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 res...
Australia
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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 negative...
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 Februar...
Adelaide Brighton sees revenue down 8% in 2019
Australia’s Adelaide Brighton Ltd has reported a 74.5 per cent YoY fall in net profit to AUD47.2m (US$31.1m) for 2019, decreasing from AUD185.2m in the previous year. Revenue al...
Boral posts lower 1H earnings
Boral Ltd reported a statutory net profit after tax (NPAT) of AUD137m (US$90m) for the half-year ended 31 December 2019, after significant items of AUD20m. The half-year results...
Refratechnik Group acquires QMAG
The Refratechnik Group has entered into a share purchase agreement to acquire 100 per cent of QMAG Ltd, an Australian magnesia producer. QMAG (Queensland Magnesia) is a fully-in...
Adelaide Brighton uses 1Mt of RDF at Birkenhead plant
Adelaide Brighton has now used 1Mt of refuse-derived fuel (RDF) at its Birkenhead facility, South Australia, diverting 2Mt of waste from landfill sites. The Premier of South Aus...
Votorantim
Votorantim is among the companies believed to be interested in buying LafargeHolcim’s Australian and New Zealand divisions, according to The Australian. The cement giant is repo...
Divestment talk of LafargeHolcim's Australian and New Zealand divisions resurface
LafargeHolcim is reported to be considering exiting Australia and New Zealand, according to The Australian. The AUS$2-3bn (US$1.37-1bn) division has been identified as a means f...