By Michael Susin


CRH PLC said on Friday that it has launched its venture capital unit CRH Ventures, which will support the development of new technologies in construction.

The Irish building-materials supplier said that CRH Ventures will have access to a $250 million venturing and innovation fund to invest, and that it will partner with construction and climate technology companies.

"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," Chief Executive Albert Manifold said.


Write to Michael Susin at michael.susin@wsj.com


(END) Dow Jones Newswires

12-16-22 0226ET