Cement News tagged under: Australia
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... |
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... |