Cement News tagged under: Adelaide Brighton
Adelaide Brighton announces new CEO19 October 2018, Published under Cement NewsAustralia’s Adelaide Brighton has announced that Nick Miller will become the company’s new CEO after Martin Brydon leaves the company next year. Mr Miller is the CEO of Broadspectrum, an infrastructure and maintenance service group, and was the managing director of civil construction company Fulton Hogan between 2010-17. Mr Miller is expected to take up the position no later than 17 April 2019, according to Zlatko Todorcevski, chairman of Adelaide Brighton. |
Adelaide Brighton records net profit increase in 1H1822 August 2018, Published under Cement NewsAustralia's Adelaide Brighton has posted a 17.7 per cent YoY increase in net profit to AUD84.5m (US$62m) in the 1H18. Revenue saw a rise of 11.7 per cent to AUD807.2m, on the back of strong markets in New South Wales, Queensland and Victoria. "It's really pleasing to deliver record half-year financial results and dividends for our shareholders. Revenue, EBIT, net profit, cash flow and dividends were all first-half records," said Martin Brydon, CEO, Adelaide Brighton. The company expect... |
Martin Brydon to step down as CEO of Adelaide Brighton21 May 2018, Published under Cement NewsMartin Brydon, CEO of Adelaide Brighton, has announced plans to retire later this year after four years in the position. Mr Brydon will stay with the company until a new chief executive is found, according to a statement made to the ASX. "It’s time and I’m very comfortable with my decision to move to retirement phase, which will be over a period of time – could be six months depending on how the search goes," said Mr Brydon. The formal search process to fill the position will begin immed... |
Adelaide Brighton announces results for 201705 March 2018, Published under Cement NewsAdelaide Brighton has announced its results for the full-year period, ended 31 December 2017. The company saw a 2.3 per cent YoY fall in net profit to AUD182m (US$141m), but revenue increased 11.7 per cent to finish at AUD1.56bn. The company received AUD17.7m of impairments, significantly higher than the anticipated AUD14m. As a result, the manufacturer has hired forensic accountants to examine whether an employee may have deliberately hidden customer underpayments for supplies over a sus... |
Adelaide Brighton reports equipment issues14 February 2018, Published under Cement NewsAdelaide Brighton Cement has reported issues with manufacturing equipment at its Birkenhead plant. Large plumes of dust were spotted leaving the chimney of the facility last Sunday, according to Westside Weekly. "I could see the plume rising into the air and spreading over residential areas from 10km away," said Tony Bazeley, member of the Port Adelaide Residents Environment Protection Group. As a result, the company alerted the Environment Protection Agency (EPA). A spokeswoman for t... |
Adelaide Brighton awards power contract to Infigen28 November 2017, Published under Cement NewsAustralia’s Adelaide Brighton has awarded Infigen Energy’s Lake Bonney wind farm the contract to supply power to two cement plants north of Adelaide and a quarry on Yorke Peninsula. The deal is understood to extend over five years and involve a larger volume of power than the 88GWh transaction signed last week with Pacific Hydro by 14 firms, cities and municipal agency, reports the Australian Financial Review. The Adelaide Brighton deal will involve supply from Infigen's existing port... |
Adelaide Brighton investigates AUD$14m underpayments to customers14 November 2017, Published under Cement NewsAdelaide Brighton announced on Monday that "it has identified certain financial discrepancies which relate to transactions under which a small number of customers may have underpaid for product supplied to them." The company is investigating the matter fully, including the possible involvement of an employee of the company, with the assistance of forensic accountants KPMG. Adelaide Brighton believes there may have been deliberately hidden underpayments by customers over a sustained period... |
Birkenhead residents call for stricter environmental licence for Adelaide Brighton28 September 2017, Published under Cement NewsAustralia's Environmental Protection Authority (EPA) is reviewing Adelaide Brighton Cement’s current licence, which expires at the end of October. Port Adelaide Residents’ Environment Protection Group wants stricter controls on dust and noise levels coming from the plant. A local environment group ius also advocating that Adelaide Brighton Cement should help pay for cleaning dust from property within 800m of its Birkenhead factory. The environmental group's president, Tony... |
Adelaide Brighton eyes additional assets21 August 2017, Published under Cement NewsAustralia's surging property market and healthy infrastructure projections is encouraging Adelaide Brighton to look out for further acquisitions. "From a demand point of view on the east coast, it’s hard to be pessimistic. The only way to put it is it’s very strong," Adelaide Brighton chief executive, Martin Brydon, told The Australian. The Melbourne residential market has also shown strong if unexpected demand. "It’s actually stronger than what we thought it would be even six months ago,... |
Adelaide Brighton investigating contaminated cement24 April 2017, Published under Cement NewsAdelaide Brighton Cement said it is investigating the use of contaminated cement in several major construction projects around Adelaide following an issue with the manufacture of its "bulk cement during a four-day period between April 7 and 10" at its Birkenhead plant, ABC reports. The cement was distributed by several companies, including Boral. "As soon as Boral was alerted, an immediate review was undertaken, with a number of strategies implemented to minimise the effect of the Adelaide... |