Cement News tagged under: Adbri
Adbri announces new net zero targets03 May 2022, Published under Cement NewsAdbri 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 202104 March 2022, Published under Cement NewsThis 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 202101 March 2022, Published under Cement NewsAdBri 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 Minerals15 February 2022, Published under Cement NewsAdbri 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... |
Alcoa to extend quicklime supply to Cockburn Cement Ltd19 January 2022, Published under Cement NewsCockburn Cement Ltd (CCL), an Adbri company, is looking forward to continuing to work with Alcoa around the supply of quicklime to its operations in Western Australia. Adbri announced that CCL has reached an agreement with Alcoa for the supply of quicklime until 31 January 2023, when the existing arrangement ends on 31 January 2022. Adbri said, “The extension reinforces CCL’s position as a reliable and high quality supplier of lime through our local manufacturing and distribution... |
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 ... |
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... |
BHP grants Adbri cement and lime contract extension15 September 2020, Published under Cement NewsBHP has awarded Adbri a four-year contract extension at the Olympic Dam mine in South Australia. The US$160m contract involves the supply of cement and lime to Olympic Dam, which holds major copper, gold, silver and uranium deposits. The extension will run through to mid-2026 and represents a 20-year supply relationship between Adbri and BHP. Adbri CEO, Nick Miller, thanked BHP for continuing to choose local materials over imported alternatives. “We are pleased to extend our long-term re... |