Why The Older Generation ‘Knows’ The Market Price Of Aggregates (Or So They Think). By Barry Hudson There’s a peculiar phenomenon in the world of aggregates (yes, we’re talking about gravel, sand and stone – not fine wine) where the most experienced generation of industry professionals often dismisses the need for a formal pricing process. “Why waste time with all…
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CRH Names Connolly Interim Chief Financial Officer
CRH plc announced that Alan Connolly has been appointed interim chief financial officer effective Jan. 1, 2025. As announced on Sept. 24, 2024, Jim Mintern, CRH’s current chief financial officer, will assume the role of chief executive officer effective Jan. 1, 2025. A robust and comprehensive process, supported by an independent recruitment consultant, considering both internal and external candidates, is…
Read MoreCRH Acquires Dutra Materials in California
CRH announced the acquisition of Dutra Materials in San Rafael, Calif. This acquisition expands CRH’s Americas Materials Solutions business and enhances its ability to provide integrated solutions to customers in northern California. Dutra Materials complements CRH’s Americas Materials Solutions business in the Western U.S., bringing additional strategic aggregate reserves and asphalt production capabilities to service the northern California construction market.…
Read MoreCRH Names Mintern New Chief Executive Officer
CRH plc announced that Albert Manifold has decided to retire as chief executive officer at the end of 2024 and that he is to be succeeded by Jim Mintern. Mintern is currently CRH’s chief financial officer and has been a director of its board since June 2021. He has more than 30 years of experience in the building materials industry…
Read MoreCRH Reports Financials, Company Developments
CRH plc issued second quarter 2024 results for the three months ended June 30. The company is reporting total revenues of $9.7 billion, a 1% decrease, and $16.2 billion for the first half of 2024, no change.
Read MoreBéton, CRH, Conclude Canadian Transaction for Assets
Béton Provincial Ltée, the largest Canadian-owned company in the concrete and cement industry, has concluded a transaction with CRH Canada Group Inc., involving the acquisition of numerous assets located in Quebec, Newfoundland and Labrador, and the state of New York.
Read MoreCRH Highlights Positive 2023 Results
CRH delivered a strong performance in 2023 supported by good underlying demand in key end-use markets, positive pricing and contributions from acquisitions. The company’s total revenues increased 7% to $34.9 billion from the prior year while organic revenues were up 3%.
Read MoreFirst Look – February 2024
TOP NEWS CRHCaterpillar Inc. has signed an electrification strategic agreement with CRH to advance the deployment of Caterpillar’s zero-exhaust emissions solutions. CRH is the number-one aggregates producer in North America and the first company in that industry to sign such an agreement with Caterpillar. Summit MaterialsSummit Materials shareholders approved proposals at the heart of a September 2023 agreement with Colombia-based…
Read MoreCRH, Caterpillar, Sign Electrification Strategic Agreement
Caterpillar Inc. has signed an electrification strategic agreement with CRH to advance the deployment of Caterpillar’s zero-exhaust emissions solutions. CRH is the number one aggregates producer in North America and the first company in that industry to sign such an agreement with Caterpillar. The agreement is focused on accelerating the deployment of Caterpillar’s 70 to 100-ton-class battery electric off-highway trucks…
Read MoreThe Year in Review
As the Grateful Dead sang, “What a long, strange trip it’s been.” 2023 has been a year of surprises, excitement, progress and unexpected developments. Going into the first part of the year, I would have bet my last two-dollar bill we would see increased aggregates production in 2023. While the final numbers are not in, it is pretty apparent final…
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