Cement News tagged under: Australia
Adelaide Brighton predicts 2015 sales gain28 May 2015, Published under Cement NewsAustralian construction materials group Adelaide Brighton says cement and clinker product sales volumes should be "similar to or greater than" levels in the prior year. Lime sales, which declined 7.7 per cent in 2014 after a downturn in the gold sector, were also anticipated to be similar or slightly higher than last year. The group told shareholders at today's annual general meeting that after last year's acquisitions, Adelaide Brighton was expecting to book around $4.4m worth of syn... |
Australia: Boral set for building price boost12 March 2015, Published under Cement NewsPrice increases for building materials products suggest Boral Ltd shares could go higher, says Deutsche Bank. Dow Jones reports that the broker notes suppliers of construction materials such as cement are targeting price increases of 8-20 per cent from April. "While price increases were relatively unsuccessful in 2014, we believe there is a greater likelihood of success this year given demand conditions are more robust, and industry discipline appears to have improved (particularly in Que... |
Adelaide Brighton reports record net profit27 February 2015, Published under Cement NewsAdelaide Brighton reported record sales and net profit after tax of AUD1337.8m and AUD172.7m, respectively, for the year ended 31 December 2014. Revenue increased 8.9 per cent and net profit by 14.3 per cent YoY. Adjusting for a number of one-off items, underlying net profit after tax of AUD166.5m was 8.5 per cent higher than 2013. EBIT increased 11.1 per cent to a record AUD247.5m on an EBIT margin of 18.5 per cent. Earnings were aided by net significant items of AUD2.3m. Excluding the... |
AdBri secures Western Australia supply agreement16 February 2015, Published under Cement NewsAdelaide Brighton has secured an ongoing supply agreement with a cement customer in Western Australia for a term of three years until 31 December 2017, the company announced in a statement today. Adelaide Brighton currently supplies approximately 50 per cent of the customer’s requirements in Western Australia under the current agreement which expired at the end of last year. Martin Brydon, CEO of Adelaide Brighton said: “We are delighted to have secured the continued supply of cement to t... |
Australia: Boral swings to profit11 February 2015, Published under Cement NewsBoral Ltd today reported a 23 per cent increase in profit after tax (before significant items) to $112m in the six months to the end of December 2014. After significant items, net profit was $104.5m, compared to a loss of $26.3m in the first half of the 2014 financial year. But turnover for the six months to the end of December declined by 20.5 per cent to AUD22285m (€1561m), largely reflecting the transfer of the plasterboard business to joint venture status. EBITDA was off by 5.5 per ce... |
Adelaide Brighton confirms contract renewal09 December 2014, Published under Cement NewsAdelaide Brighton announced that it has extended a supply agreement to a major cement customer in South Australia. The current agreement which expires at the end of December 2014, has been extended on similar terms until theend of December 2015. Chief Executive Officer, Martin Brydon, said: “This is a positive outcome for Adelaide Brighton and we are pleased to have secured ongoing supply to this major South Australian customer.” |
Pacific Cement looks to extend export reach01 December 2014, Published under Cement NewsPacific Cement Ltd is looking to new export markets in Australasia having been recognised for its efforts at the 2014 Westpac Prime Minister's Exporter of the Year Awards. The company, which operates a 0.215Mta grinding unit on the Pacific island of Fiji, received a 'Recognition Award' for the first time at the ceremony hosted by Investment Fiji and sponsored by the Westpac Banking Corporation. Commenting on the award, general manager Sonni Dutt said: "We have been trying to achieve an ... |
Terra Cement signs joint venture agreement with Ore Mines International07 November 2014, Published under Cement NewsTerra Cement Inc has signed joint venture agreement with Ore Mines International Pty Ltd in South Australia (OMI) to form a new company, under the name of Terra Cement Australia Pty Ltd (TCA). TCA will engage in the marketing of Terra’s proprietary process (patent pending) for producing sustainable cement using ash in Australia, New Zealand and Papua New Guinea. The joint venture will begin operating by the end of the year. TCA will convert existing cement plants and mixing facilities to pr... |
Boral's cement shipments rise by three per cent28 August 2014, Published under Cement NewsBoral's turnover in its financial year to the end of June 2014 eased by 1.6 per cent to AUD5204m (EUR3646m), but the EBITDA improved by 3.9 per cent to AUD556m (EUR390m). The trading profit advanced by 28.9 per cent to AUD294m (EUR206m) and after a net interest charge 14.4 per cent lower at AUD83m (EUR58m) the pre-tax profit rose by 62.7 per cent to AUD211m (EUR148m). The net attributable profit went from an AUD212m (EUR149m) loss to a profit of AUD173m (EUR121m) profit. Net debt at t... |
AdBri 1H net profit falls, revenue edges ahead28 August 2014, Published under Cement NewsAdelaide Brighton reported a 3.9 per cent rise in first-half revenue to AUD602m, as improved pricing and increased cement from the residential sector on the eastern seaboard offset a decline in project volumes in South Australia and a reduction in lime sales volumes. The company reported a net profit for the half year ended 30 June 2014 of AUD51.2m, down 15.9 per cent compared to the same period of last year. Adjusting for significant items, underlying net profit of AUD61.2m was 2.9 per... |