Cement News tagged under: Australia
Adbri sees 4% decline in revenue for 202023 February 2021, Published under Cement NewsAustralia-based Adbri Ltd has announced a 4.1 per cent decrease in revenue to AUD1454.2m (US$1.15bn) in 2020, compared to AUD1517m in the previous year. The result has been attributed to the impact of lower residential activity on cement and concrete volumes. However, reported net profit after tax advanced 98.1 per cent YoY to AUD93.7m from AUD47.3m. "In the context of the challenging operating environment, the financial outcomes we delivered for FY20 are better than we had expected and ... |
AdBri given approval for AUD199m project17 December 2020, Published under Cement NewsAustralia’s Adbri Ltd has been given board approval for an AUD199m (US$151.7m) project that will consolidate two existing cement production sites into a single operation serving the western Australia market and increase production capacity to 1.5Mta from 1.1Mta. AdBri’s Cockburn Cement business has existing production capabilities to service this market at both Kwinana and Munster, located south of Perth. Clinker is currently transported by truck from its Kwinana bulk terminal (KBT) to ceme... |
PT Semen Padang exports 25,000t to Australia08 October 2020, Published under Cement NewsPT Semen Padang exported 25,000t of cement to Australia. The cargo of OPC Type I Grade 52.5N cement was shipped in MV Luga from Teluk Bayur Padang Port on West Sumatra, according to Fifit Abriyanto, senior export sales manager for Semen Indonesia Group. In addition, the company also exported around 35,000t of clinker to Bangladesh in September, reported Bisnis. To support the optimisation of its plant operations, PT Semen Padang is targeting cement and clinker export sales of 1.58Mt in 2... |
Adbri orders new Mondi 'Rain Barrier' bags02 October 2020, Published under Cement NewsMondi's Rain Barrier bag Mondi has partnered with Adelaide Brighton Cement (Adbri) and Pope Packaging to develop a new water-resistant paper bag called 'Rain Barrier', made out of Mondi’s Advantage Protect white sack kraft paper, for the Australian construction market. The paper itself is rain resistant for up to six hours and can resist water ingress for up to five days when stored in damp conditions. The Rain Barrier bag keeps water from seeping in, as it stays on the surface... |
BHP grants Adbri cement and lime contract extension15 September 2020, Published under Cement NewsBHP has awarded Adbri a four-year contract extension at the Olympic Dam mine in South Australia. The US$160m contract involves the supply of cement and lime to Olympic Dam, which holds major copper, gold, silver and uranium deposits. The extension will run through to mid-2026 and represents a 20-year supply relationship between Adbri and BHP. Adbri CEO, Nick Miller, thanked BHP for continuing to choose local materials over imported alternatives. “We are pleased to extend our long-term re... |
Wagners reports steep drop in profits for 202031 August 2020, Published under Cement NewsWagners, the Australian construction materials business, reported a lower after-tax pro-forma profit of AUD3.92m (US$2.9m) for its 2020 annual results, down from the AUD13.7m in the prior year. Company CEO, Cameron Coleman, said the cement pricing dispute with competitor Boral, now resolved, and the loss of major infrastructure projects negatively impacted the company over the past 12 months. “The key message that I’m trying to communicate to investors is (the result was because of) redu... |
FLSmidth appoints regional presidents for Australia and South America31 August 2020, Published under Cement NewsTamer Eid has been named by FLSmidth as the company's new president for the Australia region, effective 14 September 2020. Over his career, Mr Eid has held various senior executive and technical roles in the mining and oil and gas sectors. He has also led international service businesses that directly supported the production assets of the world’s leading mining and oil and gas companies. Along with his MBA and Mechanical Engineering degree, he brings with him extensive experience within th... |
Adelaide Brighton returns to profit in the 1H2026 August 2020, Published under Cement NewsAustralia’s Adelaide Brighton has posted a net profit after tax of AUD29.1m (US$20.95m) in the first half of 2020, compared with a net loss of AUD17.9m in the year-ago period. The company’s revenue declined seven per cent YoY to AUD700.7m. The company has reported that COVID-19 left operations largely uninterrupted, while the mining sector and the company’s increased exposure to the infrastructure market supported sales. However, overall cement sales decreased six per cent, although vol... |
Alcoa will not renew lime supply contract from AdBri subsidiary06 July 2020, Published under Cement NewsAdelaide Brighton’s subsidiary, Cockburn Cement has been advised by Alcoa that it will not renew its lime supply contract, which is due to expire on 30 June 2021. The contract generates around AUD70m (US$48.57m) in annual revenue for the group, according to the Financial Review. "We are disappointed with Alcoa’s decision to displace locally manufactured product with imports from multiple sources, particularly considering our almost 50-year uninterrupted supply relationship," said Nick Mill... |
Boral appoints new CEO/MD15 June 2020, Published under Cement NewsAustralia-based Boral Ltd has appointed Zlatko Todorcevski as its new CEO and managing director, effective 1 July 2020. He succeeds Mike Kane, who will retire from Boral in September 2020. Mr Todorcevski has 30 years of experience in Australia and internationally in steel building products, oil and gas, and logistics, working in finance, business planning and strategy roles, including as chief financial officer of Brambles Ltd from 2012 to 2016 and Oil Search from 2009 to 2012. This foll... |