Cement News tagged under: Australia
Cement Australia signs haulage agreement with Pacific National11 October 2023, Published under Cement NewsCement Australia has signed a three-year rail haulage agreement with Pacific National for the movement of cementitious materials across Australia. Pacific National will transport cement, sand, fly ash, slag and lime between Australia’s major cities and throughout North Queensland, on behalf of Cement Australia, using interstate and inter-city transportation. Compared to road transportation, rail haulage is more fuel efficient, therefore offering a transport system with lower emissions. A... |
Flender opens new facility in Sydney, Australia12 September 2023, Published under Cement NewsGerman drive specialist Flender has expanded its operations with a new facility in Sydney, Australia. The move is designed to tap into Australia’s role in the global ramp-up of renewable energies, according to the company. With its Winergy brand for wind turbine drives, and industrial drive portfolio serving the mining and cement industries, Flender aims to scale up its presence in the country, putting it closer to its customer base. “For both our wind and industrial business we see enor... |
Adbri enters into bauxite supply agreement with ABx11 September 2023, Published under Cement NewsABx Group has entered into a five-year supply agreement with Adelaide Brighton Cement (ABCL), a subsidiary of Adbri , to provide cement-grade bauxite to ABCL’s Birkenhead cement plant in South Australia. The agreement includes the delivery of 90,000-120,000t of bauxite over a five-year period, with the potential for extension, from ABx’s DL130 project in northern Tasmania, reports The Market Herald. “This five-year agreement with ABCL for the supply of cement-grade bauxite from our ... |
James Hardie sees sales slip 5% in 1QFY23-2418 August 2023, Published under Cement NewsJames Hardie has posted global net sales of US$954.3m in the first quarter of FY23-24 (ended 30 June 2023), down five per cent from the US$1000.9m seen in the same period a year earlier. Adjusted EBITDA advanced 12 per cent YoY from US$248.9m in the 1QFY22-23 to US$279.1m in the same period a year later, while the adjusted EBITDA margin improved from 24.9 per cent to 29.2 per cent over the same timeframe. The North America fibre cement business saw net sales of US$694.8m in the 1QFY23-... |
Fletcher Building posts EBIT growth of 6% in FY2317 August 2023, Published under Cement NewsFletcher Building’s FY23 financial result continued to build on the progress made in both EBIT levels and EBIT margins over the last several years. “Despite softer residential markets in New Zealand and Australia, and the major New Zealand weather events in the second half, group EBIT before significant items grew by six per cent in FY23 to NZD798m [US$475.7m]," said Fletcher Building Chief Executive Ross Taylor. "Group EBIT margin of 9.4 per cent in FY23 lifted from 8.9 per cent in FY22,... |
Australia considers carbon tariffs on imported cement and steel16 August 2023, Published under Cement NewsThe Australian government is considering the introduction of carbon tariffs on cement and steel imports from countries with lower climate goals. According to The Guardian, Australia’s climate change and energy minister, Chris Bowen, has confirmed that two rounds of consultation will now be held to discuss whether Australia should adopt a cross-border adjustment mechanism (CBAM), similar to the EU. “We know of the potential for production to shift from countries with more ambitious emission... |
Cockburn Cement awards contract to SIMPEC16 August 2023, Published under Cement NewsCockburn Cement , a subsidiary of Adbri , has awarded Australian construction firm SIMPEC with the contract for the expansion of its Kwinana cement plant. The contract is valued at AUD105m (US$68m) with the total value of the expansion project put at AUD420m, and includes two 100tph grinding units, a 110,000t raw materials store, and a reclamation system. “This new contract demonstrates the company's track record of delivering for its clients. We are very pleased to secure this work an... |
Boral reports 17% YoY jump in revenue in FY2314 August 2023, Published under Cement NewsAustralia-based Boral has reported a 17 per cent YoY increase in revenue to AUD3460.6m (US$2267m) in the fiscal year ended 30 June 2023 (FY23). EBITDA over the same period advanced 38 per cent to AUD454.4m, while the EBITDA margin improved 196bps to 13.1 per cent. Boral’s underlying net profit after tax came in at AUD142.7m, up 304.2 per cent YoY, with adjusted earnings per share of 12.9c, a YoY increase of 303.1 per cent. According to the company, the growth in revenue was driven by... |
thyssenKrupp Polysius carry out kiln modernisation for Australian client24 July 2023, Published under Cement NewsIn July 2023 thyssenKrupp Polysius’ Service Team in Asia-Pacific successfully completed the modernisation of a cement kiln for a client in Australia. The scope included the installation and commissioning of the kiln inlet with housing, orifice, kiln inlet shell and kiln sealing arrangement. The goal of this project is to increase the usage of alternative fuel (tyre chips and plastic from municipal waste) in the calciner, and ensure a stable and efficient kiln operation with an output o... |
Adbri names new CFO04 July 2023, Published under Cement NewsAdbri Ltd has appointed Jared Gashel as its new chief financial officer, effective 5 July 2023. Mr Gashel has more than 20 years’ financial experience in multiple industries working across three continents. Prior to joining Adbri, he was acting chief financial officer at Boral Ltd between April 2022 and March 2023 and previously held the position of executive general manager group finance and property at Boral. Prior to his time at Boral, Mr Gashel held multiple senior finance execut... |