Displaying items by tag: Ash Grove

Ireland: CRH’s sales revenue grew by 4% on a like-for-like basis to Euro21.8bn in the first nine months of 2019. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 7% to Euro3.2bn. Sales grew fastest in its European and American heavy materials divisions with earnings growth more pronounced in North America than in Europe. The group reported growth in ready-mixed concrete and cement sales in North America as it continued to consolidate Ash Grove into the business. Sales in Europe were generally good, although declining construction activity in the UK was noted due to market uncertainty related to the country’s attempt to leave the European Union. CRH also reported falling sales volumes in the Philippines due to a slowdown in infrastructure spending.

US: Staff members at Ash Grove Cement, GCC and Cemex have won awards at the Portland Cement Association’s (PCA) 2019 John P Gleason, Jr Leadership Awards. The awards recognise PCA members who have exhibited leadership in advancing industry programs and initiatives. The scheme is named after John ’Jay’ Gleason, who served as PCA president from 1986 until his retirement in 2007.

Curtis Lesslie, Vice President of Environmental Affairs at Ash Grove Cement, won the Business Continuity award. He has served on the PCA’s Environment and Energy Committee working on numerous environmental initiatives that benefit sustainability and continuity of cement manufacturing. He has promoted information sharing and benchmarking between companies and supported PCA's Occupational Health and Safety Committee as well as the PCA-MSHA (Mine Safety and Health Administration) alliance

David Gray, Market Manager, GCC of America won the Market Development award. The PCA said that he had been a consistent example to industry professionals, customers, and industry associates on how promotion can be both a “fun and rewarding experience.” At the customer level he has raised awareness of the potential gains for cement and concrete in a broad range of construction markets and helped companies and associations create successful promotion initiatives.

Nathan Kimball, Vice President, Safety & Health, Lehigh Hanson won the Young Leaders award. He is an active member of PCA’s Occupational Health and Safety Committee. His work with Mine Safety and Health Administration leaders through information exchange and engagement has helped advance the shared interests of the industry.

Ireland: CRH’s revenue for the six months up to 30th June 2019 was Euro13.2bn, up 11% from Euro11.9bn over the same period in 2018, with a 36% increase in EBITDA to Euro1.54bn from Euro1.13bn in the first half of 2018.

In its interim results, CRH attributed increased cement volumes in the US to synergy delivery and strong price realisation in spite of adverse weather conditions in its key markets, noting ‘a strong contribution from our Ash Grove acquisition,’ obtained at the end of June 2018.

A general improvement in cement pricing in the EU28 saw operating profits ahead of the first half of 2018, with increased demand in the French market from non-residential and civil engineering sectors offsetting the effects of reduced residential demand. The UK market reversed this trend, with operating profit behind 2018 due to higher input costs and volume pressure.

In addition to operating profit improvements reported by subsidiary businesses in the Philippines, CRH group benefited from its share in profit after tax of China’s Yatai Building Materials and India’s My Home Industries Limited, both of which enjoyed improved operating profits compared to 2018.

Ireland: CRH’s sales rose by 7% year-on-year for the first quarter of 2019. It said that sales volumes benefited from mild weather conditions, good momentum across most of its major markets and price rises.

Sales from its Americas Materials business grew by 4% although it noted falling cement and concrete volumes in its West US and Canada regions. It also said that its acquisition of Ash Grove Cement that was completed in mid-2018 had met its synergy delivery programme targets. Sales from its Europe Materials business increased by 12% due in part to better weather than the first quarter in 2017. By key markets the group reported strong sales volumes in Germany, Poland, Romania and the Philippines.

World: FCT Combustion has released details on new burner projects it is involved with. Selected projects include a new contract in the US to convert both kilns to natural gas firing at Ash Grove Cement’s Louisville plant in Nebraska. The order includes Gyro-Therm MKII Burners, Natural Valve Trains and NFPA 86 BMS for both kilns.

Nova Cimangola in Angola has contracted FCT to convert its 5000t/day kiln to fuel oil firing. The order includes a multi fuel main burner, calciner burners, oil heating units, oil pumping and filtering units and control panels.

FCT also provided details about a low NO_x kiln conversion for an undisclosed client. Other selected cement sector projects include the commissioning of Turbu-Flex burner systems for clinker kilns at Finnsementti’s Parainen and Lappeenranta plants in Finland. These are scheduled for commissioning in March 2019 and April 2019 respectively. Baumit’s Wopfing plant in Austria is due for a natural has lance for kiln preheating to be delivered later in March 2019.

It also plans to deliver a Turbu-Flex burner system for a clinker kiln to an undisclosed client in China later in March 2019. It is based on a computational fluid dynamics (CFD) study undertaken by FCT is to allow for the firing of natural gas and to modernise the plant. Commissioning is scheduled for March 2019.

Ireland: CRH’s sales revenue rose by 6% year-on-year to Euro26.8bn in 2018 from Euro25.2bn in 2017. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 7% to Euro3.37bn from Euro3.15bn.

“2018 was another year of record profit delivery for CRH. We benefited from good demand and continued favourable market fundamentals in the Americas coupled with positive underlying momentum in Europe. Both were experienced against a backdrop of energy-related input cost inflation and significant weather disruption throughout the year but with a continued focus on performance improvement and operational delivery, margins were ahead of last year,” said group chief executive officer (CEO) Albert Manifold.

The group’s Europe Heavyside division, including European cement production, saw its sales grow by 10% to Euro7.61bn and EBITDA grew by 9% to Euro911m. Positive performances were noted in Ireland, Belgium, Netherlands, Luxembourg, Denmark and Poland. However, ‘challenging’ trading conditions were reported in the UK due to rising input costs and uncertainty about its departure from the European Union (EU). The Americas Materials division, which acquired Ash Grove Cement in mid-2018, saw its sales rise by 12% to Euro8.95bn and its EBITDA rise by 18% to Euro1.49bn.

Ireland: CRH’s sales rose by 3% year-on-year to Euro19.9bn in the first nine months of 2018. Its earnings before interest, taxation, deprecation and amortisation (EBITDA) increased by 2% on a like-for-like basis to Euro2.5bn. The building materials producer said that its earnings had been supported by growth in the Americas despite poor weather. It added that ‘momentum’ remained positive in Europe and demand had improved in Asia. However, its EBITDA dropped by 44% in Asia.

By region the group reported falling cement sales volumes in the UK and Ukraine. Sales volumes rose in most other European territories, with particular growth in Hungary, Germany, Poland, Serbia and Switzerland. In the US it said that its newly acquired Ash Grove Cement assets and ones in Florida had performed in line with expectations. However, sales in Canada fell due to poor weather. Sales in the Philippines rose by 3% due to rising cement sales volumes and prices following growing demand. However, here earnings were hit by higher fuel and power costs.

US: Staff members from Ash Grove Cement, Argos USA and Lehigh Hanson have won awards at the Portland Cement Association’s (PCA) 2018 John P Gleason, Jr Leadership Awards. The awards recognise PCA members who have exhibited leadership in advancing industry programs and initiatives. The scheme is named after John ’Jay’ Gleason who served as PCA president from 1986 until his retirement in 2007.

Steve Minshall, Corporate Director, Safety and Health at Ash Grove Cement won the Business Continuity award. He has served on the PCA Occupational Health and Safety (OHS) Committee for two decades, where the PCA say he has proven to be a strong safety leader in implementing many programs and initiatives to reduce workplace injuries. He has led efforts to better partnership with regulatory agencies in pursuit of the common goal of safety. Finalists in this category were Brett Lindsay, Environmental & Energy Manager at Salt River Materials Group, and Steve Wilcox, Cement Technical Director at Argos USA.

Lori Tiefenthaler, Senior Director of Marketing at Lehigh Hanson won the Market Development award. As chair of the American Concrete Pavement Association (ACPA) in 2017, Tiefenthaler led efforts to better align the missions of allied cement and concrete associations, including an effort to launch PavementDesigner.org, which is a joint project between PCA, ACPA and National Ready Mixed Concrete Association. She has served on the executive board for the National Concrete Consortium, through which she has helped improve connections and outcomes for the cement and concrete industries with federal and state departments of transportation and academia. Finalists in this category were Bill Asselstine, Vice President Sustainability at St. Marys Cement/VCNA, and David Gray, Market Manager at GCC of America.

Gina Lotito, Vice President, Energy & Environmental, GCC of America won the Young Leaders award. She is an active member of the PCA Environment & Energy Committee, where she has been chair and vice chair of the Sustainable Manufacturing Subcommittee, and served on the Sustainable Development Committee. She has proven a leader in promoting the use of clean alternative fuels for cement production, and in federal advocacy efforts to lower regulatory barriers for using such fuels under the Non-Hazardous Secondary Materials Rule. Finalists in this category were Ed Griffith, Vice President Sales & Marketing, US at St. Marys Cement/VCNA and Adam Posly, Production Manager at LafargeHolcim US.

US: The Federal Trade Commission (FTC) has approved a final order settling changes for Ireland’s CRH acquisition of Ash Grove Cement following a period for public comment. The FTC issued its consent for the transaction in June 2018 on the condition that CRH sell the Three Forks cement plant in Montana to Mexico’s Grupo Cementos de Chihuahua (GCC).

Also under the settlement, because the CRH cement plant in Montana currently sells a significant amount of cement into Canada through two CRH terminals in Alberta, GCC will have the option to use those terminals for three years. CRH also has agreed to purchase, at GCC’s option, cement produced at the plant for distribution in Canada for up to three years. The FTC also forced CRH to sell other assets in Montana, Nebraska and Kansas.

US: CRH has completed the sale of cement and ready-mix assets to Grupo Cementos de Chihuahua (GCC) following its acquisition of Ash Grove Cement. Ireland's biggest company sold the Trident cement plant in Montana to GCC for US$107.5m.

The move comes less than a month after CRH received regulatory approval from the US Federal Trade Commission to acquire cement manufacturer Ash Grove Cement for US$3.5bn in a deal first announced in September 2017.

As part of the transaction with GCC, CRH acquired most of the ready-mix plants and transportation assets belonging to GCC in Oklahoma and northwest Arkansas for US$118.5m. GCC will continue to own and operate four ready-mix plants in the Fort Smith, Arkansas area and own an office building in Tulsa, Oklahoma, which it will lease to CRH.
The purchase and sale amounts have been paid in full but are subject to final inventory valuation adjustments, which are expected to be completed within 90 days.