CRH has established strategic footholds in China and India over the last eight years. Our strategy is to build select leading regional positions to enable us to benefit from industrialisation, urbanisation and population growth in these developing economies over the coming decades.
The Group has a 26% stake in associate Yatai Building Materials, which is a market leader in building materials in Northeast China. In India, we have a 50% Joint Venture with My Home Industries Limited (“MHIL”) which is a leading player in the southern states of Andhra Pradesh and Telangana.
Following the completion of our acquisition of certain assets from Lafarge-Holcim in August 2015, we welcomed over 1,000 new employees from 9 locations in the Philippines, to the CRH Asia team. In addition, CRH’s equity accounted operations in China and India employ approximately 10,000 people.