REG - CRH PLC - CRH Establishes New Venture Capital Unit

CRHAnnouncement

16/12/2022 07:00

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RNS Number : 9067J  CRH PLC  16 December 2022

Press Release

CRH Establishes New Venture Capital

Unit

 

CRH plc, the global leader in building materials solutions, announces CRH
Ventures, its venture capital unit, which will support the development of new
technologies and innovative solutions to meet the increasingly complex needs
of customers and evolving trends in construction.

 

With access to a $250 million venturing and innovation fund to invest, CRH
Ventures will partner with construction and climate technology companies,
operating across the construction value chain.

 

CRH Ventures will focus on cutting-edge technologies at the core of the
construction industry's changing landscape, investing in companies that are:
developing the next generation of advanced sustainable building products and
accelerating the industry's path to decarbonisation; expanding automation and
off-site construction methods to build more efficiently and safely; leveraging
digital technologies to build smarter; and increasing market efficiency and
optimisation to deliver better value for customers.

 

Albert Manifold, Chief Executive of CRH, said: "The launch of CRH Ventures
demonstrates our continued commitment to investing in new technologies that
will shape the built environment of tomorrow. CRH Ventures will serve as a
valuable partner to start-ups and entrepreneurs that will benefit from the
technical capabilities, knowledge and expertise of a global industry leader,
to pilot and scale new technologies and innovations that will enable safer,
smarter, and more sustainable construction."

 

CRH Ventures is actively pursuing investment opportunities, having already
partnered with construction and climate technology start-ups in the areas of
digitalisation and decarbonisation.

 

For more information visit www.crhventures.com (http://www.crhventures.com) .

 

***

 

Contact CRH at Dublin 404 1000 (+353 1 404 1000)

   Albert Manifold      Chief Executive
   Jim Mintern          Finance Director
   Frank Heisterkamp    Director of Capital Markets & ESG
   Tom Holmes           Head of Investor Relations

 

   About CRH

CRH (LSE: CRH, ISE: CRG, NYSE: CRH) is the leading building materials business
in the world, employing c.73,000 people at c.3,200 operating locations in 29
countries. It is the largest building materials business in North America and
in Europe and also has regional positions in Asia. CRH manufactures and
supplies a range of integrated building materials, products and innovative
end-to-end solutions which can be found throughout the built environment in a
wide range of construction projects from major public infrastructure to homes
and commercial buildings. A Fortune 500 company, CRH is a constituent member
of the FTSE 100 Index, the EURO STOXX 50 Index, the ISEQ 20 and the Dow Jones
Sustainability Index (DJSI) Europe. CRH is ranked among sector leaders by
Environmental, Social and Governance (ESG) rating agencies. CRH's American
Depositary Shares are listed on the NYSE. For more information visit
www.crh.co (http://www.crh.com) m (http://www.crh.com)

 

Registered Office: No 12965. Registered Office: 42 Fitzwilliam Square, Dublin
2, R02 R279, Ireland

 

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