Cement News tagged under: Adelaide Brighton

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Martin Brydon to step down as CEO of Adelaide Brighton

21 May 2018, Published under Cement News

Martin Brydon, CEO of Adelaide Brighton, has announced plans to retire later this year after four years in the position. Mr Brydon will stay with the company until a new chief executive is found, according to a statement made to the ASX. "It’s time and I’m very comfortable with my decision to move to retirement phase, which will be over a period of time – could be six months depending on how the search goes," said Mr Brydon. The formal search process to fill the position will begin immed...

Adelaide Brighton announces results for 2017

05 March 2018, Published under Cement News

Adelaide Brighton has announced its results for the full-year period, ended 31 December 2017. The company saw a 2.3 per cent YoY fall in net profit to AUD182m (US$141m), but revenue increased 11.7 per cent to finish at AUD1.56bn. The company received AUD17.7m of impairments, significantly higher than the anticipated AUD14m. As a result, the manufacturer has hired forensic accountants to examine whether an employee may have deliberately hidden customer underpayments for supplies over a sus...

Adelaide Brighton reports equipment issues

14 February 2018, Published under Cement News

Adelaide Brighton Cement has reported issues with manufacturing equipment at its Birkenhead plant. Large plumes of dust were spotted leaving the chimney of the facility last Sunday, according to Westside Weekly. "I could see the plume rising into the air and spreading over residential areas from 10km away," said Tony Bazeley, member of the Port Adelaide Residents Environment Protection Group. As a result, the company alerted the Environment Protection Agency (EPA). A spokeswoman for t...

Adelaide Brighton awards power contract to Infigen

28 November 2017, Published under Cement News

Australia’s Adelaide Brighton has awarded Infigen Energy’s Lake Bonney wind farm the contract to supply power to two cement plants north of Adelaide and a quarry on Yorke Peninsula. The deal is understood to extend over five years and involve a larger volume of power than the 88GWh transaction signed last week with Pacific Hydro by 14 firms, cities and municipal agency, reports the Australian Financial Review. The Adelaide Brighton deal will involve supply from Infigen's existing port...

Adelaide Brighton investigates AUD$14m underpayments to customers

14 November 2017, Published under Cement News

Adelaide Brighton announced on Monday that "it has identified certain financial discrepancies which relate to transactions under which a small number of customers may have underpaid for product supplied to them." The company is investigating the matter fully, including the possible involvement of an employee of the company, with the assistance of forensic accountants KPMG. Adelaide Brighton believes there may have been deliberately hidden underpayments by customers over a sustained period...

Birkenhead residents call for stricter environmental licence for Adelaide Brighton

28 September 2017, Published under Cement News

Australia's Environmental Protection Authority (EPA) is reviewing Adelaide Brighton Cement’s current licence, which expires at the end of October. Port Adelaide Residents’ Environment Protection Group wants stricter controls on dust and noise levels coming from the plant. A local environment group ius also advocating that Adelaide Brighton Cement should help pay for cleaning dust from property within 800m of its Birkenhead factory. The environmental group's president, Tony...

Adelaide Brighton eyes additional assets

21 August 2017, Published under Cement News

Australia's surging property market and healthy infrastructure projections is encouraging Adelaide Brighton to look out for further acquisitions. "From a demand point of view on the east coast, it’s hard to be pessimistic. The only way to put it is it’s very strong," Adelaide Brighton chief executive, Martin Brydon, told The Australian. The Melbourne residential market has also shown strong if unexpected demand. "It’s actually stronger than what we thought it would be even six months ago,...

Adelaide Brighton investigating contaminated cement

24 April 2017, Published under Cement News

Adelaide Brighton Cement said it is investigating the use of contaminated cement in several major construction projects around Adelaide following an issue with the manufacture of its "bulk cement during a four-day period between April 7 and 10" at its Birkenhead plant, ABC reports. The cement was distributed by several companies, including Boral. "As soon as Boral was alerted, an immediate review was undertaken, with a number of strategies implemented to minimise the effect of the Adelaide...

Adelaide Brighton appoints Zlatko Todorcevski as non-executive director

23 March 2017, Published under Cement News

Australia’s Adelaide Brighton has appointed Zlatko Todorcevski as non-executive director with effect from 22 March 2017. Mr Todorcevski is President of the Group of 100, the peak body for Australia's Chief Financial Officers from the nation's major private and public business enterprises. He is also Chairman of the Accounting and Auditing Standing Committee of the Australian Securities and Investments Commission. Adelaide Brighton's Chairman, Les Hosking, said he was pleased the Compan...

Australia: Adelaide Brighton sees power bill rise by US$2.2m

01 September 2016, Published under Cement News

The price spike in July added around AUD3m (US$2.26m) to Adelaide Brighton's power bill, mainly attributed to operations at its Birkenhead plant. This surge in costs led the company to temporarily scale back its production and increase the use of imported product. Managing Director, Martin Brydon, commented on how the company had the capacity to turn off its grinding process at the times of high power prices but urged that continuing power prices needed to be addressed. The Council of ...