Cement News tagged under: Australia
BHP grants Adbri cement and lime contract extension15 September 2020, Published under Cement NewsBHP has awarded Adbri a four-year contract extension at the Olympic Dam mine in South Australia. The US$160m contract involves the supply of cement and lime to Olympic Dam, which holds major copper, gold, silver and uranium deposits. The extension will run through to mid-2026 and represents a 20-year supply relationship between Adbri and BHP. Adbri CEO, Nick Miller, thanked BHP for continuing to choose local materials over imported alternatives. “We are pleased to extend our long-term re... |
Wagners reports steep drop in profits for 202031 August 2020, Published under Cement NewsWagners, the Australian construction materials business, reported a lower after-tax pro-forma profit of AUD3.92m (US$2.9m) for its 2020 annual results, down from the AUD13.7m in the prior year. Company CEO, Cameron Coleman, said the cement pricing dispute with competitor Boral, now resolved, and the loss of major infrastructure projects negatively impacted the company over the past 12 months. “The key message that I’m trying to communicate to investors is (the result was because of) redu... |
FLSmidth appoints regional presidents for Australia and South America31 August 2020, Published under Cement NewsTamer Eid has been named by FLSmidth as the company's new president for the Australia region, effective 14 September 2020. Over his career, Mr Eid has held various senior executive and technical roles in the mining and oil and gas sectors. He has also led international service businesses that directly supported the production assets of the world’s leading mining and oil and gas companies. Along with his MBA and Mechanical Engineering degree, he brings with him extensive experience within th... |
Adelaide Brighton returns to profit in the 1H2026 August 2020, Published under Cement NewsAustralia’s Adelaide Brighton has posted a net profit after tax of AUD29.1m (US$20.95m) in the first half of 2020, compared with a net loss of AUD17.9m in the year-ago period. The company’s revenue declined seven per cent YoY to AUD700.7m. The company has reported that COVID-19 left operations largely uninterrupted, while the mining sector and the company’s increased exposure to the infrastructure market supported sales. However, overall cement sales decreased six per cent, although vol... |
Alcoa will not renew lime supply contract from AdBri subsidiary06 July 2020, Published under Cement NewsAdelaide Brighton’s subsidiary, Cockburn Cement has been advised by Alcoa that it will not renew its lime supply contract, which is due to expire on 30 June 2021. The contract generates around AUD70m (US$48.57m) in annual revenue for the group, according to the Financial Review. "We are disappointed with Alcoa’s decision to displace locally manufactured product with imports from multiple sources, particularly considering our almost 50-year uninterrupted supply relationship," said Nick Mill... |
Boral appoints new CEO/MD15 June 2020, Published under Cement NewsAustralia-based Boral Ltd has appointed Zlatko Todorcevski as its new CEO and managing director, effective 1 July 2020. He succeeds Mike Kane, who will retire from Boral in September 2020. Mr Todorcevski has 30 years of experience in Australia and internationally in steel building products, oil and gas, and logistics, working in finance, business planning and strategy roles, including as chief financial officer of Brambles Ltd from 2012 to 2016 and Oil Search from 2009 to 2012. This foll... |
Boral wins Wagners supply case04 June 2020, Published under Cement NewsWagners will make less money from selling cement to Boral, its biggest customer, in future after a court ruled the Queensland construction group must match lower prices of rivals. Justice Bond at the Queensland Supreme Court found that the notice sent by Boral to Wagners that it could buy cement cheaper from Cement Australia was "a valid and effcitive notice." After Boral bought the Queensland group's construction materials business in 2011, it signed a "take or pay" that required it to k... |
Boral announces new measures to control inventory levels18 May 2020, Published under Cement NewsThe chief executive of Australia’s Boral Ltd, Mike Kane, has commented on the reduction of new orders in the Australian and US construction industries, and also announced new measures to stop the build-up of inventory levels in this environment. The company will now close its Berrima cement kiln in New South Wales (NSW) for three weeks in June, as Mr Kane noted it was not possible to run a kiln at partial strength. "You need to turn the kiln on or off,'' he said. The company is now exp... |
Pandemic to seriously affect global cement trade08 May 2020, Published under Cement NewsAt Cemtech's live webinar on the 'seaborne trade of cement and clinker' this week, Ad Ligthart of Cement Distribution Consultants, gave a sobering outlook on global trade in response to COVID-19 and the many government lockdowns that have been implemented worldwide. "Seaborne trade of cement and clinker will be seriously affected," said Mr Ligthart, adding: "There will be a global reduction in cement consumption and the result of that for seaborne trade and distribution is that the drop w... |
Moody's changes Boral's outlook to negative08 April 2020, Published under Cement NewsMoody’s Investor Service has changed its outlook on Australia’s Boral Ltd from stable to negative, while also affirming its Baa2 issue rating. "The change in outlook to negative reflects Moody’s expectation for weak earnings given a significant pull back in housing starts in both the US and Australia. In addition, Moody’s expects certain non-residential construction projects to be delayed or cancelled as a result of broad weakness in economic demand," said the investor service in a statem... |