Quinn Group reveals plans for the future
Published: 19 Dec 2012 15:25
The businesses which will become part of the proposed joint venture are the combined cement and building products businesses based in Ballyconnell, Derrylin, Kinnegad, Belfast, Cork and Benelux.
In a separate development, Quinn Manufacturing has today announced a 15 million investment to upgrade its Ballyconnell cement plant.
When completed, Quinn Manufacturing in Ballyconnell will facilitate the use of alternative fuels thereby replacing coal as the primary fuel.
In a joint statement, chief executive of Quinn Manufacturing Group, Paul O'Brien and the chief executive of Lagan Cement Group, Jude Lagan, said: "By combining two stable Irish businesses the proposed JV will create a sustainable independent cement manufacturer that can continue to support its customers on a competitive basis."
The joint venture discussions are likely to take up to three months to complete and will involve the development of a business plan to combine the Quinn/Lagan cement and building products operations.
"This proposal would be subject to approval by the Competition Authority. Whilst it is the intention of both parties to conclude a joint venture agreement, no certainty can be assumed prior to the completion of these discussions and the relevant Competition Authority approvals," the statement added.
Meanwhile, in a separate development, Quinn Manufacturing has today announced a 15 million investment to upgrade its Ballyconnell cement plant, which, when completed, will facilitate the use of alternative fuels thereby replacing coal as the primary fuel.
"The use of solid recovered fuel (SRF) as an alternative fuel is long established in the cement industry worldwide. SRF is a fuel produced from segregated waste and its use will bring Quinn Cement cost of production more into line with its Irish and European competitors."
Get more stories from our Roundup section
8 Dec 2013 09:00 • Editorial Department
The first woman to be appointed a bishop in the Anglican church in the British Isles, has local connections.
7 Dec 2013 20:30 • Editorial Department
A 23-year-old man had his teeth knocked out in what he claimed was a “sectarian” attack in Lisnaskea last Christmas.
7 Dec 2013 19:49 • Meadhbh Monahan
“I was beaten with a baseball bat with nails on it, in the dark, at 4am; [deciding whether to protest at a frack site] is a big challenge for parents and a big decision to make.” That was one message given to over 100 people who attended a Ban Fracking Fermanagh meeting in the Railway Hotel today (Saturday), from Tara Canon from Bundoran, who protested for two years against a motorway going through The Hill of Tara in County Meath.
7 Dec 2013 17:16
Ballinamallard claimed the points at Ferney Park today as Davy Kee's 69th minute goal earned them the victory against Ards.
7 Dec 2013 14:15 • Rodney Edwards
A man in his early fifties has died following an accident in Lisnaskea this morning (Saturday).
7 Dec 2013 14:00 • Editorial Department
FERMANAGH District Council has vowed to stand “shoulder to shoulder” with the workers at HM Revenue and Customs (HMRC) in Enniskillen following the news that the organisation has introduced a voluntary redundancy scheme.
7 Dec 2013 11:30 • Rodney Edwards
A YOUNG mother struggling to keep her home warm turns the heating off when her children are out and wears an extra jumper.
7 Dec 2013 09:00 • Editorial Department
HEALTH Minister Edwin Poots says he will continue to challenge the Western Trust when he needs to get answers on issues in Fermanagh.
6 Dec 2013 21:30 • Julie Kenwell
A substantial infestation of Japanese knotweed could spell “dire consequences” for Fermanagh property owners, a weed management company has warned.
6 Dec 2013 18:00 • Lily Dane
‘One hundred years young’ would certainly be an apt description for sprightly centenarian, James McDonnell, from outside Irvinestown.
6 Dec 2013 17:00
Our photographer John McVitty captured this stunning rainbow which appeared over Cornagrade in Enniskillen this afternoon.
6 Dec 2013 16:55
"Preditory sex offender" John Michael McDermott already serving over nine years for his involvement in the abuse of eight children, stands to be sentenced again in the New Year after pleading guilty today (Friday) to abusing a ninth victim.
6 Dec 2013 16:30 • Editorial Department
A selection of topical, amusing, noteworthy tweets from Fermanagh and beyond. Check below to see if you have been featured this week...
6 Dec 2013 14:00
Tomorrow (Saturday) is Small Business Saturday; a day when shoppers are encouraged to support local businesses in towns and villages across Fermanagh.
6 Dec 2013 12:30 • Rodney Edwards
IT appears relations between political opponents Arlene Foster and Phil Flanagan are improving after one of them suggested going for a coffee with the other.
6 Dec 2013 12:30
Goalkeeper Ronan Gallagher has become the latest Fermanagh player to bring the curtain down on his inter-county career.
6 Dec 2013 11:30 • Editorial Department
Irish police officers colluded in the IRA murder of a senior policeman from Kinawley, the final report of the Smithwick Tribunal has found.
6 Dec 2013 09:30
A 21-year-old man with mental health problems threatened to shoot police after they took him to hospital for treatment.
5 Dec 2013 21:30
Christmas shoppers are in for a treat tomorrow as Fermanagh District Council once again hosts its Christmas Craft and Food Fair in Enniskillen.
5 Dec 2013 18:30
A “very lucky” 22-year-old woman has been spared a jail sentence.