Cement News tagged under: Australia
Adelaide Brighton pulls 2020 profit guidance02 April 2020, Published under Cement NewsAustralia’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... |
Australian contractors on the brink of collapse19 March 2020, Published under Cement NewsAustralia's construction industry is said to be on the brink of collapse, according to John Holland's CEO, Joe Barr. The building contractor reported losses of US$1bn in February and is in dispute with Transurban over who should pay for cost blow-outs caused by delays on Melbourne's AUD6.7bn (US$1.79bn) West Gate Tunnel project. "I won’t sugarcoat it," Mr Barr told The Australian Financial Review. "Tier-one contractors in Australia are not making any money, and governments across Australi... |
Adelaide Brighton sees revenue down 8% in 201927 February 2020, Published under Cement NewsAustralia’s Adelaide Brighton Ltd has reported a 74.5 per cent YoY fall in net profit to AUD47.2m (US$31.1m) for 2019, decreasing from AUD185.2m in the previous year. Revenue also declined 7.5 per cent to AUD1.517bn from AUD1.630bn. The company’s EBITDA was down 23 per cent to AUD271.6m from AUD352.8m in 2018. "In 2019, construction materials markets softened on the eastern seaboard of Australia, particularly in Queensland and New South Wales – driven by an oversupply of multi-residential ... |
Boral posts lower 1H earnings26 February 2020, Published under Cement NewsBoral Ltd reported a statutory net profit after tax (NPAT) of AUD137m (US$90m) for the half-year ended 31 December 2019, after significant items of AUD20m. The half-year results reflects lower 1H earnings from Boral Australia and USG Boral due to cyclical declines in Australian and South Korean housing markets, partially offset by improvement initiatives. Volume pressures and higher costs also affected earnings of Boral North America. EBITDA of AUD439m and EBITDA from continuing operations ... |
Refratechnik Group acquires QMAG17 January 2020, Published under Cement NewsThe Refratechnik Group has entered into a share purchase agreement to acquire 100 per cent of QMAG Ltd, an Australian magnesia producer. QMAG (Queensland Magnesia) is a fully-integrated producer of high-quality magnesia products with mining and production in the state of Queensland, Australia, servicing global markets with a combined production capacity greater than 300,000Mta of high-grade electro-fused (FM), dead-burned (DBM), and caustic-calcined (CCM) magnesium oxide products. By the ... |
Adelaide Brighton uses 1Mt of RDF at Birkenhead plant13 November 2019, Published under Cement NewsAdelaide 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... |
Votorantim28 October 2019, Published under Cement NewsVotorantim is among the companies believed to be interested in buying LafargeHolcim’s Australian and New Zealand divisions, according to The Australian. The cement giant is reportedly considering exiting the two countries in a bid to drive down debt levels. Cement Australia Pty Ltd and Cement Australia Partnership (CACAP) is the company that LafargeHolcim operates as in Australia. It currently operates two integrated plants at Railton, Tasmania and Gladstone, Queensland, and two grinding ... |
Divestment talk of LafargeHolcim's Australian and New Zealand divisions resurface18 October 2019, Published under Cement NewsLafargeHolcim is reported to be considering exiting Australia and New Zealand, according to The Australian. The AUS$2-3bn (US$1.37-1bn) division has been identified as a means for the group to potentially drive down its debt levels. LafargeHolcim was created through a US$50bn merger of Lafarge and Holcim in 2014 and considered an exit from Australia and New Zealand the following year to cut debt. Lafarge sold its Australian gypsum operations in 2011 for EUR120m to Knauf, but Holcim has rem... |
Adelaide Brighton makes new appointment08 October 2019, Published under Cement NewsAustralia’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 achieves 1H19 revenue of AUD755.7m28 August 2019, Published under Cement NewsAdelaide Brighton recorded 1H19 revenue of AUD755.7m (US$506.1m), down 6.3 per cent on 1H18 due to a softening of residential and construction demand. EBIT stood at AUD85.2m, presenting a decrease of 31 per cent, driven by rising material input costs and competitive pressures. Australia's residential construction approvals fell 25.6 per cent in the six months to June 2019, while construction is projected to hit a low in 2021. Cement sales volumes fell by eight per cent with a decline in th... |