Fletcher Building posts EBIT growth of 6% in FY23
Fletcher Building’s FY23 financial result continued to build on the progress made in both EBIT levels and EBIT margins over the last several years. “Despite softer residenti...
Australia
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Australia considers carbon tariffs on imported cement and steel
The Australian government is considering the introduction of carbon tariffs on cement and steel imports from countries with lower climate goals. According to The Guardian, Aust...
Cockburn Cement awards contract to SIMPEC
Cockburn Cement , a subsidiary of Adbri , has awarded Australian construction firm SIMPEC with the contract for the expansion of its Kwinana cement plant. The contract is v...
Boral reports 17% YoY jump in revenue in FY23
Australia-based Boral has reported a 17 per cent YoY increase in revenue to AUD3460.6m (US$2267m) in the fiscal year ended 30 June 2023 (FY23). EBITDA over the same period ad...
thyssenKrupp Polysius carry out kiln modernisation for Australian client
In July 2023 thyssenKrupp Polysius’ Service Team in Asia-Pacific successfully completed the modernisation of a cement kiln for a client in Australia. The scope included the in...
Adbri names new CFO
Adbri Ltd has appointed Jared Gashel as its new chief financial officer, effective 5 July 2023. Mr Gashel has more than 20 years’ financial experience in multiple industries ...
Cement Australia extends use of battery electric vehicles
Cement Australia has been granted funding to lease 24 batteries and convert six diesel prime movers in its Melbourne fleet to electric drivetrain. Backed by the Commercial Sect...
James Hardie Industries posts record results
James Hardie Industries has announced record global net sales of US$3777.1m for the fiscal year 2023, ending 31 March 2023, up four per cent YoY. Adjusted EBIT over the same p...
Adbri raises cost of Kwinana project again
Adbri Ltd has confirmed that its Kwinana upgrade has risen in cost once again as inflationary pressures continue to hamper the project. The total project cost is now estima...
Adbri appoints acting chief financial officer
Adbri Ltd has appointed Dianne Mong to the role of acting chief financial officer, effective immediately. Ms Mong was previously general manager finance. She has been with A...