Adelaide Brighton updates its forecast for 2019
Australia’s Adelaide Brighton has issued a profit warning for the 2019 period, stating that its underlying profit is expected to fall around 37 per cent YoY to AUD120-130m (US$...
Australia
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Southern Cross Cement plans new terminal in Brisbane
Australia’s Southern Cross Cement, a joint venture between Brickworks, Neilsen Group and Neumann Group, has announced an AUD60m (US$42.19m) investment for a new cement terminal...
thyssenkrup Industrial Solutions opens new service centre in Australia
thyssenkrupp Industrial Solutions has opened a new service centre in Brisbane, Australia, on 14 May 2019. The new facility is ideally located to support thyssenkrupp’s customer...
Adelaide Brighton issues profit warning for 2019
Australia's Adelaide Brighton has warned that profits for 2019 could be 10-15 per cent lower than the AUD190.1m (US$133m) recorded in 2018, due to weaker demand in residential ...
Wagners suspends cement supply to Boral
Wagners Holding Co Ltd has suspended the supply of cement to Boral Ltd for six months after Boral had issued a third-party pricing notice to Wagners under their cement supply a...
Adelaide Brighton posts 1% fall in net profit in 2018
Australian cement producer Adelaide Brighton posted a 1.4 per cent decline in net profit to AUD185.3m (US$131.5m) in 2018 as cement margins declined and slower growth in South ...
Boral releases revised FY19 guidance
Boral Ltd announced that it expects net profits after tax for 1HFY19 to be around AUD200m (US$142.6m) and EBITDA to be approximately AUD483m. Excluding the impact of lower ear...
Holcim Australia announces new CEO
Following the commencement of Nick Miller’s duties as CEO of Adelaide Brighton last week, the company has announced the departure of George Agriogiannis, executive general mana...
Fletcher building hit by Golden Bay shutdown and Australian residential market
Fletcher Building Ltd's performance has been impacted by trading conditions and a four-week shutdown of subsidiary Golden Bay Cement which cost in the range of NZD8-11m (US$5.4...
New levy to increase input costs for Australian manufacturers
Australian manufacturers and industry groups have warned that a new "biosecurity levy" would increase costs by 3000-5000 per cent on the key inputs for cement production, alumi...