Cement News tagged under: Australia
Boral sharply improves net profit12 February 2014, Published under Cement NewsBoral reported that turnover for the six months to the end of December was ahead by 3.6 per cent to AUD2874m (EUR1894m) and EBITDA rose by 16.3 per cent to AUD307m (EUR202m). The trading profit advanced by some 49 per cent to AUD168m (EUR111m) and after a net interest charge six per cent lower at AUD47m (EUR31m) and a higher tax charge, the net attributable profit before exceptional items emerged some 73 per cent ahead at AUD90m (EUR59m). Net debt at the end of December was 7.4 per... |
Adelaide Brighton CEO to retire, Australia18 December 2013, Published under Cement NewsMark Chellew, managing director and CEO of Adelaide Brighton, is to retire following the company's AGM in May 2014 and be replaced by Martin Brydon, Adelaide Brighton’s current executive general manager Cement and Lime division. Chairman, Mr Les Hosking, paid tribute to Mr. Chellew, saying: "Over nearly 13 years in charge of Adelaide Brighton, Mark has been one of the most successful ASX listed company Chief Executives and generated significant value for our shareholders. “This is reflecte... |
Australia: Kandos Cement plant set to be dismantled13 December 2013, Published under Cement NewsAn application to demolish parts of the Kandos Cement Works will be considered at Mid-Western Regional Council’s meeting next Wednesday. The demolition would allow for the future use of the site, although some structures are said to have significant historic and cultural importance for the town. Cement Australia has submitted the application to demolish some structures, gut and fill voids below surface level, remove waste at the cement works site at Jamison Street, which closed in 2011. T... |
Australia: Adelaide Brighton achieves higher profit22 August 2013, Published under Cement NewsWhile sales volumes for the full year to December at Adelaide Brighton are expected to be similar to 2012, the company is making headway on revenue earnings. It reported a 4.5 per cent increase in revenue to a record half-year result of AUD579.3m (US$520.7m) and a 2.9 per cent increase in underlying net profit after tax to AUD60.9m for the half year ended June. A a number of projects are expected to offset a continuing weak trend in residential and non-residential building demand, which wi... |
Cement Australia fined AUD100,000 after worker's death22 August 2013, Published under Cement NewsCement Australia has been found guilty of failing to comply with Australian Standard Safety of Machinery requirements following a worker's death and has been fined AUD100,000 (US$90,080). A conveyor system at Cement Australia's Kandos works was found to be insufficiently guarded when an employee was pinned between two electronic rams. The incident, which took place in 2009, resulted in the death of Mr Colin Fuller who was working unsupervised on a broken sheer pin. A later investigation r... |
Australia: Boral suffers AUD212m annual loss21 August 2013, Published under Cement NewsBoral's net loss in the year to 30 June was down from a AUD177m (US$159.5m) profit in the FY11-12. It suffered a AUD212m (US$191m) annual loss. The fall in revenue was caused mainly by a AUD316m cost in asset write-downs and restructuring. The company also recorded the loss of 2130 jobs. However, underlying profit was AUD104m, up three per cent from the previous year. Chief executive Mike Kane said the company continued to face significant challenges. "We experienced low levels of activity... |
ICL gets green light for New South Wales facility, Australia08 July 2013, Published under Cement NewsIndependent Cement and Lime Pty Ltd (ICL) has received permission to build a cement and ground slag facility in a section of the former BHP Steelworks site at Mayfield North, Newcastle, New South Wales. The plant will receive about 600,000t of dry bulk cement and about 200,000tpa of ground slag, according to the environmental assessment. The cement and ground slag will be imported to the plant by ship and stored in silos before being distributed by truck. It will operate 24-hours a da... |
European Council authorises EU & Australia ETS link19 June 2013, Published under Cement NewsOn 13 May 2013, the European Council adopted a decision authorising the European Commission to open negotiations regarding the linking of the EU Emissions Trading Scheme (EU ETS) with an emissions trading scheme in Australia. The step is a precursor to the linking up of the two ETSs by 1 July 2018 and follows the agreement reached between the Commission and Australia in August 2012 to establish a full two-way link between the EU ETS and the Australian ETS. Under the programme, businesses ... |
Boral's 3Q earnings hit by weak residential market, Australia06 May 2013, Published under Cement NewsAustralian building materials major, Boral Ltd, announced that continued weakness in the domestic housing sector and weaker-than-expected results from its Construction Materials and Building Products operations adversely impacted its third quarter earnings. In a recent trading statement, the company said it now expects its net profit before one-off items to 30 June 2013 to be in the range A$90m to A$105m, assuming a further US$10m from property sales yet to be finalised. That would compa... |
Boral consolidates Australian construction and cement divisions04 March 2013, Published under Cement NewsBuilding materials producer Boral Ltd has said it will consolidate its Australian construction materials and cement segments into one Australian division as part of ongoing restructuring initiatives. As a result of the merger, Joseph Goss has been appointed Divisional Managing Director, Boral Construction Materials and Cement, effective 1 April 2013. Mr Murray Read’s position of Divisional Managing Director, Boral Construction Materials will be made redundant and Mr Read will leave the or... |