Cement News tagged under: Australia

RSS feed

Adbri reports 13% revenue rise in 2023

27 February 2024, Published under Cement News

Adbri Ltd has reported revenue of AUD1922.9m (US$1259m) in 2023, up 13.1 per cent from the AUD1700.3m seen in the previous year. Statutory EBITDA advanced 5.2 per cent YoY from AUD282.6m in 2022 to AUD297.4m the following year, with underlying EBITDA coming in at AUD311m in 2023, up 30.9 per cent YoY. Statutory net profit after tax in 2023 stood at AUD92.9m, down 9.5 per cent from AUD102.6m in the previous year, while underlying net profit after tax was up 43.8 per cent YoY over the same p...

Saint-Gobain in advanced talks to acquire CSR Ltd

22 February 2024, Published under Cement News

Saint-Gobain has approached the board of CSR Ltd, a leading Australian building materials company listed on the Australian Securities Exchange, with a non-binding indicative offer to acquire all of CSR’s issued share capital by way of a scheme of arrangement at an offer price of AUD9.00 (US$5.90) cash per share. Under Saint-Gobain’s proposal, CSR would be entitled to pay a final dividend of up to AUD0.25 per share for its financial year ending 31 March 2024, which would be deducted from the...

Freehill Mining to supply Cementos Melón

14 February 2024, Published under Cement News

Australia-based Freehill Mining Ltd has secured a purchase order from Chile’s Cementos Melón with a gross sales value of approximately US$185,000. The purchase order is for the supply of material to Melón’s Coquimbo cement plant from Freehill’s 100 per cent-owned Yerbas Buenas project in Maule Region, Chile. The material will be delivered over a two-month period, likely to commence in mid-March 2024. Although the volume and price secured per cubic metre under this purchase order has no...

MCi Carbon to provide CCU plant for RHI Magnesita

19 January 2024, Published under Cement News

Refractories specialist RHI Magnesita has announced an industrial-scale carbon capture project with MCi Carbon. RHI Magnesita will be MCi Carbon’s first global commercial customer. Alongside an additional multi-million-dollar investment from RHI Magnesita, MCi Carbon's will accelerate its mission to scale up and commercialise its carbon capture and utilisation technology (CCU). "This investment marks a pivotal moment for MCi Carbon and underscores the trust our partners place in our transfo...

Adbri reached cementitious materials supply agreement

03 January 2024, Published under Cement News

Adbri Ltd announces that its wholly owned subsidiary, Adelaide Brighton Cement Ltd, trading as Adbri Cement, has entered into an agreement with Independent Cement and Lime Pty Ltd (ICL) for the supply and distribution of cementitious materials. ICL is a 50:50 joint venture between Adbri and the Barro Group. The interim agreement will took effect on 1 January 2024 following expiry of the current arrangement and continues for two months, coinciding with the timing of the process and exclusivi...

Adbri to operate world's first fully electric self-unloading vessel

22 December 2023, Published under Cement News

Adbri has entered into a 20-year strategic partnership with Canada Steam Ship Lines (CSL) to build and operate the world’s first fully electric battery-capable self-unloading vessel. The custom-designed ship will replace Adbri’s ‘Accolade II’ and will support the company’s limestone operations in South Australia with a focus on enhanced efficiency and environmental responsibility. The ship will carry up to 2.7Mta of limestone, which represents a 35 per cent increase over the existing vesse...

Adbri's Kwinana project on track for 2Q24

20 December 2023, Published under Cement News

Australian cement producer Adbri has provided an update on its Kwinana upgrade project, saying it is on track in terms of both cost and timings. According to the company, the Kwinana project will deliver a modern, state-of-the-art facility that consolidates Adbri’s two existing cement production sites, strengthening its position as a sustainable, low-cost cement supplier in Western Australia. The project is expected to be completed at a cost of around AUD385-420m (US$259-283m) with co...

CRH proposal to acquire Adbri

18 December 2023, Published under Cement News

CRH has entered into an agreement to acquire Adbri Ltd . Under the proposal, CRH would partner with Australian family-owned business, Barro Group, which has an approximately 43 per cent share in Adbri. CRH currently has a 4.6 per cent interest in the company via a cash settled derivative and would acquire the remaining approximately 57 per cent of Adbri’s shares not owned by Barro with the intention to delist Adbri from the Australian Securities Exchange (ASX). CRH and Barro have submi...

Boral launches Circular Materials Solution

13 December 2023, Published under Cement News

Boral has introduced its end-to-end Circular Materials Solution (CMS), a system designed to manage demolition and excavation waste materials for remanufacturing, returning them as recycled building products for more sustainable commercial outcomes.  Andre Gobert, general manager and director for recycling at Boral, said the CMS system is designed to manage demolition and excavation waste materials for remanufacturing, returning them as recycled building products for more sustainable com...

World's largest multi-compartment cement silo commissioned

20 November 2023, Published under Cement News

Haver & Boecker, in conjunction with IBAU HAMBURG, has successfully completed the commissioning of the world’s largest multi-compartment cement silo at the Melbourne Cement facility at the Port of Melbourne, Australia. Located on Lorimer street, the 45kt IBAU silo is designed for cementitious powder. It is constructed with 2x6 outer cells and a single inner cell, with self-unloading ships set to feed into each storage cell of the silo at a feeding rate of up to 1200tph. The silo also con...