Cement News tagged under: Adelaide Brighton

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Alcoa will not renew lime supply contract from AdBri subsidiary

06 July 2020, Published under Cement News

Adelaide Brighton’s subsidiary, Cockburn Cement has been advised by Alcoa that it will not renew its lime supply contract, which is due to expire on 30 June 2021. The contract generates around AUD70m (US$48.57m) in annual revenue for the group, according to the Financial Review. "We are disappointed with Alcoa’s decision to displace locally manufactured product with imports from multiple sources, particularly considering our almost 50-year uninterrupted supply relationship," said Nick Mill...

Adelaide Brighton pulls 2020 profit guidance

02 April 2020, Published under Cement News

Australia’s Adelaide Brighton has pulled its 2020 profit guidance due to the economic uncertainty resulting from the coronavirus pandemic, but noted it has AUD450m (US$274.55m) in cash and undrawn bank facilities. According to the company’s webpage, it still has no known cases of COVID-19 across its business. "All our 130+ locations remain open for business and we are well stocked with raw materials to meet the needs of all our valued customers. We’ll continue to meet with our customers to...

Adelaide Brighton uses 1Mt of RDF at Birkenhead plant

13 November 2019, Published under Cement News

Adelaide Brighton has now used 1Mt of refuse-derived fuel (RDF) at its Birkenhead facility, South Australia, diverting 2Mt of waste from landfill sites. The Premier of South Australia, Steven Marshall, and Environmental Minister, David Speirs, visited the company last week to recognise the milestone. "Through the use of this alternative fuel, Adelaide Brighton's Birkenhead plant has achieved gains in efficiency and reduced consumption of natural gas by 25 per cent," said Nick Miller, CEO...

Adelaide Brighton makes new appointment

08 October 2019, Published under Cement News

Australia’s Adelaide Brighton Ltd has announced the appointment of Emma Stein as an independent non-executive director. Ms Stein has previously held several board and senior executive positions in the building materials, energy, mining and waste management sectors, according to a press release. "We welcome the wealth of experience Ms Stein brings to the Adelaide Brighton board and look forward to working with Emma," said Raymond Barro, chairman of the company. Elsewhere, Arlene Tansey wil...

Adelaide Brighton updates its forecast for 2019

31 July 2019, Published under Cement News

Australia’s Adelaide Brighton has issued a profit warning for the 2019 period, stating that its underlying profit is expected to fall around 37 per cent YoY to AUD120-130m (US$82.6-89.6m) from AUD190.1m. The company has cut its interim dividend, cancelled ingredient imports and booked an AUD100m impairment charge, resulting in its shares posting the steepest fall in 15 years, according to Reuters. The warning arrives as Australia’s construction sector continues to contract, with AIG Cons...

Adelaide Brighton issues profit warning for 2019

10 May 2019, Published under Cement News

Australia's Adelaide Brighton has warned that profits for 2019 could be 10-15 per cent lower than the AUD190.1m (US$133m) recorded in 2018, due to weaker demand in residential construction and high competition from imports. The company attributed the profit warning to "further softening of demand for construction materials in the residential market, increased competition from cement imports, increased competitive pressures in Queensland and higher costs of key raw materials compared to the...

Adelaide Brighton posts 1% fall in net profit in 2018

01 March 2019, Published under Cement News

Australian cement producer Adelaide Brighton posted a 1.4 per cent decline in net profit to AUD185.3m (US$131.5m) in 2018 as cement margins declined and slower growth in South Australia and Western Australia offset strong demand in New South Wales and Victoria. “East coast construction markets were strong in 2018, South Australia and the Northern Territory were flat and Western Australia was down, while lime demand from the resources sector was stable,” Adelaide Brighton’s CEO, Nick Miller...

Holcim Australia announces new CEO

06 February 2019, Published under Cement News

Following the commencement of Nick Miller’s duties as CEO of Adelaide Brighton last week, the company has announced the departure of George Agriogiannis, executive general manager of concrete and aggregates. Mr Agriogiannis will become chief executive of Holcim Australia on 11 March. The current CEO of Holcim Australia, Mark Campbell, will leave the company at the end of March. "I wish to announce that Mark Campbell has decided to leave Holcim Oceania to pursue his career outside the grou...

Adelaide Brighton announces new CEO

19 October 2018, Published under Cement News

Australia’s Adelaide Brighton has announced that Nick Miller will become the company’s new CEO after Martin Brydon leaves the company next year. Mr Miller is the CEO of Broadspectrum, an infrastructure and maintenance service group, and was the managing director of civil construction company Fulton Hogan between 2010-17. Mr Miller is expected to take up the position no later than 17 April 2019, according to Zlatko Todorcevski, chairman of Adelaide Brighton.

Adelaide Brighton records net profit increase in 1H18

22 August 2018, Published under Cement News

Australia's Adelaide Brighton has posted a 17.7 per cent YoY increase in net profit to AUD84.5m (US$62m) in the 1H18. Revenue saw a rise of 11.7 per cent to AUD807.2m, on the back of strong markets in New South Wales, Queensland and Victoria. "It's really pleasing to deliver record half-year financial results and dividends for our shareholders. Revenue, EBIT, net profit, cash flow and dividends were all first-half records," said Martin Brydon, CEO, Adelaide Brighton. The company expect...