is a realistic prospect of a substantial lessening of competition in three local areas in England and Wales in relation to the supply of r... |
Breedon appoint deputy chairman25 April 2018, Published under Cement NewsBreedon Group plc, the UK's largest independent construction materials group, has appointed Amit Bhatia as non-executive deputy chairman, with immediate effect. Amit joined Breedon’s Board as a non-executive director in August 2016, following the group's acquisition of Hope Construction Materials Ltd. Amitis a Director of Abicad Holding Ltd, a shareholder in Breedon, and Vice Chairman of Queens Park Rangers FC. |
Breedon expands its UK operations23 April 2018, Published under Cement NewsThis week Breedon Group Plc announced that it had entered into a conditional agreement to acquire Lagan Group (Holdings) Ltd for GBP455m. While the aim is to create a leading independent construction materials group in the UK and Ireland, this move will provide the group with a platform to establish further organic growth and bolt-on acquisitions. The acquisition is expected to give Breedon annual cost savings of approximately GBP5m by the third full year following completion. The ... |
Breedon expands its UK operations20 April 2018, Published under Cement NewsThis week Breedon Group Plc announced that it had entered into a conditional agreement to acquire Lagan Group (Holdings) Ltd for GBP455m. While the aim is to create a leading independent construction materials group in the UK and Ireland, this move will provide the group with a platform to establish further organic growth and bolt-on acquisitions. The acquisition is expected to give Breedon annual cost savings of approximately GBP5m by the third full year following completion. The acqui... |
Quinn Industrial Holdings records positive 201712 April 2018, Published under Cement NewsQuinn Industrial Holdings (QIH) has recorded a 7.4 per cent YoY increase in turnover to EUR209m for the full-year 2017 period. EBITDA saw a significant improvement of 31 per cent, from EUR18.2m to EUR23.9m. The positive results have been partly attributed to a strong performance from Quinn Building Products, which benefitted from the ongoing building recovery in the ROI and stronger exports to the UK via its new cement export hub at Warrenpoint, according to a press release. Liam McCa... |
Cemex Go is launched in the UK12 April 2018, Published under Cement NewsCemex UK has introduced the first fully-digital customer integration platform onto the UK construction and building market this week, which it claims will revolutionise the way in which the industry does business. Cemex Go uses the latest digital-industrial technology available through desktops and mobile devices to allow customers to place orders, track shipments, manage invoices and make payments for Cemex's building products including bagged and bulk cement, ready-mixed concrete and agg... |
MPA challenges government for level playing field on energy pricing and biomass fuels22 March 2018, Published under Cement NewsThe Mineral Products Association's (MPA) 2017 annual sustainable development report highlights that although domestic sales have steadily improved since 2012, UK manufacturers continue to face high regulatory policy costs with high energy prices and high electricity network and wholesale costs. The MPA states that these issues are largely a result of energy and climate change policies and considerable change in the energy system induced by government policy. A specific concern high... |
Breedon Group reports earnings up 43% to GBP652m07 March 2018, Published under Cement NewsBreedon Group PLC reports revenues grew by 43 per cent to GBP652.4m (US$904.9m) in 2017 while underlying earnings before interest and tax (EBIT) increased by 35 per cent to GBP80.4m, including a full-year contribution from Hope Construction Materials Ltd. This equates to an underlying EBIT margin of 12.3 per cent and Breedon reports that it is making good progress towards its 2020 target of 15 per cent. Profit before tax rose by 52 per cent to GBP71.2m and underlying basic earnings p... |