FLSmidth appoints regional presidents for Australia and South America
Tamer 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 execu...
Australia
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Adelaide Brighton returns to profit in the 1H20
Australia’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. ...
Alcoa will not renew lime supply contract from AdBri subsidiary
Adelaide 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 ...
Boral appoints new CEO/MD
Australia-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 S...
Boral wins Wagners supply case
Wagners 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 riva...
Boral announces new measures to control inventory levels
The 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 m...
Pandemic to seriously affect global cement trade
At 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 re...
Moody's changes Boral's outlook to negative
Moody’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 nega...
Adelaide Brighton pulls 2020 profit guidance
Australia’s Adelaide Brighton has pulled its 2020 profit guidance due to the economic uncertainty resulting from the coronavirus pandemic, but noted it has AUD450m (US$274.55m)...
Australian contractors on the brink of collapse
Australia's construction industry is said to be on the brink of collapse, according to John Holland's CEO, Joe Barr. The building contractor reported losses of US$1bn in Februa...