8-K

CRH PUBLIC LTD CO 8-K Report (Feb 9, 2007)

Filed February 9, 2007For Securities:CRH

Summary

CRH plc announced on February 9, 2007, the successful completion of its first acquisition in China. This strategic move involves the purchase of a modern cement plant located in Heilongjiang province, northeast China, which will operate under the name Harbin Sanling Cement Company. The plant boasts two clinker production lines with a total annual cement capacity of 650,000 tonnes. This acquisition signifies CRH's entry into the significant and expanding Chinese building materials market. Management views this as a key opportunity to leverage CRH's expertise and participate in China's robust economic growth. Investors should note this as a pivotal step in CRH's international expansion strategy and its commitment to diversifying its geographic footprint.

Key Highlights

  • 1CRH plc has completed the acquisition of a cement plant in Heilongjiang province, China.
  • 2The acquired facility will operate as Harbin Sanling Cement Company.
  • 3The plant is modern and features two clinker production lines.
  • 4Total annual cement capacity of the plant is 650,000 tonnes.
  • 5This marks CRH's first acquisition in the Chinese market.
  • 6The acquisition positions CRH to capitalize on the large and growing Chinese building materials sector.
  • 7The deal received necessary government approval prior to completion.

Frequently Asked Questions

This acquisition is significant as it represents CRH's first entry into the Chinese market, a large and rapidly growing sector for building materials. It allows CRH to participate directly in China's economic expansion and diversify its geographic revenue streams.

The Harbin Sanling Cement Company has a total annual cement capacity of 650,000 tonnes, spread across two clinker production lines.

The cement plant is located in Xiaoling Township, Heilongjiang province, in northeast China, approximately 45 km southeast of Harbin, the province's largest city.

Yes, the acquisition was contingent on and has received the necessary government approval prior to its completion.