Cement News tagged under: Australia
Adbri shareholders agree to CRH takeover13 June 2024, Published under Cement NewsShareholders in Australia-based Adbri have given the green light to the takeover bid by Ireland’s CRH . According to The Australian, almost 98 per cent of the votes cast at a meeting held this week at Adbri were in favour of CRH’s acquisition of 57 per cent of Adbri shares. CRH first made a bid for the shares in December 2023, offering AUD3.20(US$2.13)/share, valuing the company at around AUD2.1bn (US$1.4bn). As part of the deal, Barro Group will retain its 43 per cent share of Adbri. ... |
Adbri releases EvoCem Type GL cement31 May 2024, Published under Cement NewsAdbri is proud to be Australia’s first manufacturer of lower-carbon general purpose limestone Type GL cement, a proven international cement technology. Adbri EvoCem Type GL cement is produced locally in Southern Australia, New South Wales, Western Australia and Northern Territory, and has been tried and tested with over 500,000m³ of concrete placed using EvoCem in projects ranging from residential and commercial building to precast and post-tensioned concrete construction. All 50 US... |
Adbri is granted US$32.5m for upgrade at Birkenhead plant26 April 2024, Published under Cement NewsThe Adelaide-based cement manufacturer, Adbri , has been granted US$32.5m by the Australian federal government. The grant will finance a new front-end engineering and design (FEED) study at the company’s Birkenhead cement plant. The aim of the study is to assess the possible addition of a new vertical roller mill and post-production blending system math the site. The proposed upgrade is expected to diversify the plant’s portfolio of low-carbon cements. The funding comes under th... |
Cement Australia to receive AUD52.9m in government funding25 April 2024, Published under Cement NewsCement Australia ’s kiln facility in Railton, Tasmania, is due to receive AUD52.9m (US$34.4m) in funding from the country’s federal government. The kiln upgrade will allow the Railton plant to begin using biomass instead of coal, when it produces clinker and cement, as part of a federal initiative to help reduce companies’ carbon emissions. Once operational, the kiln upgrade in Railton will generate 10 new permanent jobs and as many as 230 temporary positions, according to Australia... |
Boral to acquire Booyal Quarries08 April 2024, Published under Cement NewsBoral Ltd has agreed to acquire Booyal Quarries in the Wide Bay region in Queensland, Australia. The strategic acquisition will secure the supply of quarry materials to Boral customers and the company's integrated operations in Wide Bay. The Wide Bay region is a high-growth market underpinned by various large-scale infrastructure projects. "Booyal Quarries’ is a high-quality business with significant approved quarry reserves" claims Boral. It will secure a 20-year supply to Boral's integr... |
Boral rejects Seven Group offer20 March 2024, Published under Cement NewsBoral Ltd has rejected an offer from Seven Group Holdings (SGH) saying it is “not fair and not reasonable.” Independent expert firm Grant Samuel & Associates assessed the fair market value of Boral shares to be in the range of AUD6.50-7.13/share, concluding that the offer from SGH of AUD5.96-6.19/share was below this range. SGH currently holds a 72 per cent stake in Boral. The offer, which totalled AUD 1.9bn (US$1.25bn) was for the remaining shares in the company. Commenting on the of... |
Haver & Boecker and IBAU Hamburg upgrade Kwinana facility20 March 2024, Published under Cement NewsCockburn Cement’s Kwinana facility has a new order with Haver & Boecker OHG and IBAU Hamburg of Germany. The upgrade will consolidate Cockburn Cement ’s Kwinana and Munster grinding operations into a single state-of-the-art, 1.5Mta purpose-built facility in Kwinana . Haver & Boecker’s bulk handling technology provider IBAU HAMBURG have been awarded the design, engineering and part of the procurement and supply contract of a wealth of key infrastructure upgrades. These upgrades includ... |
Alumtek Minerals delivers breakthrough in SCM production19 March 2024, Published under Cement NewsAlumtek Minerals (AM) has recently completed research and development on bauxite residue waste, commonly known as ‘red mud’. Most notably, AM has developed a supplementary cementitious material (SCM) meeting the stringent Australian Standard AS3582.4. The company is now actively seeking joint venture partners to propel this innovative solution to the next level, demonstrating its commitment to driving sustainable practices within the cement industry. Red mud is an alkaline by-product of t... |
Fremantle Port inflates new clinker dome15 March 2024, Published under Cement NewsFremantle Ports has inflated a 40m-high cement clinker dome at its Kwinana Bulk Terminal in the Outer Harbour, marking the first time such a structure has been installed in Western Australia. Taking 24 hours to inflate, the giant white dome is the second of its type in Australia and is integral to Fremantle Ports’ new import circuit facility which will streamline the importation of clinker. The new clinker circuit project consists of the dome plus a covered conveyor network which will l... |
Adbri reports 13% revenue rise in 202327 February 2024, Published under Cement NewsAdbri Ltd has reported revenue of AUD1922.9m (US$1259m) in 2023, up 13.1 per cent from the AUD1700.3m seen in the previous year. Statutory EBITDA advanced 5.2 per cent YoY from AUD282.6m in 2022 to AUD297.4m the following year, with underlying EBITDA coming in at AUD311m in 2023, up 30.9 per cent YoY. Statutory net profit after tax in 2023 stood at AUD92.9m, down 9.5 per cent from AUD102.6m in the previous year, while underlying net profit after tax was up 43.8 per cent YoY over the same p... |