31st May 2018 08:34
LONDON (Alliance News) - CRH PLC said Thursday it will establish a new division effective from January 2019 that will bring together parts of its Europe and Americas business.
CRH shares were trading 3.7% higher early Thursday at 2,778.00 pence each, the best performer of the FTSE-100 Index.
The Irish building material company said the new Building Products division will combine the Europe Lightside, Europe Distribution and Americas Products divisions under the management of the latter's President Keith Haas.
"This new platform will operate alongside our Americas Materials and Europe Materials divisions, leveraging our scale and network opportunities across our global products businesses," the company said.
CRH said it is targeting to improve its group earnings before interest, taxes, depreciation and amortisation margin by 300 basis points by 2021.
Related Shares:
CRH