Displaying items by tag: Adbri

Australia: Adbri’s revenue fell by 4% year-on-year to US$1.15bn in 2020 from US$1.20bn in 2019. Underlying earnings before interest, taxation, depreciation and amortisation (EBITDA) decreased by 3% to US$216m from US$222m. Despite construction growth in Western Australia, cement volumes were reported as being down by 7.1%. The company said that clinker volumes dropped by 23% due to lower offtake by its Sunstake Cement joint venture partner Boral. It added that the impact of the coronavirus pandemic had been ‘well managed’ and that all sites remained operational.

“In the context of the challenging operating environment, the financial outcomes we delivered for the 2020 financial year are better than we had expected and reflect the successes of our cost-out and business improvement programs. Adbri also benefitted from improving demand in the Western Australian market during the period which offset slowing demand in east coast markets, particularly in New South Wales,” said Nick Miller, Adbri’s chief executive officer.

Australia: Adbri subsidiary Cockburn Cement has approved a US$152m upgrade to its Kwinana grinding plant in Western Australia. It says the investment will consolidate the cement operations at its Kwinana site. At present clinker is transported by truck from the Kwinana Bulk Terminal to cement mills at both the Kwinana grinding plant and the company’s integrated plant at Munster. It will increase its production capacity to 1.5Mt/yr from 1.1Mt/yr at present. The project is expected to save the company US$15m/yr due to better energy, transport and maintenance efficiency when the plant is commissioned by mid-2023. The producer will fund the investment through existing debt facilities.

The upgrade project includes: a bulk materials conveyor linking the Kwinana Bulk Terminal (KBT) facility to a new 110,000t clinker storage shed, incorporating an automated reclaim system, to eliminate road transport and minimise clinker handling using mobile equipment; a slag feed system that will handle granulated blast furnace slag and additives such as gypsum and limestone; a ball mill circuit with the installation of two new cement mills capable of grinding slag and clinker; and a new 21,000t finished product storage, truck loading and weighbridge infrastructure for storage and despatch.

Australia: Adelaide Brighton has recorded a net profit of US$21.1m in the first half of 2020, compared to a US$13.0m loss in the first half of 2019. Revenues fell by 7.3% to US$508m from US$548m due to a 12% construction decline over the period, according to the company. Residential construction fell by 16%, however mining and infrastructure activity remained consistent with levels in the first half of 2019. Adelaide Brighton said, “Cement demand is likely to continue to benefit from a strong production outlook for gold, nickel, and iron ore in particular, and stable demand from the alumina sector.”