Cement News tagged under: Australia
Adelaide Brighton investigates AUD$14m underpayments to customers14 November 2017, Published under Cement NewsAdelaide Brighton announced on Monday that "it has identified certain financial discrepancies which relate to transactions under which a small number of customers may have underpaid for product supplied to them." The company is investigating the matter fully, including the possible involvement of an employee of the company, with the assistance of forensic accountants KPMG. Adelaide Brighton believes there may have been deliberately hidden underpayments by customers over a sustained period... |
Boral to set up new clinker grinding facility23 October 2017, Published under Cement NewsAn application for a new clinker grinding facility at North Shore, Geelong, in Australia's state of Victoria, has been approved by the Environmental Protection Agency (EPA). Boral Cement made an application for the 24h facility in July, which will have an output of 1.3Mta of cement. Boral’s application said clinker would be unloaded from ships and delivered to the site via covered belt conveyors from Lascelles Wharf. Following processing, finished product would be transported to Victoria v... |
Cement Australia to pay an extra US$16.1m over fly ash competition case05 October 2017, Published under Cement NewsThe Australian Competition and Consumer Commission (ACCC) has failed to win a substantial increase in the penalty awarded against Cement Australia for breaching the competition rules over the purchase of fly ash in Queensland. However, the competition regulator did win a technical argument over who is liable for payment of the fine in the case of jointly-owned companies. Cement Australia is owned by global giants Hanson and Holcim and the case centred on contracts to buy fly-ash from th... |
Birkenhead residents call for stricter environmental licence for Adelaide Brighton28 September 2017, Published under Cement NewsAustralia's Environmental Protection Authority (EPA) is reviewing Adelaide Brighton Cement’s current licence, which expires at the end of October. Port Adelaide Residents’ Environment Protection Group wants stricter controls on dust and noise levels coming from the plant. A local environment group ius also advocating that Adelaide Brighton Cement should help pay for cleaning dust from property within 800m of its Birkenhead factory. The environmental group's president, Tony... |
Boral sees benefits flowing from US Headwaters acquisition31 August 2017, Published under Cement NewsBoral's turnover in its financial year to the end of June 2017 edged up by 1.8 per cent to AUD4388m (EUR2919m/US$3466m) and EBITDA improved by 11.6 per cent to AUD720m (EUR479m). The trading profit advanced by 15.6 per cent to AUD460m (EUR306m) and after a net interest charge some 20 per cent lower at AUD51m (EUR34m) the pretax profit rose by 22.1 per cent to AUD409m (EUR272m). The net attributable profit advanced by 16 per cent to AUD297m (EUR197m). Net debt at the end of June was 261 pe... |
Adelaide Brighton eyes additional assets21 August 2017, Published under Cement NewsAustralia's surging property market and healthy infrastructure projections is encouraging Adelaide Brighton to look out for further acquisitions. "From a demand point of view on the east coast, it’s hard to be pessimistic. The only way to put it is it’s very strong," Adelaide Brighton chief executive, Martin Brydon, told The Australian. The Melbourne residential market has also shown strong if unexpected demand. "It’s actually stronger than what we thought it would be even six months ago,... |
Adelaide Brighton fights residential encroachment11 August 2017, Published under Cement NewsAdelaide Brigton has voiced concerns that it could be forced to leave the Port of Adelaide if residential encroachment in the area is not abated. The Australian cement producer informed the State Government the potential prospect at a state Environment, Resources and Development Committee (ERDC) meeting last week. The ERDC had recommended reducing a separation boundary to a residential development from 800m to 400m from the company’s southern stockpiles of cement – meaning new homes ... |
Boral bids for 24h mill at Geelong28 July 2017, Published under Cement NewsAustralian cement producer Boral has applied to the Australian Environmental Protection Authority to run a 24h grinding mill in Geelong’s north. The new facility at the proposed North Shore site will have a capacity of 1.3Mta. “(The new site) is directly adjacent to the wharf complex, which would allow efficient unloading of clinker from ships,” a Boral spokesman said when the company first raised the concept late last year. “Importantly, the site is also surrounded by other large in... |
CEFC finance helps ResourceCo turn waste into fuel22 May 2017, Published under Cement NewsThe Clean Energy Finance Corporation (CEFC), Australia, is lending AUD30m to ResourceCo to build two new plants that will transform selected non-recyclable waste streams into Processed Engineered Fuel (PEF). This solid fuel will initially be used locally but will also be exported as an alternative to coal and gas for cement kilns in Asia. The first plant is to be built at Wetherill Park in Sydney, New South Wales (NSW), and the second in another Australian state yet to be announced. ... |
Vietnam April exports up 6.7%19 May 2017, Published under Cement NewsVietnam exported more than 1.9Mt of cement and clinker, reflecting an export value of US$67.4m, according to the country’s Customs Department. This represents a YoY increase of 6.7 and 7.6 per cent, respectively. In the first four months of the year, the country exported 6.7Mt of cement and clinker, up 12.8 per cent YoY. In terms of value a 7.9 per cent rise to US$235m was reported. Bangladesh and the Philippines were the largest importers, accounting for 37 and 32 per cent, respectively o... |