US: Conveyor Components has announced the launch of its SBR belt cleaner, a smaller version of its original brush-style belt cleaner. The cleaner uses an electric motor to drive a helical shaped, open face brush. Its hanger rail mounting allows for field customisable mounting on most conveyors. The supplier says that the product efficiently removes fines and carry-back material without clogging or loading.
UltraTech Cement increases stake in RAK White Cement to 30%
UAE: UltraTech Cement subsidiary UltraTech Cement Middle East Investments has newly acquired 29% of the equity share capital of RAK White Cement. The acquisition brings its total stake in the producer to 30%.
Namibian government deports illegal Whale Rock Cement workers
Namibia: Immigration authorities have deported eight illegal Whale Rock Cement workers back to China. The Namibia Press Agency has reported that a court sentenced the Chinese nationals to deportation and fined them US$403 each.
Whale Rock Cement has reportedly launched its own legal action against vigilante workers’ rights group Namibia Economic Freedom Fighters (NEFF), which uncovered the illegal practices, for trespassing.
CRH increases first-quarter sales by 15% year-on-year in 2022
Ireland: CRH’s first-quarter consolidated sales rose by 15% year-on-year in 2022. Its Americas Materials business’ sales rose by 13%, while its Europe Materials business sales rose by 11%. Cement volumes in the Americas region remained in line with 2021 levels as strong Central and Southern regional demand offset weather-impacted performances in Canada and some Western regions, and the company noted ‘good’ price momentum in Canada and the US. The company’s Europe Materials business recorded some volume increases, partly due to favourable weather conditions.
During the quarter, CRH made US$600m-worth of new acquisitions, and retains a ‘strong’ opportunities pipeline. The group says that its integrated solutions strategy continues to deliver across all divisions.
Chief executive officer Albert Manifold said “Although a number of challenges and uncertainties continue, our demand backdrop remains favourable and, absent any major dislocations in the macroeconomic environment, we expect first-half sales, earnings before interest, taxation, depreciation and amortisation (EBITDA) and margin to be ahead of the prior year period.” During the first half of 2022, the company also expects to complete US$600m-worth of its on-going share buyback programme.
