CRH plc

Global Recycled Concrete Industry Research 2024: Market Trends with Data from 2022, Estimates for 2023, and CAGR Projections Through 2028 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, April 3, 2024
Residential Building & Real Estate, Commercial Building & Real Estate, Urban Planning, Manufacturing, Construction & Property, Landscape, Building Systems, Architecture, Other Manufacturing, Engineering, Other Construction & Property, CRH, Construction, Environment, ESG, CEMEX, USD, CRH plc, Recycling

The Global Recycled Concrete Market was valued at USD 11.1 Billion in 2023, and is expected to reach USD 17.40 Billion by 2028, rising at a CAGR of 9.30%.

Key Points: 
  • The Global Recycled Concrete Market was valued at USD 11.1 Billion in 2023, and is expected to reach USD 17.40 Billion by 2028, rising at a CAGR of 9.30%.
  • The report discusses different product types and end uses of recycled concrete in residential and non-residential industries across the regions.
  • It offers a detailed analysis of various product types and the prevalent trends and opportunities in the market.
  • The major companies in the global market for recycled concrete are Arcosa Inc., CRH Plc., CEMEX S.A.B.

CRH completes second phase of European lime divestment

Retrieved on: 
Wednesday, March 27, 2024
Mining, Minerals, Other Construction & Property, Manufacturing, Natural Resources, Construction & Property, Building Systems, Other Manufacturing, CRH plc, CRH

On 22 November 2023, CRH plc announced that it had reached an agreement to divest its lime operations in Europe for a total consideration of c.$1.1 billion. CRH is pleased to announce that the second phase of the transaction, comprising the Group’s lime operations in the UK, is now complete.

Key Points: 

On 22 November 2023, CRH plc announced that it had reached an agreement to divest its lime operations in Europe for a total consideration of c.$1.1 billion. CRH is pleased to announce that the second phase of the transaction, comprising the Group’s lime operations in the UK, is now complete.

CRH Continues Share Buyback Program

Retrieved on: 
Thursday, February 29, 2024
Other Construction & Property, Commercial Building & Real Estate, Urban Planning, Construction & Property, CRH plc, Buyback, Share repurchase, Legislation, Barclays, CRH

CRH plc, the leading provider of building materials solutions, is pleased to announce that it has completed the latest phase of its share buyback program, returning a further $0.3 billion of cash to shareholders.

Key Points: 
  • CRH plc, the leading provider of building materials solutions, is pleased to announce that it has completed the latest phase of its share buyback program, returning a further $0.3 billion of cash to shareholders.
  • This brings total cash returned to shareholders under our ongoing share buyback program to $7.3 billion since its commencement in May 2018.
  • Barclays will conduct the Buyback on CRH’s behalf and will make trading decisions under the Buyback independently of CRH in accordance with certain pre-set parameters.
  • The purpose of the Buyback is to reduce the share capital of CRH.

CRH enters binding agreement to acquire Adbri in Australia

Retrieved on: 
Monday, February 26, 2024
Home Goods, Residential Building & Real Estate, Chemicals, Plastics, Retail, Commercial Building & Real Estate, Construction & Property, Manufacturing, Finance, Professional Services, Forest Products, Natural Resources, Urban Planning, Steel, Architecture, Other Construction & Property, Acquisition, Growth, CRH plc, Scheme, CRH, Partner, Partnership

On December 17, 2023, CRH plc, the leading provider of building materials solutions, together with the Barro Group (“Barro” and together with CRH the “Partners”), entered into an agreement with Adbri Ltd (“Adbri”) in relation to a potential transaction to acquire Adbri (the “Offer”) by way of a Scheme of Arrangement (“Scheme”).

Key Points: 
  • On December 17, 2023, CRH plc, the leading provider of building materials solutions, together with the Barro Group (“Barro” and together with CRH the “Partners”), entered into an agreement with Adbri Ltd (“Adbri”) in relation to a potential transaction to acquire Adbri (the “Offer”) by way of a Scheme of Arrangement (“Scheme”).
  • Following due diligence over the past two months, we are pleased to announce CRH and Adbri have entered into a binding agreement under which CRH will acquire the remaining 57% of the ordinary shares of Adbri not owned by Barro for the previously agreed cash consideration of A$3.20 per share.
  • Albert Manifold, Chief Executive of CRH, said: “We are pleased to reach this important milestone in the potential acquisition of Adbri in partnership with the Barro family.
  • We look forward to working with the Barro family over the coming years to enhance the long-term growth and performance of Adbri.”

CRH Announces Date for Full Year 2023 Results Conference Call

Retrieved on: 
Thursday, February 15, 2024
Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, Landscape, GMT, CRH plc, CRH

CRH plc, the leading provider of building materials solutions, will publish its full year 2023 financial results on Thursday, February 29, 2024 at 2:00am ET (7:00am GMT) followed by a conference call and webcast presentation at 8:00am ET (1:00pm GMT).

Key Points: 
  • CRH plc, the leading provider of building materials solutions, will publish its full year 2023 financial results on Thursday, February 29, 2024 at 2:00am ET (7:00am GMT) followed by a conference call and webcast presentation at 8:00am ET (1:00pm GMT).
  • CRH's results and the related presentation will be available at www.crh.com/investors/results-presentations .
  • CRH invites investors and members of the public to register for the event at www.crh.com/investors .
  • Upon registration a link to join the call and dial-in details will be made available.

Martin Marietta Announces Acquisition of Aggregates Operations From Affiliates of Blue Water Industries LLC; Company Also Completes South Texas Cement and Concrete Divestiture

Retrieved on: 
Monday, February 12, 2024
Acquisition, Martin Marietta, CRH plc, Martin Marietta Materials, BWI, CRH

RALEIGH, N.C., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (Martin Marietta or the Company) today announced that on February 11, 2024, it entered into a definitive agreement to acquire 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia from affiliates of Blue Water Industries LLC (BWI Southeast) for $2.05 billion in cash.

Key Points: 
  • RALEIGH, N.C., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (Martin Marietta or the Company) today announced that on February 11, 2024, it entered into a definitive agreement to acquire 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia from affiliates of Blue Water Industries LLC (BWI Southeast) for $2.05 billion in cash.
  • Additionally, on February 9, 2024, the Company completed its previously announced divesture of its South Texas cement and related concrete operations to CRH Americas Materials, Inc., a subsidiary of CRH plc, for $2.1 billion in cash.
  • Together, these portfolio optimizing transactions not only improve the Company’s product mix, margin profile and durability through cycles, but also provide balance sheet flexibility for future acquisitive and organic growth.
  • Ward Nye, Chairman, President and CEO of Martin Marietta stated, “These transactions are wholly consistent with the Company’s SOAR (Strategic Operating Analysis and Review) 2025 aggregates-led product strategy.

CRH completes $2.1bn acquisition of materials assets in Texas

Retrieved on: 
Monday, February 12, 2024
Other Construction & Property, Commercial Building & Real Estate, Urban Planning, Construction & Property, CRH plc, CRH

On November 21, 2023, CRH plc announced that it had reached an agreement to acquire an attractive portfolio of cement and readymixed concrete assets in Texas, USA for a total consideration of $2.1 billion. CRH is pleased to announce that the transaction is now complete.

Key Points: 

On November 21, 2023, CRH plc announced that it had reached an agreement to acquire an attractive portfolio of cement and readymixed concrete assets in Texas, USA for a total consideration of $2.1 billion. CRH is pleased to announce that the transaction is now complete.

CRH publishes IFRS to U.S. GAAP transition information

Retrieved on: 
Wednesday, February 7, 2024
Professional Services, Environmental, Social and Governance (ESG), Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Urban Planning, Landscape, International, International Financial Reporting Standards, CRH plc, Cryptocurrency

CRH plc, the leading provider of building materials solutions, today announces the impact of the transition to generally accepted accounting principles in the United States of America (U.S. GAAP) on its results previously prepared in accordance with International Financial Reporting Standards (IFRS) for the financial years ended December 31, 2021 and December 31, 2022.

Key Points: 
  • CRH plc, the leading provider of building materials solutions, today announces the impact of the transition to generally accepted accounting principles in the United States of America (U.S. GAAP) on its results previously prepared in accordance with International Financial Reporting Standards (IFRS) for the financial years ended December 31, 2021 and December 31, 2022.
  • Equivalent transition impact disclosures will be provided for the financial year ended December 31, 2023 on February 29, 2024.
  • Please note that the Company's most recently published outlook guidance provided to the market on November 21, 2023, in respect of the year ended December 31, 2023, was issued on an IFRS basis.
  • Financial restatements under U.S. GAAP for full-year 2021 and 2022, including IFRS to U.S. GAAP reconciliations, are now available on www.crh.com .

Martin Marietta to Divest South Texas Cement and Related Concrete Operations to CRH plc

Retrieved on: 
Tuesday, November 21, 2023
Plant, Martin Marietta Materials, Hunting, SOAR, CRH plc, CRH, Martin Marietta

RALEIGH, N.C., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”) today announced that it has entered into a definitive agreement to sell its South Texas cement business and certain of its related concrete operations to CRH Americas Materials, Inc., a subsidiary of CRH plc, for $2.1 billion in cash.

Key Points: 
  • RALEIGH, N.C., Nov. 21, 2023 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (“Martin Marietta” or the “Company”) today announced that it has entered into a definitive agreement to sell its South Texas cement business and certain of its related concrete operations to CRH Americas Materials, Inc., a subsidiary of CRH plc, for $2.1 billion in cash.
  • More specifically, the facilities to be divested include the Hunter cement plant in New Braunfels, related cement distribution terminals and 20 concrete plants serving the Austin and San Antonio region.
  • Ward Nye, Chairman, President and CEO of Martin Marietta, stated “Consistent with our SOAR (Strategic Operating Analysis and Review) 2025 objectives, we continually examine ways to optimize our portfolio and product mix through asset purchases, exchanges and/or divestitures.
  • After thorough evaluation, we believe that monetizing these operations is in the Company’s best interests to maximize near-, medium- and long-term stakeholder value.

Global Low-Carbon Construction Material Market Set to Reach $578.85 Billion by 2032, Fueling Sustainable Building Practices Worldwide - ResearchAndMarkets.com

Retrieved on: 
Wednesday, November 8, 2023
Construction & Property, Other Construction & Property, Carbon, Nucor, CRH plc, AGC Inc., Stora Enso, SSAB, Cemex, ArcelorMittal, En+ Group, CO2, Benchmarking, Traction, CRH, Building material, Norsk Hydro, Natural gas, Anna Vertua Gentile

The metal segment is estimated to lead the low-carbon construction material market in terms of materials.

Key Points: 
  • The metal segment is estimated to lead the low-carbon construction material market in terms of materials.
  • Key recent developments in the market include strategic partnerships, innovative solutions, and initiatives by key players:
    In July 2023, Cemex, S.A.B.
  • de C.V. announced record sales of its Vertua net-zero carbon concrete in Colombia, with over 100,000 cubic meters of production.
  • Key players in the global low-carbon construction material market, including manufacturers and ecosystem contributors, have been profiled in the study.