Monday, 13 November, 2017 - 11:37
AdBri probes 'hidden' underpayments
Cement and masonry supplier Adelaide Brighton, which owns Cockburn Cement, is investigating some transactions that may have hidden customer underpayments for supplied products.
Adbri (formerly known as Adelaide Brighton) is an integrated construction materials and lime producing group of companies focused on the engineering, infrastructure and resource sectors.
The Group's activities are the production of clinker, cement and lime products, premixed concrete and aggregates, and concrete products. Its brands include Adelaide Brighton Cement, Cockburn Cement, HY-TEC Industries, Morgan Cement International, Swan Cement, Northern Cement, and Adbri Masonry. It also has 50% joint ventures in Sunstate Cement, and Independent Cement and Lime.
Adelaide Brighton originated in 1882 and is now an S&P/ASX 200 company with operations in all Australian states and territories.
In May 2020, Adelaide Brighton changed its name to Adbri.
Adbri delisted from the ASX in 2024 after CRH acquired all remaining shares not owned by Barro Group.
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Cement and masonry supplier Adelaide Brighton, which owns Cockburn Cement, is investigating some transactions that may have hidden customer underpayments for supplied products.
Ausdrill has announced its chief financial officer Theresa Mlikota will leave company within the next three months to undertake the same role at ASX-listed construction materials and lime producer Adelaide Brighton.
Newly appointed Boral chief executive Zlatko Todorcevski says there are no sacred cows in the company portfolio as he attempts to improve on recent disappointing results.
Adbri subsidiary Cockburn Cement is expected to cut up to 50 jobs after Alcoa of Australia did not renew its contract to purchase about $70 million of lime each year.
Cockburn Cement owner Adbri has announced it is moving forward with a $199 million investment to consolidate its cement operations into one facility.
Adbri will continue supplying lime to the Worsley Alumina refinery in WA after securing a five-year contract extension with the plant's majority owner, South32.
About $2.5 billion of projects are likely or under way near Kwinana as the industrial precinct gains a greener tinge.
Fortescue Metals Group and Curtin University are part of a consortium to research low-carbon iron pellets, cement and alumina, which received $39 million from the federal government today.
Adbri has highlighted the importance of domestic manufacturing as it commenced a major upgrade of its Cockburn Cement operations and evaluates regional investments.
Adbri subsidiary Cockburn Cement has received a small extension to its contract with Alcoa of Australia, worth at least $25 million.
WA’s largest residential builder is back on the market, three years after BGC postponed the sales process. The proceeds will flow to the children of company founder Len Buckeridge.
Corporate advisers expect a more difficult market after a very buoyant period, but also see a silver lining.
Shares in Adbri fell sharply today after the ASX company reported a fall in net profit and provided updates on major projects at Kwinana and Kalgoorlie.
Adbri’s Kwinana cement project is looking at cost overruns in the order of up to $90 million-plus, joining a litany of WA projects hamstrung by labour constraints and high input costs.
Our weekly appointments wrap includes Sharyn O’Neill, Thao Pham, Theresa Mlikota, Cecile Wake, Tony Nunan, Georgia Malone, Danielle Antaki, Monica Kane, Malinda Nixon and Luke Bortoli.
Manufacturer Adbri has informed the market of another major cost blowout of its Kwinana cement project which is now expected to cost up to $420 million.
The pipeline of big resources projects in WA increasingly features complex processing plants, despite a spate of large cost blowouts on projects currently under way.
Adbri subsidiary Cockburn Cement has awarded SIMPEC a $105 million contract for work on its Kwinana plant expansion, which has been estimated to cost up to $420 million.
A WA cement producer has successfully appealed for a reduced fine after being found guilty of releasing emissions with an “offensive” and “horrendous” odour.
A trial to reduce odour emissions from Cockburn Cement is being probed over concerns it failed to adequately test how well a new system would work under normal operation conditions.
Cockburn Cement owner Adbri has unanimously backed a proposal for the Adelaide-based company to be taken over by consortium involving New York Stock Exchange-listed CRH and Victoria's Barro Group.
Workers at Cockburn Cement, one of the state’s largest concrete manufacturers, have voted in favour of strike action as enterprise negotiations between the company and unions escalate.
Name | Position | Year Started |
---|---|---|
Interim Chief Executive
|
2022 | |
Communications Adviser, Cement & Lime Division
|
2016 | |
Executive Chairman, Executive Director
|
2024 | |
Non-Executive Director, Chair since 2019
|
2008 | |
Non-Executive Director
|
2019 | |
Non-Executive Director
|
2022 | |
Non-Executive Director
|
2023 | |
Non-Executive Director, Deputy Chair
|
2022 | |
Non-Executive Director
Non-Executive Director (ended 2022) |
||
Non-Executive Director
|
2021 | |
Non-Executive Director
|
2021 | |
Non-Executive Director
|
2010 | |
Non-Executive Director
|
2019 | |
Non-Executive Director
|
2018 | |
Non-Executive Director
|
2021 | |
General Counsel, Company Secretary
|
||
General Manager Corporate Finance and Investor Relations, Company Secretary
|
Name | Position | Year Started | Year Ended |
---|---|---|---|
Non-Executive Director, Deputy Chair since 2020
|
2018 | 2023 | |
Chief Executive, Managing Director since 2021
|
2019 | 2022 | |
Non-Executive Director
|
2022 | ||
Chief Financial Officer
|
2019 | 2022 | |
External Advisor
|
2020 | 2021 | |
Executive General Manager, Cement & Lime
|
2016 | 2020 | |
Non-Executive Deputy Chair
|
2019 | 2020 | |
Non-Executive Director
|
2011 | 2019 | |
Chief Executive, Managing Director since 2015
|
2014 | 2019 | |
Non-Executive Director, Chair since May 2018
|
2017 | 2019 | |
Non-Executive Director
|
2018 | ||
Non-Executive Director
|
2004 | 2018 | |
Regional Executive General Manager, WA & NT
|
2014 | 2016 | |
Deputy Chief Executive
|
2014 | 2014 | |
Executive General Manager, Cement & Lime
|
2006 | 2014 | |
Managing Director, Chief Executive
|
2000 | 2014 | |
Analyst Programmer
|
2000 | 2007 | |
Executive General Manager, Strategy & Business Development
|
2001 | 2006 | |
Executive Director
|
2002 | ||
Group General Manager, Western Division
|
1999 | 2001 | |
Chief Executive Officer
|
|||
Non-Executive Chairman
|
|||
Non-Executive Director
|
|||
Executive Director
|
|||
Non-Executive Director
|
2022 | ||
Executive Director
|
|||
Non-Executive Director
|
2022 | ||
Non-Executive Director
|
2022 | ||
Non-Executive Director, Chair
|
|||
Chief Executive Officer, Managing Director
|
|||
Non-Executive Director
|
|||
Non-Executive Chairman, Non-Executive Director
|
Project Name | Role | Category | Product | Cost (Estimated) | Status | |
---|---|---|---|---|---|---|
Owner/Developer | Mining | Cement Production Facility | $420.00m | Completed | >> |