CRH plc
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| Type | Public limited company |
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| Traded as | ISEQ: CRH, LSE: CRH, NYSE: CRH |
| Founded | Irish Cement Limited (1936), Roadstone Limited (1949) & merger (1970) |
| Headquarters | Dublin, Ireland |
| Key people | Kieran McGowan - Chairman Myles Lee - Chief Executive |
| Products | Various building materials |
| Revenue | € 17,173 million (2010)[1] |
| Operating income | € 698 million (2010)[1] |
| Net income | € 439 million (2010)[1] |
| Employees | 93,572 (2008) |
| Website | www.crh.ie |
- CRH is also the acronym for Irish company Celtic Resources Holdings plc, a mining company
CRH plc (ISEQ: CRH, LSE: CRH, NYSE: CRH, FWB: CRH) is an Irish building material group, formerly called Cement-Roadstone Holdings plc.
CRH has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has secondary listings on the Irish Stock Exchange (where it is a constituent of the ISEQ 20) and New York Stock Exchange.
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[edit] History
The company, whose name is an abbreviation of Cement Roadstone Holdings, was formed through the merger in 1970 of Cement Ltd (established in 1936) and Roadstone Ltd (established in 1949).[2] Major acquisitions have included Tilcon, a leading US building materials supplier, in 1996, and Ibstock, a leading British brick manufacturer in 1999.[2]
In 2006 CRH struck out from its usual strategy and invested in a cement factory based in the Heilongjiang region in China.[3] It has built on that presence acquiring a 26% stake in the Jilin Yatai Group and an option to acquire 49% in the future.[4]
In 2007 CRH purchased four US companies, worth a total of $350 million (€251 million) to add to its US materials division: these companies are Conrad Yelvington Distributors Inc. (CYDI), Eugene Sand & Gravel, Cessford Construction and McMinn's Asphalt and Prospect Agrregates.[5]
In 2008 CRH agreed to buy a 50 percent stake in Indian cement company My Home Industries Ltd. for €290 million ($452 million).[6]
Also in 2008 CRH agreed to purchase landscape paver, Pavestone, for $540 million.[7]
[edit] See also
[edit] References
- ^ a b c Preliminary Results 2010
- ^ a b CRH: History
- ^ CRH buys 26% of Jilin Yatai China Daily, 9 January 2009
- ^ CRH builds up China cement presence RTÉ Business, 17 October 2006
- ^ CRH spends €11.2m on US Concrete deal Irish Independent, 21 November 2007
- ^ CRH agrees to buy 50 pct stake in India's My Home Industries for €290 million Trading Markets, 20 March 2008
- ^ CRH buys US-based Pavestone for €348m RTÉ Business, 13 March 2008
[edit] External links
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