Cement News tagged under: Adbri
Adbri reports 8% rise in revenue in 202228 February 2023, Published under Cement NewsAdbri has reported an 8.4 per cent YoY increase in revenue in 2022 to AUD1.7bn (US$1142m), driven by price increases and volume growth across most product lines. Statutory net profit after tax came in at AUD102.6m, down from AUD116.7m in the previous year, due to higher operating costs as a result of inflation, particularly energy costs and wet weather events. Capital expenditure in 2022 stood at AUD255.1m, up from AUD140.5m in the previous year, due to the spend on the Kwinana Upgrade p... |
Adbri appoints new deputy chair and lead independent director30 January 2023, Published under Cement NewsAdbri Ltd has announced that its current independent non-executive director, Samantha Hogg, has been appointed deputy chair and lead independent director following the resignation of Dr Vanessa Guthrie AO. Ms Hogg’s appointment will be effective on 1 March 2023. Dr Guthrie AO is stepping down from the Adbri Board on 28 February 2023 to focus on other board commitments. Ms Hogg joined the Adbri Board in March 2022 and is an experienced director and former executive having held senior lead... |
Cockburn Cement awaits fines for air pollution07 December 2022, Published under Cement NewsAdbri ’s Cockburn Cement plant on Perth’s southern suburb of Munster has been found guilty of emitting unreasonable amounts of emissions after residents living nearby complained of being confined to their homes due to the strong odours. The Adbri subsidiary was found guilty on six counts and acquitted of the remaining seven charges, after Magistrate Heidi Watson said she was satisfied the emissions had caused inconvenience and unreasonably interfered with the amenity of residents. Mor... |
Adbri reviews Kwinana project as costs escalate06 December 2022, Published under Cement NewsAdbri Limited has issued an update on its Kwinana project to consolidate two existing cement production sites into a single operation serving the Western Australian (WA) market. Following the appointment of Interim CEO Mark Irwin on 17 October 2022, Adbri accelerated its review of the project and engaged an expert engineering firm to undertake an external review. The initial findings have identified that the project cost is being impacted by a range of factors, including the escalatin... |
SIMPEC increases scope of Cockburn Cement's Kwinana upgrade22 November 2022, Published under Cement NewsWestStar 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 resigns08 November 2022, Published under Cement NewsTheresa 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 down18 October 2022, Published under Cement NewsAdbri ’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 1H2224 August 2022, Published under Cement NewsAdbri ’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 update23 August 2022, Published under Cement NewsAdbri 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 Australia13 June 2022, Published under Cement NewsAdbri 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... |