Cement News tagged under: Australia
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 ... |
Boral bids for 24h mill at Geelong28 July 2017, Published under Cement NewsAustralian cement producer Boral has applied to the Australian Environmental Protection Authority to run a 24h grinding mill in Geelong’s north. The new facility at the proposed North Shore site will have a capacity of 1.3Mta. “(The new site) is directly adjacent to the wharf complex, which would allow efficient unloading of clinker from ships,” a Boral spokesman said when the company first raised the concept late last year. “Importantly, the site is also surrounded by other large in... |
CEFC finance helps ResourceCo turn waste into fuel22 May 2017, Published under Cement NewsThe Clean Energy Finance Corporation (CEFC), Australia, is lending AUD30m to ResourceCo to build two new plants that will transform selected non-recyclable waste streams into Processed Engineered Fuel (PEF). This solid fuel will initially be used locally but will also be exported as an alternative to coal and gas for cement kilns in Asia. The first plant is to be built at Wetherill Park in Sydney, New South Wales (NSW), and the second in another Australian state yet to be announced. ... |
Vietnam April exports up 6.7%19 May 2017, Published under Cement NewsVietnam exported more than 1.9Mt of cement and clinker, reflecting an export value of US$67.4m, according to the country’s Customs Department. This represents a YoY increase of 6.7 and 7.6 per cent, respectively. In the first four months of the year, the country exported 6.7Mt of cement and clinker, up 12.8 per cent YoY. In terms of value a 7.9 per cent rise to US$235m was reported. Bangladesh and the Philippines were the largest importers, accounting for 37 and 32 per cent, respectively o... |
Boral receives final approval for Headwaters acquisition05 May 2017, Published under Cement NewsAustralian building materials supplier Boral has received final US approval for its US$2.6bn (AUD3.5bn) acquisition of US firm Headwaters Inc. The US Federal Trade Commission approved the deal, which will result in Headwaters merging with Boral's existing US business to create a new division called Boral North America. Boral expects that the transaction will close within two business days, and the Headwaters financial results will be consolidated from this time. Commenting on the deal, ... |
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... |
Adelaide Brighton appoints Zlatko Todorcevski as non-executive director23 March 2017, Published under Cement NewsAustralia’s Adelaide Brighton has appointed Zlatko Todorcevski as non-executive director with effect from 22 March 2017. Mr Todorcevski is President of the Group of 100, the peak body for Australia's Chief Financial Officers from the nation's major private and public business enterprises. He is also Chairman of the Accounting and Auditing Standing Committee of the Australian Securities and Investments Commission. Adelaide Brighton's Chairman, Les Hosking, said he was pleased the Compan... |
Semen Indonesia27 February 2017, Published under Cement NewsFollowing the revocation of its environmental permit for its new Rembang cement plant in January, Semen Indonesia’s President, Rizkan Chandra, is reportedly confident that the permit will now be signed following the company’s compliance with all outstanding matters. The company was asked to revise its addendum on environmental impact analysis, environmental monitoring plan and environmental management plan. With all requirements now met, Mr Chandra has said that failure to secure a signat... |