CRH announces major cement investment in Ireland
21 December 2006
CRH plc, the international building materials group, announces that its Irish subsidiary, Irish Cement Limited, is commencing a €200m investment project to modernise its Platin Cement Works near Drogheda in Ireland.
The new plant – CRH’s largest ever single investment in Ireland – comprises a new kiln line and milling facility and will replace the older of the two existing kilns. It will increase the cement capacity of Platin Works from approximately 2 million tonnes to 2.8 million tonnes and will ensure that adequate supplies of cement are available in Ireland for the future.
Platin Works has been in operation since 1972 and has been both the primary source of cement in Ireland for the past 30 years and a major employer in the Drogheda area. The new plant is expected to be commissioned in late 2008 and will secure continuing employment in the cement industry in Drogheda, where CRH began producing cement in 1938.
The investment will create an ultra-modern, energy efficient plant, meeting world best practice emissions standards. It will also facilitate the production of environmentally friendly cements with lower carbon intensity.
Commenting on these developments, Liam O’Mahony, CRH Chief Executive, said “This major project is a clear sign of CRH’s commitment to meeting the long-term needs of an expanding Irish economy and construction sector, through ongoing investment in state-of-the-art production facilities across the wide range of its activities”.
Contact CRH at Dublin 404 1000 (+353 1 404 1000)
|Liam O'Mahony ||Chief Executive |
|Myles Lee ||Finance Director |
|Éimear O’Flynn ||Head of Investor Relations |
|Maeve Carton ||Group Controller |