Cement News tagged under: Adbri
Adbri shareholders agree to CRH takeover13 June 2024, Published under Cement NewsShareholders in Australia-based Adbri have given the green light to the takeover bid by Ireland’s CRH . According to The Australian, almost 98 per cent of the votes cast at a meeting held this week at Adbri were in favour of CRH’s acquisition of 57 per cent of Adbri shares. CRH first made a bid for the shares in December 2023, offering AUD3.20(US$2.13)/share, valuing the company at around AUD2.1bn (US$1.4bn). As part of the deal, Barro Group will retain its 43 per cent share of Adbri. ... |
Adbri releases EvoCem Type GL cement31 May 2024, Published under Cement NewsAdbri is proud to be Australia’s first manufacturer of lower-carbon general purpose limestone Type GL cement, a proven international cement technology. Adbri EvoCem Type GL cement is produced locally in Southern Australia, New South Wales, Western Australia and Northern Territory, and has been tried and tested with over 500,000m³ of concrete placed using EvoCem in projects ranging from residential and commercial building to precast and post-tensioned concrete construction. All 50 US... |
Adbri reports 13% revenue rise in 202327 February 2024, Published under Cement NewsAdbri Ltd has reported revenue of AUD1922.9m (US$1259m) in 2023, up 13.1 per cent from the AUD1700.3m seen in the previous year. Statutory EBITDA advanced 5.2 per cent YoY from AUD282.6m in 2022 to AUD297.4m the following year, with underlying EBITDA coming in at AUD311m in 2023, up 30.9 per cent YoY. Statutory net profit after tax in 2023 stood at AUD92.9m, down 9.5 per cent from AUD102.6m in the previous year, while underlying net profit after tax was up 43.8 per cent YoY over the same p... |
Adbri reached cementitious materials supply agreement03 January 2024, Published under Cement NewsAdbri Ltd announces that its wholly owned subsidiary, Adelaide Brighton Cement Ltd, trading as Adbri Cement, has entered into an agreement with Independent Cement and Lime Pty Ltd (ICL) for the supply and distribution of cementitious materials. ICL is a 50:50 joint venture between Adbri and the Barro Group. The interim agreement will took effect on 1 January 2024 following expiry of the current arrangement and continues for two months, coinciding with the timing of the process and exclusivi... |
Adbri to operate world's first fully electric self-unloading vessel22 December 2023, Published under Cement NewsAdbri has entered into a 20-year strategic partnership with Canada Steam Ship Lines (CSL) to build and operate the world’s first fully electric battery-capable self-unloading vessel. The custom-designed ship will replace Adbri’s ‘Accolade II’ and will support the company’s limestone operations in South Australia with a focus on enhanced efficiency and environmental responsibility. The ship will carry up to 2.7Mta of limestone, which represents a 35 per cent increase over the existing vesse... |
Adbri's Kwinana project on track for 2Q2420 December 2023, Published under Cement NewsAustralian cement producer Adbri has provided an update on its Kwinana upgrade project, saying it is on track in terms of both cost and timings. According to the company, the Kwinana project will deliver a modern, state-of-the-art facility that consolidates Adbri’s two existing cement production sites, strengthening its position as a sustainable, low-cost cement supplier in Western Australia. The project is expected to be completed at a cost of around AUD385-420m (US$259-283m) with co... |
CRH proposal to acquire Adbri18 December 2023, Published under Cement NewsCRH has entered into an agreement to acquire Adbri Ltd . Under the proposal, CRH would partner with Australian family-owned business, Barro Group, which has an approximately 43 per cent share in Adbri. CRH currently has a 4.6 per cent interest in the company via a cash settled derivative and would acquire the remaining approximately 57 per cent of Adbri’s shares not owned by Barro with the intention to delist Adbri from the Australian Securities Exchange (ASX). CRH and Barro have submi... |
Adbri enters into bauxite supply agreement with ABx11 September 2023, Published under Cement NewsABx Group has entered into a five-year supply agreement with Adelaide Brighton Cement (ABCL), a subsidiary of Adbri , to provide cement-grade bauxite to ABCL’s Birkenhead cement plant in South Australia. The agreement includes the delivery of 90,000-120,000t of bauxite over a five-year period, with the potential for extension, from ABx’s DL130 project in northern Tasmania, reports The Market Herald. “This five-year agreement with ABCL for the supply of cement-grade bauxite from our ... |
Cockburn Cement awards contract to SIMPEC16 August 2023, Published under Cement NewsCockburn Cement , a subsidiary of Adbri , has awarded Australian construction firm SIMPEC with the contract for the expansion of its Kwinana cement plant. The contract is valued at AUD105m (US$68m) with the total value of the expansion project put at AUD420m, and includes two 100tph grinding units, a 110,000t raw materials store, and a reclamation system. “This new contract demonstrates the company's track record of delivering for its clients. We are very pleased to secure this work an... |
Adbri names new CFO04 July 2023, Published under Cement NewsAdbri Ltd has appointed Jared Gashel as its new chief financial officer, effective 5 July 2023. Mr Gashel has more than 20 years’ financial experience in multiple industries working across three continents. Prior to joining Adbri, he was acting chief financial officer at Boral Ltd between April 2022 and March 2023 and previously held the position of executive general manager group finance and property at Boral. Prior to his time at Boral, Mr Gashel held multiple senior finance execut... |