8-K

CRH PUBLIC LTD CO 8-K Report (Oct 11, 2006)

Filed October 11, 2006For Securities:CRH

Summary

CRH Public Limited Company (CRH) announced on October 10, 2006, its agreement to acquire the assets of a cement plant located in Heilongjiang province, northeast China. This strategic move marks CRH's entry into the significant and expanding Chinese building materials market. The acquired facility, which will operate as Harbin Sanling Cement Company, is a modern plant with a total cement capacity of 650,000 tonnes per annum, featuring two clinker production lines. The acquisition is anticipated to close within the next few months, pending necessary government approvals and the fulfillment of certain conditions. This development presents a key opportunity for CRH to establish a foothold in a high-growth region, aligning with the company's expansion objectives. Further details regarding this transaction are expected to be disclosed in due course.

Key Highlights

  • 1CRH has entered into an agreement to acquire a cement plant in Heilongjiang province, northeast China.
  • 2This acquisition represents CRH's entry into the Chinese building materials market.
  • 3The acquired plant will operate as Harbin Sanling Cement Company.
  • 4The facility is modern, with two clinker production lines and a capacity of 650,000 tonnes per annum.
  • 5The transaction is subject to government approval and other customary closing conditions.
  • 6The acquisition is expected to close in the coming months.
  • 7Liam O'Mahony, CRH Chief Executive, views this as an excellent opportunity to participate in the large and growing Chinese market.

Frequently Asked Questions

This 8-K filing announces CRH Public Limited Company's agreement to acquire a cement plant in Heilongjiang province, China, signaling their entry into the Chinese building materials market.

The acquisition is expected to provide CRH with an entry into the large and growing Chinese building materials market, offering significant growth opportunities. The acquired plant has a substantial production capacity.

The acquisition is expected to close in the coming months, contingent upon receiving government approval and satisfying certain other preconditions.

The acquired cement plant, to be named Harbin Sanling Cement Company, is a modern facility located in Heilongjiang province. It features two clinker production lines and has a total annual cement capacity of 650,000 tonnes.