CRH has appointed Jim Mintern as its next CEO. He will start in 2025 following the retirement of the current CEO, Albert Manifold, who plans to retire at the end of 2024. Manifold will continue as an advisor to CRH until the end of 2025. Mintern is currently CRH’s Chief Financial Officer and has been
CRH, formerly Cement Roadstone Holdings, announced this week that CEO Albert Manifold is retiring at the end of 2024. He will be replaced by current chief financial officer Jim Mintern in the role. Manifold will continue to work as an advisor to CRH in 2025. Manifold’s time at the head of CRH marks a decade
New regulations effective from 1 September 2024 require all state-funded building projects in Ireland – including roads, schools, and hospitals – to use low-carbon cement. The directive prohibits the use of CEM I cement, mandating a minimum of 30% replacement of clinker with low-carbon alternatives for public projects.
Sabancı Holding subsidiary Çimsa Çimento has signed a share purchase agreement to acquire a 95% stake in Mannok. Reuters has reported the total enterprise value of Mannok as €330m. In determining the eventual purchase price, Çimsa Çimento says that it will make adjustments for any debt or related items. The deal marks the group’s entry
CRH has announced its financial results for the second quarter of 2024. Revenue was US$9.7bn, down by 1% year-on-year, net income was US$1.3bn, up by 8% year-on-year, and adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) were US$2.3bn, up by 12%. CRH raised its 2024 financial year guidance, projecting net income increase to US$3.85bn
CRH has won approval from Adbri shareholders to acquire 57% of the company for close to US$1.4bn. The deal was the result of a unanimous vote in favour on 12 June 2024. Adbri’s lead independent director and chair of its independent board committee Samantha Hogg said “A combined CRH and Adbri will bring growth opportunities,
CRH has reported a positive start to 2024, with total revenues reaching US$6.5bn in the first quarter of 2024, marking a 2% year-on-year increase from US$6.4bn in the same period of 2023. The company attributes this growth to early-season project activity and favourable weather in parts of the US, alongside gains from pricing strategies and
Netherlands: Ireland-based Ecocem has agreed a deal with Overslagbedrijf Moerdijk (OBM) to expand production and storage capacity at the company’s Moerdijk slag cement grinding plant. The project is intended to allow the unit to both produce and store the company’s advanced cement technology (ACT) product. It will quadruple the storage capacity for key materials at
Ireland-based CRH has agreed to sell its European lime business to UK-based SigmaRoc for US$1.1bn. The business controls 16 sites across the Czech Republic, Germany, Ireland, Poland and the UK. CRH says that the first phase of the transaction, which is scheduled for completion in early 2024, will hand over control of the Czech Republic,
CRH has completed the move of its primary listing to the New York Stock Exchange. The group will retain a standard listing on the London Stock Exchange. It said it had made the transition because “We believe a US primary listing will bring increased commercial, operational and acquisition opportunities for our business, further accelerating our
- 1
- 2