Displaying items by tag: UK

Europe: CRH has been approved by the European Commission as a purchaser of assets in the European Union from Lafarge and Holcim. CRH has also received from the European Commission the clearance for the acquisition of these assets. These divestments remain subject to the completion of the merger between Lafarge and Holcim, including a successful public exchange offering to Lafarge's shareholders and approval by Holcim's shareholders.

In France Holcim and Lafarge are divesting all of Holcim's assets, except for its Altkirch cement plant and aggregates and ready-mix sites in the Haut-Rhin region, and a grinding station of Lafarge in Saint-Nazaire. Lafarge's assets on Reunion island are being sold except for its shareholding in Ciments de Bourbon. All of Lafarge's assets are also being sold in Germany and Romania. Lafarge Tarmac assets in the UK are being sold with the exception of its Cauldon and Cookstown plants and certain associated assets. In Hungary all of Holcim's operating assets are being divested and it is selling its assets in Slovakia.

UK: David Ball Group, a UK-based manufacturer and supplier of cement admixture products and ultra-low-carbon, cement-free concrete, has announced that it has received investment from The Wheatsheaf Group.

David Ball Group will use the investment to further develop its PUDLO brand, a technically-advanced concrete waterproofing system and to fund the commercialisation of its new patented product, CEMFREE.

CEMFREE is a cement replacement technology that enables the production of structural concrete without the need for Portland cement, which accounts for 5-7% of global man-made CO₂ emissions. David Ball Group and Wheatsheaf believe that CEMFREE will help the construction industry to lower its environmental impact by reducing the amount of carbon in structural concrete worldwide.

"We are delighted with the investment by Wheatsheaf. We were keen to find an experienced and dynamic investor who would not only bring skills to the board but assist with accelerating the growth of the business in the UK and overseas," said David Ball, founder and chairman of the David Ball Group. "Wheatsheaf has a strong focus on investing and supporting sustainable technologies and shares our belief that CEMFREE provides a significant opportunity for reducing carbon emissions within the construction sector. The level of interest generated by CEMFREE demonstrates the determination of the global cement and concrete industry to reduce its environmental impact with innovative business-led solutions."

Pro Global Media - publishers of Global Cement Magazine and Global Gypsum Magazine - has had a viral hit with its 2015 April Fools' Day hoax.

In announcing a foray into a new sector - 'Global Cheese' - the hoax pushed the bounds of credibility and credulity. In launching an associated fully-functioning cheese-themed mobile-optimised responsive website - www.Global-Cheese.com (produced within 24 hours and created by web editor David Perilli), the hoax had real depth and led to further SEO triumphs. "Appearing at No. 1 in Google's news ranking (for 'Global cheese') is quite an accomplishment," said Robert McCaffrey, editorial director.

The list of cheeses on the news release - given below - spells out A-P-R-I-L - F-O-O-L as an acrostic, while the pictures of cheeses on the www.Global-Cheese.com web site also indicates the prank.

For the avoidance of doubt, Pro Global Media is not launching Global Cheese!

The original news story is as below. Enjoy!

UK: Pro Global Media Ltd, the publisher of Global Cement Magazine, Global Gypsum Magazine and organiser of the popular range of associated conferences, is proud to announce that it will shortly be launching into a new sector: Global Cheese.

While the synergies between the cheese and building materials sectors are not immediately apparent, Editorial Director Robert McCaffrey points out that the subject areas share more than they may appear to. "Some will say that cement and cheese have as much in common as chalk and cheese," says cheese-fan McCaffrey. "However, both sectors concern commodity products that have some differentiation between world regions and suppliers. Many of the equipment producers supply both the cement and cheese sectors and cheese can also be heated into a tasty fondue. Indeed, as an example of a synergistic cement-cheese crossover product, Ciment Fondu is a type of calcium-aluminate cement much favoured in France although, strictly, it does not contain any cheese."

"I was also keen to start working in this exciting area," adds Paul Brown, Commercial Director, "since cheese is a lot tastier than cement or gypsum, especially with a nice glass of red wine."

Visit www.Global-Cheese.com for more details.

Avonlea Clothbound Cheddar

Pembrokeshire Extra Mature Cheddar

Red Leicester

Isle of Man Cracked Peppercorn

Lincolnshire Poacher

Francis

Oak Smoked Wensleydale

Old Ford

Little Rydings

UK: O'Donovan Waste Disposal is investing Euro20m in a new processing facility close to Alperton, west London.

The site will have a material reception and recycling facility that sorts and processes a myriad of construction and demolition waste into recoverable and reusable materials, such as graded aggregate. Around 50 jobs will be created across a range of operational roles, including drivers and waste handlers.

"We have been looking for a suitable site for many years and this is in an ideal location for us. There are so many large, long-term development projects in London that there is a real need for increased recycling infrastructure like this. Construction has already started and we hope to be fully operational in late spring," said Jacqueline O'Donovan, managing director at O'Donovan Waste Disposal.

US/UK: On 13 March 2015, HeidelbergCement completed the sale of its North American (excluding Western Canada) and UK building products business, Hanson Building Products, to Lone Star. The sale was originally announced on 24 December 2014. HeidelbergCement will receive more than Euro1.2bn, in addition to up to Euro95m payable in 2016, depending on business performance.

UK: Environment minister Mark H Durkan and Devendra Mody, industrial director at Lafarge Tarmac, have signed an agreement allowing the use of waste-derived fuels (WDF) at Lafarge Tarmac's cement plant in Cookstown, Northern Ireland. The plant, which employs 86 people, currently uses coal for approximately 95% of its fuel. The agreement will see Lafarge Tarmac substitute up to 35% of its coal with WDF.

"The agreement will turn environment issues from barriers to business into economic growth opportunities. The deal is that the Northern Ireland Environment Agency (NIEA) firmly regulates and reduces red tape. In turn, partner companies invest heavily in the environment," said Durkan. "Lafarge Tarmac is committing significant investment in the environment. In addition to many environmental benefits, it will reduce its carbon emissions from production by a minimum of 10%, equivalent to taking 6500 cars off the road. It will look at ways to reduce emissions from its transportation chain and has also committed to improving public access to rare geological features found in the Ballysudden Area of Sepcial Scientific Interest (ASSI), located in its Cookstown quarry and to work with key stakeholders to develop a renewable energy strategy and examine options for reducing packaging."

UK: Martin Langvad has been appointed as vice president of cement operations and technology (Northern Europe). Martin has worked for Cemex for 19 years and has more than 30 years experience in the cement industry. With the reorganisation of Cemex in Germany, he has taken over responsibility for cement production in the UK and will continue to be the head of the Northern Europe cement operations.

Philip Baynes-Clarke has taken over responsibility as plant director at Rugby cement plant. His previous role as plant director at the South Ferriby, Humberside plant has been taken by Jan Kristof Peters. Baynes-Clarke has been in the cement industry for 13 years and started at Rugby cement plant as a graduate process engineer.
Jan Kristof Peters has worked for Cemex Germany for five years, starting as a process engineer and more recently as a production manager at the Kollenbach plant. Prior to joining Cemex, Peters worked in the lime industry.

UK: SITA UK has completed the construction of its Solid Recovered Fuel (SRF) manufacturing plant at Malpass Farm in Rugby, Warwickshire. The plant will undergo a series of commissioning tests over the next few months before starting full-scale production of Climafuel SRF. This will be used to power the kiln at the adjacent Cemex UK Rugby cement plant.

The residual waste material arriving at the site will primarily be collected from commercial and industrial businesses across the region that would otherwise go to landfill. Once received on site any metals, plastics and paper will be extracted for recycling. Similarly, materials with a high chlorine content, which could damage the kiln, will also be extracted. Any residual waste material that is removed from the production process will be processed into refuse derived fuel (RDF) for use in waste-to-energy applications.

To produce the SRF, the remaining material is sifted, shredded and blended while being continuously analysed using infrared technology. This allows the plant operators to ensure that the fuel, which has a confetti-like consistency after processing, has the precise chemical composition and calorific value required by Cemex UK.

SITA UK's Head of Alternative Fuels, Andy Hill, said, "The residual waste material that will be delivered to this facility would have gone to landfill but, instead, we are going to take out anything that can be recycled and then turn what's left into a replacement fuel."

"We have been producing this fuel very successfully at our sister plant at Landor Street in Birmingham for the past couple of years, but this new facility implements the latest technology and will substantially increase our production capacity," continued Hill. "Between the two plants, we'll be producing around 250,000t/yr of Climafuel."

SITA UK is currently also investing in new SRF manufacturing facilities at the Port of Tilbury in Essex, which are currently under construction. SITA UK currently supplies SRF to CEMEX UK and to CEMEX Latvia.

CRH has made good on its intentions. This week it stumped up Euro6.5bn to buy assets from Lafarge and Holcim in four continents. The move follows preparation since at least May 2014 when the Irish building materials group announced a divestment programme. In October 2014 it announced that it would sell its brickwork division.

CRH is finding the cash through a mix of existing cash, debt and equity placing. Interestingly, back in 2012 an Irish stockbroking analyst who was interviewed reckoned that the company could spend up to Euro3.5bn on acquisitions whilst remaining within its banking agreements. Throw in the recent sales and planned divestments and the planned acquisition from LafargeHolcim doesn't seem like too much of a stretch for CRH.

If completed, the purchase will see CRH take on 24 cement plants with a production capacity of 36Mt/yr. As a back of the envelope calculation suggests the sale price of Euro6.5bn isn't far off the occasionally used price of US$200/t for western cement production. The deal also includes aggregates, ready mixed concrete and asphalt assets.

The purchase marks a change in CRH's buying strategy both in terms of scale and distribution. Much of CRH's previous acquisitions have been minority shareholdings that make it difficult to accurately report the company's position in the cement industry. For example, in our Top 100 Report CRH was reported to have a production capacity of 6.49Mt/yr for majority shareholdings with another 19.9Mt/yr for minority shareholdings. The new cement capacity being purchased blows this away because it more than doubles CRH's total capacity and it appears to be all majority owned. CRH thinks that this will propel it to become the world's third biggest building materials manufacturer after LafargeHolcim and Saint-Gobain, leapfrogging Cemex and HeidelbergCement in the process. Strangely there is no mention of the huge Chinese players in the top five manufacturers in CRH's acquisition presentation.

CRH has avoided buying plants in southern Europe but it is relying on the slowly improving growing UK market, where CRH will pick up four plants, to balance the risk. Elsewhere in Europe, the three Holcim plants in France have been suffering from continued low construction rates in that country and the two Lafarge cement plants in Romania are unlikely to have recovered from a production fall in 2013. Outside of Europe growth has been poor in Quebec in 2013 and 2014, where CRH is buying two plants from Holcim. Both Lafarge and Holcim have also seen a slowdown in Brazil. However, the Philippines does seem like a better bet for CRH, with solid cement volumes growth seen by Lafarge in 2013 and the first three quarters of 2014.

With CRH now looking like a company that wants to produce cement rather than one that owns parts of companies that produce cement, all eyes are on the construction markets. 14 of the 24 cement plants CRH are buying are in Europe. Buying at the bottom of a sustained production slump makes sense because the asking price will be low. However, has the bottom been reached yet?

UK: An American private equity firm, KKR, is in talks to buy a stake in one of Britain's biggest building materials companies. KKR is understood to have teamed up with CRH. Together, they will bid for Euro6bn of assets put up for sale by Holcim and Lafarge.

CRH is in a strong position to win the race for the LafargeHolcim assets, although it is likely to be hit by regional competition issues if it is successful. As a result, it is said to have held discussions with KKR about an agreement that would see the private equity firm take control of some divisions of Holcim and Lafarge to assuage regulatory concerns.
Insiders have said that KKR has shown particular interest in the British assets of LafargeHolcim, which include Lafarge Tarmac, allegedly worth Euro2.27bn.