Cement News tagged under: Adbri

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SIMPEC increases scope of Cockburn Cement's Kwinana upgrade

22 November 2022, Published under Cement News

WestStar Industrial subsidiary SIMPEC has been awarded an increase in scope of ~AUD2.5m (US$1.66m) as part of work with Cockburn Cement Ltd (CCL) for the Kwinana plant upgrade project in Australia. Construction began in August 2022. Contract terms are in the latter stages of being negotiated with Cockburn Cement ( part of the Adbri group) for the balance of construction and installation works on the project. The Kwinana upgrade project will consolidate Adbri’s two existing c...

Adbri CFO resigns

08 November 2022, Published under Cement News

Theresa Mlikota has resigned as chief financial officer of Adbri . Ms Mlikota, who has been with the company since 2019, will remain in the role until 11 November 2022. “On behalf of the board, I would like to thank Theresa for her service and the contribution she has made during her time at Adbri. We wish her the very best for the future,” said Raymond Barro, chairman of Adbri. Peter Barker has been appointed as Interim CFO. Mr Barker is a senior finance executive with more than 30 years...

Adbri CEO and MD step down

18 October 2022, Published under Cement News

Adbri ’s chief executive office and managing director, Nick Miller, is stepping down. Mark Irwin, senior executive at the company, has been appointed as interim CEO. According to Reuters, extreme rainfall and ongoing inflationary headwinds have continued to impact Adbri’s margins. Although demand has remained robust, the company is actively reviewing its expenses to deliver further cost reductions. Out-of-cycle price increases have been implemented but, according to Adbri, they have not ...

Adbri increases revenue by 8% in 1H22

24 August 2022, Published under Cement News

Adbri ’s revenue increased to NZD812.4m (US$501.4m) in the 1H22, up eight per cent on 1H21 driven primarily by strong construction and mining sector demand and improved pricing across most products, said the company. Underlying net profit after tax decreased 1.3 per cent to NZD54.3m. Results were impacted by operational challenges associated with extreme wet weather events on the east coast of Australia, anticipated lower lime volumes, higher raw materials, shipping, transport, power and f...

Adbri provides Kwinana update

23 August 2022, Published under Cement News

Adbri Ltd reported that the upgrade of its Kwinana cement plant in Western Australia, originally budgeted at AUD199m (US$137.3m), is likely to see a 15 per cent hike in costs, taking into account inflationary and supply chain pressures. The upgrade is expected to consolidate most of the cement producer’s Western Australia’s operations at the plant and increase annual production capacity by 36 per cent to 1.5Mta. The company said the upgrade was ~25 per cent complete on 30 June 2022 wh...

Building a better Australia

13 June 2022, Published under Cement News

Adbri has been integral to the use of slag cements in Australia since the 1970s. Here, the company looks at how the role of slag cements in the Australian cement industry has progressed and the importance of strong partnerships with local and foreign suppliers. By Michael Miller, Adbri Ltd, Australia. ABCL’s Birkenhead site Adbri Ltd, formerly known as Adelaide Brighton Ltd, is a pioneering construction materials and industrial mineral manufacturing company in Australia. With...

Adbri announces new net zero targets

03 May 2022, Published under Cement News

Adbri Ltd has released its Net Zero Emissions Roadmap for 2050, outlining three new medium-term 2030 emissions reduction targets for cement, lime and electricity. The roadmap builds upon the company’s 32 per cent reduction in operational greenhouse gas emissions since 2010.    The first new target focuses on cement. Adbri’s cement emissions intensity in FY20 was 557kg CO2/t cement. The new medium-term target aims to reduce this to 446kg CO2/t cement, representing a potential 47 per cent...

AdBri makes positive revenue and environmental progress in 2021

04 March 2022, Published under Cement News

This week AdBri announced earnings of AUD1569.2m (US$1135m) in 2021 and might have performed even better had it not been for variable demand, due to temporary Australian government COVID-19- related lockdowns. Bringing capex projects online and accelerating its decarbonisation programme will now be major goals for the group in 2022. AdBri has been transforming its operations to be more resilient during the COVID-19 period. Cement sales performed better in 2021 than in 2020, rising by 12 per...

AdBri records revenues of AUD1569m in 2021

01 March 2022, Published under Cement News

AdBri reported revenue of AUD1569.2m (US$1135m) compared to AUD1454.2m in 2020 with increased sales volumes experienced for all products other than lime. Strong sales demand was seen across all market segments, including residential, commercial, infrastructure and mining.   Reported net profit after tax (NPAT) attributable to members increased from AUD93.7m to AUD116.7m. Net debt increased by AUD65.3m to AUD437.4m at 31 December 2021, representing a leverage ratio of 1.6 times under...

Adbri signs supply contract with OZ Minerals

15 February 2022, Published under Cement News

Adbri Ltd has made an announce an agreement with OZ Minerals Ltd, through their respective subsidiaries, for the supply of cementitious materials to the OZ Minerals Carrapateena mine in South Australia. The contract value is around AUD10m (US$7.12m) over a three-year term, with options to extend to 2027.   In addition to the supply of cement, Adbri will also supply aggregate and sand from the company’s hard rock and sand quarries in South Australia, as well as providing supporting l...