Cement News tagged under: Australia
HeidelbergCement02 February 2018, Published under Cement NewsHanson Holdings Australia, a wholly-owned subsidiary of HeidelbergCement, has acquired Alex Fraser Group from Swire Investments for around EUR135m. Alex Fraser is a leading producer of recycled building materials with three production units in Melbourne and two in Brisbane as well as two asphalt plants in Melbourne. Including synegy benefits, estimated at around EUR3m, Alex Fraser expects an EBITDA of some GBP20m in 2018. |
Wagners' share price rises 25% on first day11 December 2017, Published under Cement NewsWagners had a successful opening day on the Australian Securities Exchange with shares rising by 25 per cent, according to SBS News. The new listing now has a market value of AUD549m (US$412m). Wagners is the largest independent cement manufacturer and supplier in southeast Queensland, with approximately one third of the market. The company has 450 domestic and international customers. |
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... |
Boral to set up new clinker grinding facility23 October 2017, Published under Cement NewsAn application for a new clinker grinding facility at North Shore, Geelong, in Australia's state of Victoria, has been approved by the Environmental Protection Agency (EPA). Boral Cement made an application for the 24h facility in July, which will have an output of 1.3Mta of cement. Boral’s application said clinker would be unloaded from ships and delivered to the site via covered belt conveyors from Lascelles Wharf. Following processing, finished product would be transported to Victoria v... |
Cement Australia to pay an extra US$16.1m over fly ash competition case05 October 2017, Published under Cement NewsThe Australian Competition and Consumer Commission (ACCC) has failed to win a substantial increase in the penalty awarded against Cement Australia for breaching the competition rules over the purchase of fly ash in Queensland. However, the competition regulator did win a technical argument over who is liable for payment of the fine in the case of jointly-owned companies. Cement Australia is owned by global giants Hanson and Holcim and the case centred on contracts to buy fly-ash from th... |
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... |
Boral sees benefits flowing from US Headwaters acquisition31 August 2017, Published under Cement NewsBoral's turnover in its financial year to the end of June 2017 edged up by 1.8 per cent to AUD4388m (EUR2919m/US$3466m) and EBITDA improved by 11.6 per cent to AUD720m (EUR479m). The trading profit advanced by 15.6 per cent to AUD460m (EUR306m) and after a net interest charge some 20 per cent lower at AUD51m (EUR34m) the pretax profit rose by 22.1 per cent to AUD409m (EUR272m). The net attributable profit advanced by 16 per cent to AUD297m (EUR197m). Net debt at the end of June was 261 pe... |
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 fights residential encroachment11 August 2017, Published under Cement NewsAdelaide Brigton has voiced concerns that it could be forced to leave the Port of Adelaide if residential encroachment in the area is not abated. The Australian cement producer informed the State Government the potential prospect at a state Environment, Resources and Development Committee (ERDC) meeting last week. The ERDC had recommended reducing a separation boundary to a residential development from 800m to 400m from the company’s southern stockpiles of cement – meaning new homes ... |