Cement News tagged under: Australia
Boral sells US fly ash business for US$755m06 December 2021, Published under Cement NewsBoral has called time in the US after more than 40 years with the sale of its fly ash business to Eco Material Technologies for US$755m, as it focuses on its construction materials business back in Australia. Chief executive Zlatko Todorcevski says the group’s ongoing divestment programme has now “unlocked substantial value”. “Together with the sale of the North American Building Products business and our stake in Meridian Brick … we will have divested the North American busines... |
Boral to shift electricity supply to green renewables by 202508 September 2021, Published under Cement NewsBoral is targeting 100 per cent renewable and hydrocarbon energy supply by 2025 as part of its net-zero emissions by 2050 commitment. The company is ‘exploring all options’ it said to Renew Economy which will cover Boral's energy needs outside of its Berrima kiln, which is set on a separate decarbonisation pathway. CO 2 emissions at the company's Berrima plant will focus on alternative fuels and improving energy efficiency upgrades as well as new and emerging technologies. Boral CEO, Zla... |
AdBri sees 95% surge in profit for the 1H2125 August 2021, Published under Cement NewsAustralia’s AdBri has posted a net profit after tax of AUD56.6m (US$41m) in the first half of 2021, up 94.5 per cent on the year-ago period. Revenue also advanced 7.4 per cent YoY to AUD752.3m from AUD700.7m, as demand for construction materials increased. "Adbri delivered a robust first half financial performance for 2021 recording solid growth in revenue and profits with improving margins as demand for construction materials rebounded, supported by increased residential housing activity ... |
Boral returns to profit in the FY2124 August 2021, Published under Cement NewsAustralia’s Boral has reported a net profit of AUD640m (US$462.87m) for the full year ended 30 June 2021, compared to a loss of AUD1.145bn in the previous fiscal year. EBIT also advanced 37 per cent to AUD445m. However, sales revenue from continuing operations was down six per cent YoY to AUD2924m, as a result of lower volumes and softer prices, according to a media release. "Our full year FY2021 results reflect the mixed market conditions we are continuing to experience in Australia duri... |
Fortescue Metals Group to diversify into green cement07 July 2021, Published under Cement NewsAustralia-based iron ore mining specialist Fortescue Metals Group says it has produced both green iron and green cement in trials that are part of the company's plans to become a major player in the green energy sector. One of the trial decarbonisation projects being run by Fortescue Future Industries's (FFI) has produced high-purity green iron from Fortescue iron ore, and waste from the green iron process has been combined with other materials to make green cement. FFI CEO, Julie... |
FCT Group appoints new CEO31 May 2021, Published under Cement NewsAdriano Greco has been appointed CEO of pyro-processing specialist, FCT Group, commencing 1 June 2021. Adriano Greco, who is based in Florida, has been CEO of FCT-Combustion’s American business unit since 2015 and has also implemented the Brazilian subsidiary. Greco brings over 20 years of extensive pyro-processing industry experience from management roles across the USA, Brazil, China, Austria and Spain, having previously held positions such as President of Greco Combustion Systems an... |
FCT Combustion appoints new Asia-Pacific CEO27 April 2021, Published under Cement NewsAndy Bailes has been announced as the new CEO of FCT Combustion (Asia-Pacific). Andy joins FCT after almost 30 years at Metso in Australia, having spent 10 years as General Manager – Engineered Product Services where he was responsible for managing a large team covering proposals, sales, technical, commercial and contractual obligation of the EP Products (grinding, pyro, process & BMH) Group within ANZ region. "I am excited to welcome Andy to the FCT team," said Con Manias, executive chai... |
Calix and AdBri to build first zero-emission lime plant22 April 2021, Published under Cement NewsCalix and Adelaide Brighton (Adbri Ltd) are to develop a lime project with CO 2 capture and multi-fuel options In Australia. The project represents a world-first development of a commercial-scale, zero-emissions lime production facility. Calix and Adbri's intend to progress a feasibility study covering site selection, raw materials and proof of marketable product, and basis of design covering CO 2 capture from lime production, and multi-fuel/energy options, targeting early 2022 compl... |
Adbri sees 4% decline in revenue for 202023 February 2021, Published under Cement NewsAustralia-based Adbri Ltd has announced a 4.1 per cent decrease in revenue to AUD1454.2m (US$1.15bn) in 2020, compared to AUD1517m in the previous year. The result has been attributed to the impact of lower residential activity on cement and concrete volumes. However, reported net profit after tax advanced 98.1 per cent YoY to AUD93.7m from AUD47.3m. "In the context of the challenging operating environment, the financial outcomes we delivered for FY20 are better than we had expected and ... |
AdBri given approval for AUD199m project17 December 2020, Published under Cement NewsAustralia’s Adbri Ltd has been given board approval for an AUD199m (US$151.7m) project that will consolidate two existing cement production sites into a single operation serving the western Australia market and increase production capacity to 1.5Mta from 1.1Mta. AdBri’s Cockburn Cement business has existing production capabilities to service this market at both Kwinana and Munster, located south of Perth. Clinker is currently transported by truck from its Kwinana bulk terminal (KBT) to ceme... |