Cement News tagged under: Australia
Semen Indonesia to invest US$2.2bn over next five years16 May 2016, Published under Cement NewsSemen Indonesia President Director, Rizkan Chandra, has announced that his company is to invest IDR30tn (US$2.2bn) over the next five years. The funding will be split between existing operations, entry into new markets and downstream acquisitions. According to reports on Deal Street Asia, Semen Indonesia is looking to acquire majority interests in ready-mix and precast businesses. The firm is also planning to expand further afield and is considering its options in four countries, includin... |
Australian cement companies fined AUD18.62m29 April 2016, Published under Cement NewsAfter the Australian Competition and Consumer Commission (ACCC) brought the proceedings against four Australian cement manufacturers in 2008, the Federal Court has finally ordered the four cement companies pay more than AUD18m (US$13.73m) in penalties for anti-competitive conduct. Cement Australia Pty Ltd, Cement Australia Queensland Pty Ltd, Pozzolanic Enterprises Pty Ltd, and Pozzolanic Industries Pty Ltd entered into the contracts between 2002 and 2006, and operated in breach of the the... |
LafargeHolcim’s US$3bn spin-off in the making?30 March 2016, Published under Cement NewsLafargeHolcim is reported to have chosen Citi and JP Morgan to explore the sale of its US$3bn Australasian operations, according to the Business Spectator. The news follows Dataroom’s disclosure that the company had been considering a potential spin-off of its Australian and New Zealand assets. The move would help to pay for the US$50bn global merger of Lafarge and Holcim in 2014. Both Citi and JPMorgan are understood to be among the banks funding that transaction at the time, and whil... |
FCT named in the top 100 South Australian companies09 December 2015, Published under Cement NewsFCT has announced that it has been named by Australian InDaily SA Business Index in the top 100 South Australian companies. “With their bursts of hot, red flames pumping out at the edge of cricket grounds to the sound of fast and loud music, FCT International has become a regular contributor to the atmosphere at major sporting events," according to the Business Index. The company is now a world leader in combustion engineering and currently consists of three businesses: FCT Combu... |
LH says its Australian and New Zealand operations are not up for sale30 November 2015, Published under Cement NewsLafargeHolcim said its Australian and New Zealand operations are not currently on the sale block, according to Bloomberg reports following press speculation at the end of last week. Media reports on Friday suggested that the world's largest cement producer was considering exiting the region with the disposal of its operations in Australia and New Zealand for a potential amount of AUD3bn (CHF2.2bn) However, Bloomberg this morning reported that LafargeHolcim has said that the operations ... |
Moody's upgrades Boral's long-term rating to Baa2; outlook stable06 November 2015, Published under Cement NewsMoody's Investors Service has upgraded Boral Limited's issuer rating and senior unsecured rating to Baa2 from Baa3. The outlook on this rating changed to stable from positive. At the same time, Moody's has upgraded the commercial paper of Boral Limited, Boral Industries, Inc., Boral International Holdings, Inc. to P-2 from P-3 and upgraded the other short term rating of Boral Ltd to P-2 from P-3. Moody's also upgraded the senior unsecured MTN rating of Boral Limited to (P)Baa2 from (P)Baa3... |
Karen Moses to join the Board of Boral Ltd05 November 2015, Published under Cement NewsDr Brian Clark, chairman elect of Boral, yesterday announced that Karen Moses has been appointed as a non-executive Director of Boral Limited, effective 1 March 2016. Ms Moses, who is currently Executive Director, Finance & Strategy, at Origin Energy, is expecting to retire from Origin after February 2016. She joined the Board of Origin Energy as an executive Director in 2009 and did not seek re-election to Origin’s Board at the AGM on 21 October 2015. With over 30 years’ experience in ... |
Boral's pre-tax profit rises by 38.9%28 August 2015, Published under Cement NewsBoral's turnover in its financial year to the end of June 2015 declined by 15.2 per cent to AUD4415m (EUR2893m) but the EBITDA improved by 8.8 per cent to AUD605m (EUR396m). The trading profit advanced by 21.4 per cent to AUD357m (EUR234m) and after a net interest charge 22.9 per cent lower at AUD64m (EUR42m) the pre-tax profit rose by 38.9 per cent to AUD293m (EUR192m). The net attributable profit increased by 48.6 per cent to AUD257m (EUR168m). Net debt at the end of June was increased ... |
AdBri sees strong rise in half-year profit21 August 2015, Published under Cement NewsAdelaide Brighton Ltd reported net profit after tax for the half year ended 30 June 2015 of AUD82.6m, an increase of 61.3 per cent compared to the previous corresponding period. Adjusted fo significant items, the underlying advance was 5.6 per cent to AUD83m. Property transactions contributed AUD12m to net profit. Revenue of AUD678.1m was 12.6 per cent higher YoY supported by higher cement and lime volumes, improved prices, property revenue and the contribution from acquisitions complete... |
AllScan PGNA analyser selected for Emami Cement greenfield project, India18 August 2015, Published under Cement NewsFLSmidth India has placed an order with Realtime Instruments (RTI), Australia for delivery of an AllScan PGNA Analyser for FLSmidth’s contract to supply of a QCX lab automation and quality control system to Emami Cement Ltd, India. The site for this greenfield project is located near the city of Raipur in India. Delivery of the analyser for a stockpile application is scheduled for October 2015 with expected commissioning in the first half of 2016. In just three years after market introduct... |