Cement News tagged under: Adelaide Brighton
Adelaide Brighton appoints Zlatko Todorcevski as non-executive director23 March 2017, Published under Cement NewsAustralia’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$2.2m01 September 2016, Published under Cement NewsThe 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 ... |
Cement Australia stake up for sale?21 March 2016, Published under Cement NewsOne of the two main shareholders of Cement Australia is reported to consider a potential sale of its 50 per cent stake, according to market sources. The value of Cement Australia is being discussed at US$800m, according to reports in Business Spectator. One theory suggests that Holcim could carry out the divestment ahead of plans to sell of its US$3bn Australia and New Zealand division to Adelaide Brighton in light of its merger with Lafarge. However, the deal would be subject to appr... |
Adelaide Brighton predicts 2015 sales gain28 May 2015, Published under Cement NewsAustralian construction materials group Adelaide Brighton says cement and clinker product sales volumes should be "similar to or greater than" levels in the prior year. Lime sales, which declined 7.7 per cent in 2014 after a downturn in the gold sector, were also anticipated to be similar or slightly higher than last year. The group told shareholders at today's annual general meeting that after last year's acquisitions, Adelaide Brighton was expecting to book around $4.4m worth of syn... |
Adelaide Brighton reports record net profit27 February 2015, Published under Cement NewsAdelaide Brighton reported record sales and net profit after tax of AUD1337.8m and AUD172.7m, respectively, for the year ended 31 December 2014. Revenue increased 8.9 per cent and net profit by 14.3 per cent YoY. Adjusting for a number of one-off items, underlying net profit after tax of AUD166.5m was 8.5 per cent higher than 2013. EBIT increased 11.1 per cent to a record AUD247.5m on an EBIT margin of 18.5 per cent. Earnings were aided by net significant items of AUD2.3m. Excluding the... |
AdBri secures Western Australia supply agreement16 February 2015, Published under Cement NewsAdelaide Brighton has secured an ongoing supply agreement with a cement customer in Western Australia for a term of three years until 31 December 2017, the company announced in a statement today. Adelaide Brighton currently supplies approximately 50 per cent of the customer’s requirements in Western Australia under the current agreement which expired at the end of last year. Martin Brydon, CEO of Adelaide Brighton said: “We are delighted to have secured the continued supply of cement to t... |
Adelaide Brighton confirms contract renewal09 December 2014, Published under Cement NewsAdelaide Brighton announced that it has extended a supply agreement to a major cement customer in South Australia. The current agreement which expires at the end of December 2014, has been extended on similar terms until theend of December 2015. Chief Executive Officer, Martin Brydon, said: “This is a positive outcome for Adelaide Brighton and we are pleased to have secured ongoing supply to this major South Australian customer.” |
Deutsche Bank upgrades Adelaide Brighton, Australia10 October 2014, Published under Cement NewsDeutsche Bank has upgraded Australian building materials supplier Adelaide Brighton to hold from sell, citing recent share price underperformance. However, Deutsche continues to have concerns around the potential for more contract losses. The broker says Adelaide Brighton is trading on a multiple of 13.3 times earnings – broadly in line with its historical 12-month ratio of 12.9 times. "Upside risks include better pricing outcomes for lime and cement and a faster-than-expected improvement ... |
AdBri 1H net profit falls, revenue edges ahead28 August 2014, Published under Cement NewsAdelaide Brighton reported a 3.9 per cent rise in first-half revenue to AUD602m, as improved pricing and increased cement from the residential sector on the eastern seaboard offset a decline in project volumes in South Australia and a reduction in lime sales volumes. The company reported a net profit for the half year ended 30 June 2014 of AUD51.2m, down 15.9 per cent compared to the same period of last year. Adjusting for significant items, underlying net profit of AUD61.2m was 2.9 per... |
Adelaide Brighton acquires Penrice quarry, Australia29 July 2014, Published under Cement NewsAdelaide Brighton has acquired the Penrice limestone quarry in Angaston for an undisclosed price. The quarry, which had been placed into voluntary administration in April, will now become a key raw materials supplier to Adelaide Brighton’s lime and cement plant in Angaston. “The quarry acquisition represents a strong strategic fit for Adelaide Brighton by securing a high quality marble deposit for the supply of raw material to the company’s Angaston plant for lime and off-white cement man... |