Australia: Adelaide Brighton sales boost
Adelaide Brighton expects improved sales in several of its key products largely due to demand from east coast markets. Martin Brydon, Adelaide Brighton chief executive, said ...
Australia
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Semen Indonesia to invest US$2.2bn over next five years
Semen Indonesia President Director, Rizkan Chandra, has announced that his company is to invest IDR30tn (US$2.2bn) over the next five years. The funding will be split between e...
Australian cement companies fined AUD18.62m
After the Australian Competition and Consumer Commission (ACCC) brought the proceedings against four Australian cement manufacturers in 2008, the Federal Court has finally orde...
LafargeHolcim’s US$3bn spin-off in the making?
LafargeHolcim is reported to have chosen Citi and JP Morgan to explore the sale of its US$3bn Australasian operations, according to the Business Spectator. The news follows ...
FCT named in the top 100 South Australian companies
FCT has announced that it has been named by Australian InDaily SA Business Index in the top 100 South Australian companies. “With their bursts of hot, red flames pumping o...
LH says its Australian and New Zealand operations are not up for sale
LafargeHolcim said its Australian and New Zealand operations are not currently on the sale block, according to Bloomberg reports following press speculation at the end of last ...
Moody's upgrades Boral's long-term rating to Baa2; outlook stable
Moody's Investors Service has upgraded Boral Limited's issuer rating and senior unsecured rating to Baa2 from Baa3. The outlook on this rating changed to stable from positive. ...
Karen Moses to join the Board of Boral Ltd
Dr Brian Clark, chairman elect of Boral, yesterday announced that Karen Moses has been appointed as a non-executive Director of Boral Limited, effective 1 March 2016. Ms Mose...
Boral's pre-tax profit rises by 38.9%
Boral's turnover in its financial year to the end of June 2015 declined by 15.2 per cent to AUD4415m (EUR2893m) but the EBITDA improved by 8.8 per cent to AUD605m (EUR396m). Th...
AdBri sees strong rise in half-year profit
Adelaide Brighton Ltd reported net profit after tax for the half year ended 30 June 2015 of AUD82.6m, an increase of 61.3 per cent compared to the previous corresponding period...