Cement News tagged under: Adelaide Brighton
Australia: calls for Adelaide Brighton Cement licence review07 July 2014, Published under Cement NewsAdelaide Brighton's Birkenhead cement plant is coming under pressure for tighter regulation on its environmental performance. Greens leader, Mark Parnell, says data provided by Adelaide Brighton to the National Pollutant Inventory shows big rises in emissions of oxides and dust. Mr Parnell said its emissions of sulphur dioxide alone have nearly trebled since 2009-10, according to a report on ABC News. This has prompted calls for the cement company to have its licence reviewed before it ex... |
AdBri forecasts flat demand and net profit22 May 2014, Published under Cement NewsAustralia-based producer, Adelaide Brighton, said it expects profit to be flat for this year and cement and clinker demand also to be similar to 2013. Chief executive, Martin Brydon, told shareholders at the company's annual general meeting in Adelaide that excluding certain items, both first half net profit and full year net profit in 2014 would be similar to those of 2013. "First half 2014 net profit after tax is expected to be similar to the same period in 2013, excluding a net restr... |
Adelaide Brighton flags potential profit hit14 March 2014, Published under Cement NewsAdelaide Brighton Ltd has cautioned that potential changes to a South Australian cement supply deal could result in a AUD15m profit hit. The company has warned one of its customers has proposed constructing facilities in Adelaide which would allow it to supply its own cement in the state. Adelaide Brighton says the customer now buys about 120,000t of cement in SA. If the company were to lose the volume from 1 January 2016 Adelaide Brighton expects its profit before tax in 2016 could ... |
Adelaide Brighton CEO to retire, Australia18 December 2013, Published under Cement NewsMark Chellew, managing director and CEO of Adelaide Brighton, is to retire following the company's AGM in May 2014 and be replaced by Martin Brydon, Adelaide Brighton’s current executive general manager Cement and Lime division. Chairman, Mr Les Hosking, paid tribute to Mr. Chellew, saying: "Over nearly 13 years in charge of Adelaide Brighton, Mark has been one of the most successful ASX listed company Chief Executives and generated significant value for our shareholders. “This is reflecte... |
Australia: Adelaide Brighton achieves higher profit22 August 2013, Published under Cement NewsWhile sales volumes for the full year to December at Adelaide Brighton are expected to be similar to 2012, the company is making headway on revenue earnings. It reported a 4.5 per cent increase in revenue to a record half-year result of AUD579.3m (US$520.7m) and a 2.9 per cent increase in underlying net profit after tax to AUD60.9m for the half year ended June. A a number of projects are expected to offset a continuing weak trend in residential and non-residential building demand, which wi... |
Adelaide Brighton posts modest rise in net profit, Australia22 February 2013, Published under Cement NewsAustralian building materials producer Adelaide Brighton has posted a 3.8 per cent rise in net profit as mining and resources projects in certain regions offset weakness in residential and commercial construction. In the 12 months to 31 December, the company recorded a net profit of AUD154.1m from AUD148.4m the year before, driven by mining and resource projects in South and Western Australia and the Northern Territory. A weak residential market in Victoria hit cement sales while depr... |
Adelaide Brighton signs agreements with Japanese suppliers04 December 2012, Published under Cement NewsAdelaide Brighton has entered into two clinker import supply agreements with Japanese suppliers. These agreements secure a significant part of this requirement from the Japanese suppliers, with terms of seven and 10 years. The contracts represent the continuation of existing strong relationships and a diversified supply base, while at the same time reducing exposure to fluctuations in the exchange rate. Adelaide Brighton's imports of cementitious products, including grey and white clinker... |
Adelaide Brighton full year earnings on track, Australia04 October 2012, Published under Cement NewsAdelaide Brighton has confirmed it is on track to meet its 2011-12 earnings guidance, underpinned by its exposure to the resource and infrastructure sectors. Speaking to the Australian Financial Review, Adelaide Brighton managing director Mark Chellew said the group’s 2012 financial year net profit guidance was between A145m-155m. Although the group has been hit by a slowdown in the residential sector, it has reviewed its resources-based cement exposure and was not expecting any fall in ce... |
Australia: market uncertainties ahead03 September 2012, Published under Cement NewsChallenging market conditions persist for Australia's cement sector due to weak residential and commercial activity combined with the potential impact of a new carbon tax which became effective last month. Last year saw a decline in housing starts as rising interest rates coincided with the end of stimulus packages. In November 2011, the Reserve Bank cut interest rates by 25bp to spur the market into recovery although it was unable to stop further declines in financing approvals. Latest da... |
Australia: construction downturn has cement maker reduce profit expectations20 August 2012, Published under Cement NewsAdBri reduced its market expectations at its full-year results presentation on Thursday, after worse than expected construction activity in the residential and non-residential sectors. Poor building conditions are driving a steady stream of companies in the construction sector to the wall. The trend is alarming industry groups and causing major companies such as cement maker Adelaide Brighton (AdBri) to lower their profit expectations. AdBri managing director Mark Chellew said building ... |