Cement News tagged under: Australia
Boral releases revised FY19 guidance06 February 2019, Published under Cement NewsBoral Ltd announced that it expects net profits after tax for 1HFY19 to be around AUD200m (US$142.6m) and EBITDA to be approximately AUD483m. Excluding the impact of lower earnings due to the sale of Denver Construction Materials (in July 2018) and Texas Block (in November 2018), EBITDA for the 1HFY19 is expected to be broadly steady. EBITDA growth from Boral North America is likely to be offset by lower earnings in Australia and a lower contribution from USG Boral. Boral's FY19 EBITDA is ... |
Holcim Australia announces new CEO06 February 2019, Published under Cement NewsFollowing 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... |
Fletcher building hit by Golden Bay shutdown and Australian residential market21 November 2018, Published under Cement NewsFletcher Building Ltd's performance has been impacted by trading conditions and a four-week shutdown of subsidiary Golden Bay Cement which cost in the range of NZD8-11m (US$5.4-7.5m). The company has downgraded its full-year EBIT by 10 per cent to NZD20m. "The 10 per cent lower ebit was a reflection of Australian trading conditions, the Golden Bay Cement issue and timing of sales in its New Zealand residential business,'' said Craigs Investment Partners broker Peter McIntyre. In addition... |
New levy to increase input costs for Australian manufacturers16 November 2018, Published under Cement NewsAustralian manufacturers and industry groups have warned that a new "biosecurity levy" would increase costs by 3000-5000 per cent on the key inputs for cement production, aluminium and steel. The levy, included in the May budget, is estimated to raise AUD108m (US$78.45m) a year, according to The Australian. Due to start on 1 July 2019, it will see manufacturers pay a AUD1/t levy on non-containerised cargo, instead of paying a fee-for-service for biosecurity inspections. "Currently manufac... |
Adelaide Brighton announces new CEO19 October 2018, Published under Cement NewsAustralia’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. |
Boral concludes deal with Geelong Port for new facility26 September 2018, Published under Cement NewsA new clinker grinding and cement facility is to be built at Geelong following an agreement between Boral Cement and Geelong Port, Australia. The 25-year agreement will see Boral invest AUD130m (US$94.3m) in a 1.3Mta facility, which is to be connected by a conveyor system to Lascelles Wharf to provide efficient discharge and processing. The new facility is expected to enable Boral to increase capacity to meet future infrastructure demand in Victoria and extend Boral’s range of products. ... |
Boral posts 49% net profit surge in FY1830 August 2018, Published under Cement NewsAustralia’s Boral has announced a 49 per cent YoY surge in in net profit to AUD441m (US$322.45m) for the FY18 ended 30 June. Sales revenue increased 34 per cent to AUD5.9bn, while EBITDA advanced 47 per cent to AUD1.06bn. The significant earnings growth has been attributed to the acquisition of Headwaters Inc in the US, alongside Australia’s booming construction market, according to a press release. "In recent years we have worked to initially fix and then transform Boral’s portfolio to ... |
Adelaide Brighton records net profit increase in 1H1822 August 2018, Published under Cement NewsAustralia'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... |
ResourceCo opens Sydney waste-to-fuel plant13 August 2018, Published under Cement NewsA new multi-million dollar waste-to-fuel plant has been opened in Sydney at Wetherhill Park by ResourceCo in a joint venture with Cleanway, an industrial and environmental services company. The new faculity will divert more than 50,000 truckloads of waste from landfill and will reduce the country's dependence on coal and petcoke. Ben Salway, CEO of Sustainable Energy at ResourceCo, said: "It will replace over 100,000t of coal usage per year alone and will take the equivalent of 20,000 ... |
Boral's Geelong grinding unit wins environmental approval02 August 2018, Published under Cement NewsVictoria's planning tribunal has given the approval for the Boral to construct a 1.3Mta clinker grinding facility at Geelong Port without further environmental monitoring. The Environment Protection Authority approved the construction of the AUS$100m (US$73.7m) facility on vacant land in the Lascelles Wharf precinct last October. However a local man took the EPA to the Victorian Civil and Administrative Tribunal (VCAT), asking for conditions to be added to the approval related to noise,... |