CRH’s Asia Division was formed following our entry into the cement market in the Philippines in 2015, when it acquired Republic Cement, the number two producer in the market.
In addition, CRH has established strategic footholds in China and India. 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.
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 division employs approximately 1,400 people with a further 8,250 in our equity accounted entities.