The federal government has awarded building materials group Adbri a $50 million grant as part of the Commonwealth’s Powering the Regions Fund which will speed decarbonisation of hard to abate cement production. The funds will increase capacity and production of lower carbon cementitious products at the company’s Birkenhead, Adelaide cement plant, South Australia’s largest. The…
The directors of building products group Adbri have entered into a scheme implementation deed under which a consortium of global building supplies group CRH plc and local premixed concrete supplier Barro Group will acquire the company. The partners made a non-binding offer valuing cement and lime manufacturer Adbri at $2.1 billion. Barro Group already owns…
Veteran building products supplier Adbri could be the latest Australian manufacturer to fall to overseas control following an offer from a consortium of global building supplies group CRH plc and local premixed concrete supplier Barro Group. The partners have submitted a non-binding offer pitched at 9x EBITDA profit and a 41 percent premium to the…
Building products group Adbri has accelerated the review of the ballooning cost of its $199 million investment in upgrading its Kwinana cement plant in Western Australia. The project will consolidate Adbri’s two existing cement production sites into a single operation serving the WA market, however it is being reviewed following the appointment of Interim CEO…
Low emission industrial technology company Calix has moved to raise $80 million from investors to fund its share of planned low emission processing plants being constructed with Australian building products companies Boral and Adbri. The plants, which will utilise Calix’s new kiln technology enabling the capture of CO2 in the manufacture of cement and lime,…
Cement and lime manufacturer Adbri’s first half, 2022 profit result reflects the underlying strength of the construction sector and the recovery underway in the mining industry, as well as the ability of companies to recover some of recent cost increases from customers through higher prices. The company, formerly Adelaide Brighton, reported underlying net profit after…
Cement and lime manufacturer Adbri has launched an ambitious plan to decarbonise its emissions intensive processes and operations and has announced a goal of net zero emissions by 2050. The company’s detailed net zero emissions roadmap released today calls for action on reducing emissions, developing new products and collaborating with Australian low emissions technology company…
Building products group Adbri has bolstered its position in Queensland markets, spending $58 million to buy Zanow’s Concrete And Quarries. Zanow’s owns two concrete plants and sand, gravel and hard rock quarries in western Brisbane, and comes with approvals for further expansion. The purchase is being made at an EBITDA multiple of 8.5 times and…
Construction materials and industrial mineral manufacturing company Adbri has announced its aspiration to achieve net zero carbon emissions by 2050 with implications for the ongoing future for what is one of Australia’s most carbon-intensive industries. The leading cement, concrete and building products producer told investors its board and management were accessing medium and long term…
By Peter Roberts @AuManufacturing has been extensively covering moves globally towards low and zero emissions cement and steel production. Removing carbon emissions from these vital construction materials is vital if the world economy is to transition to a greener future. Now a new agreement between industrial process technology company Calix and major cement producer Adbri…
