21st Dec 2006 10:30
CRH PLC21 December 2006 N E W S R E L E A S E 21 December 2006 CRH ANNOUNCES MAJOR CEMENT INVESTMENT IN IRELAND CRH plc, the international building materials group, announces that its Irishsubsidiary, Irish Cement Limited, is commencing a €200m investment project tomodernise its Platin Cement Works near Drogheda in Ireland . The new plant - CRH's largest ever single investment in Ireland - comprises anew kiln line and milling facility and will replace the older of the twoexisting kilns. It will increase the cement capacity of Platin Works fromapproximately 2 million tonnes to 2.8 million tonnes and will ensure thatadequate supplies of cement are available in Ireland for the future. Platin Works has been in operation since 1972 and has been both the primarysource of cement in Ireland for the past 30 years and a major employer in theDrogheda area. The new plant is expected to be commissioned in late 2008 andwill secure continuing employment in the cement industry in Drogheda , where CRHbegan producing cement in 1938. The investment will create an ultra-modern, energy efficient plant, meetingworld best practice emissions standards. It will also facilitate the productionof environmentally friendly cements with lower carbon intensity. Commenting on these developments, Liam O'Mahony, CRH Chief Executive, said "Thismajor project is a clear sign of CRH's commitment to meeting the long-term needsof an expanding Irish economy and construction sector, through ongoinginvestment in state-of-the-art production facilities across the wide range ofits activities". Contact CRH at Dublin 404 1000 (+353 1 404 1000) Liam O'Mahony, Chief Executive Myles Lee, Finance Director Eimear O'Flynn, Head of Investor Relations Maeve Carton, Group Controller CRH plc, Belgard Castle , Clondalkin, Dublin 22, Ireland TELEPHONE +353.1.4041000 FAX +353.1.4041007 E-MAIL [email protected] WEBSITE www.crh.com Registered Office, 42 Fitzwilliam Square , Dublin 2, Ireland This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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