Cement News tagged under: Australia
Martin Brydon to step down as CEO of Adelaide Brighton21 May 2018, Published under Cement NewsMartin 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... |
Cement Australia fined in Port Kembla over raw material storage12 March 2018, Published under Cement NewsCement Australia's Christy Drive operation has been served fines of AUD30,000 (US$23,500) from the Environment Protection Authority for improper storage of its materials at Port Kembla. The Cement Australia facility earned the fines after the EPA found two licence conditions had been broken on numerous occasions at the plant, operated by Port Kembla Milling Pty Ltd. The company was fined over failing to cover raw materials. The EPA said gypsum and limestone were stored in the open ... |
Adelaide Brighton announces results for 201705 March 2018, Published under Cement NewsAdelaide 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... |
BGC Cement acquires land for new depot28 February 2018, Published under Cement NewsBGC Cement is in the final stages of acquiring two industrial lots in West Kalgoorlie, Australia, which will become a major new depot for storage and distribution of cement. Construction of the project was due to begin in 2017, according to the Kalgoorlie Miner. "Having now almost settled our land acquisition, we are confident that development will begin in the second quarter of 2018," said Chris Sefton, Kalgoorlie regional manager, BGC. "There has been considerable, increasing demand... |
Beyond Zero Emissions plans CO2 neutral Australian cement sector27 February 2018, Published under Cement NewsBeyond Zero Emissions (BZE) has set a plan for Australia’s cement industry to reach zero carbon emissions by the next decade. The Zero Carbon Industry plan ‘Rethinking Cement’ foresees a five point strategy to this goal with the biggest reduction coming from a switch to geopolymer cements. The organisation believes that some 50 per cent of the domestic cement market could be replaced by geopolymer cements made from reacting a solid aluminosilicate material with an alkaline solution. A seco... |
Adelaide Brighton reports equipment issues14 February 2018, Published under Cement NewsAdelaide 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... |
Boral reports strong 1H performance13 February 2018, Published under Cement NewsBoral's turnover for the six months to the end of December jumped by 40.3 per cent to AUD2937m (EUR1868m/US$2312m), helped by the acquisition of the Headwaters business in North America and by a strong performance from Boral Australia. EBITDA advanced by 50.1 per cent to AUD500m (EUR318m) while the trading profit increased by 49.8 per cent to AUD316m (EUR201m). After a net interest charge 85.23 per cent higher at AUD50m (EUR31.8m) the pretax profit improved by 44.6 per cent to AUD266m (E... |
HeidelbergCement02 February 2018, Published under Cement NewsHanson Holdings Australia, a wholly-owned subsidiary of HeidelbergCement, has acquired Alex Fraser Group from Swire Investments for around EUR135m. Alex Fraser is a leading producer of recycled building materials with three production units in Melbourne and two in Brisbane as well as two asphalt plants in Melbourne. Including synegy benefits, estimated at around EUR3m, Alex Fraser expects an EBITDA of some GBP20m in 2018. |
Wagners' share price rises 25% on first day11 December 2017, Published under Cement NewsWagners had a successful opening day on the Australian Securities Exchange with shares rising by 25 per cent, according to SBS News. The new listing now has a market value of AUD549m (US$412m). Wagners is the largest independent cement manufacturer and supplier in southeast Queensland, with approximately one third of the market. The company has 450 domestic and international customers. |
Adelaide Brighton awards power contract to Infigen28 November 2017, Published under Cement NewsAustralia’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... |