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Adelaide Brighton

February 2024

Cement maker Adbri, previously known as Adelaide Brighton, has agreed to a $2.1 billion buyout from Irish group CRH.

Irish giant CRH’s $2.1b bid wins over Adbri

The independent directors of cement maker Adbri have agreed to the $3.20-per-share offer from NY-listed Irish group CRH.

  • Simon Evans

December 2023

The ACCC has been closely monitoring the cement and concrete industry for years.

Irish cement giant’s bid partner Barro is both friend and foe

Raymond Barro, chairman of Adbri, says the Barro family-owned business of 20 concrete plants in Victoria and Queensland is excluded from the deal.

  • Simon Evans
Falling rates and rising markets have helped get deals moving again.

What’s behind Monday’s $5b deal frenzy

A burst of pre-Christmas deals isn’t unusual. But the impressive market rally in the past six weeks has helped unstick some deals that have been simmering for some time. 

  • James Thomson
Adbri is one of the biggest suppliers of cement, concrete and lime to the construction industries.

Irish giant CRH and Barro family in $2.1b bid for Adbri

The cement maker’s shares jump 33pc after the $3.20 a share proposal, as Victoria’s Barro family join forces with the NYSE-listed CRH.

  • Simon Evans

September 2023

Transurban, Australia’s biggest builder of toll roads, could be a casualty of a carbon border adjustment tax because of the amount of cement local producers import.

‘Perverse outcomes’ of carbon border tax revealed

Climate and Energy Minister Chris Bowen should let the Safeguard Mechanism find its feet, and adjust it, before erecting a carbon tollgate at the border. 

  • Ben Potter
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Carbon border tax could expose BlueScope, Transurban

A carbon border adjustment tax would raise much more from the cement industry than the steel industry, and is a missed opportunity, according to UBS.

  • Ben Potter

February 2023

Adbri is one of the biggest suppliers of cement, concrete and lime to the construction industries.

Adbri says Adelaide cement plant at risk in carbon safeguard rules

The cement group’s shares tumbled as it scrapped a final dividend and warned on the future of the Adelaide plant’s 300 workers.

  • Simon Evans

January 2023

Vanessa Guthrie is exiting from one of Australia’s biggest cement groups, Adbri. She was the deputy chair and lead independent director.

Vanessa Guthrie exits in latest shake-up at Adbri

Vanessa Guthrie’s resignation as deputy chairwoman is the latest change at the top after former chief executive Nick Miller was jettisoned in October.

  • Simon Evans

Labor’s plan ‘won’t work without carbon capture’

An Australian company leading the world on the decarbonisation of heavy industries says more support is needed in the form of carbon capture and storage.

  • Peter Ker

October 2022

Cement producer Adbri has watched its margins shrink even though end demand for products is strong.

Adbri loses $1b in value in six months

The former chief commercial officer at OZ Minerals is coming in as a short-term replacement for chief executive Nick Miller, with the board losing patience.

  • Updated
  • Simon Evans

August 2022

Adbri chief executive Nick Miller says the group has tilted its business further towards infrastructure and mining to make it less dependent on housing construction.

Adbri in $300m share price wipeout as costs surge

Wet weather and rocketing fuel and energy costs have hit profit margins at one of Australia’s biggest cement and concrete groups.

  • Updated
  • Simon Evans

June 2022

The proposed hydrogen hub would be part of the transition plan for AGL’s Torrens Island power station site in Adelaide, South Australia.

AGL, Brickworks plan hydrogen hub in Adelaide

The eight-strong consortium examining a hydrogen plant in Adelaide also includes partners from major Asian corporates in Japan and South Korea.

  • Angela Macdonald-Smith

May 2022

Adbri chief executive Nick Miller and chief sustainability and people officer Rebecca Irwin.

Cement groups need tech breakthrough for big emissions cuts

Adbri, Australia’s largest cement group, aims to steadily reduce emissions in its core businesses, but all players need a big bang solution.

  • Simon Evans

November 2021

CSR chief executive Julie Coates says the time taken for new houses to be constructed is getting longer because of disruptions in supply chains.

CSR boss says new home building timelines blowing out

The maker of PGH bricks and Gyprock plasterboard hiked its dividend after a robust lift in profits as detached housing demand climbed.

  • Simon Evans

October 2021

Adbri is the biggest cement group in Australia and has complex dynamics in the boadroom because its major shareholder Barro Group owns 43 per cent and is a rival too.

Adbri boardroom reshuffle as CEO pay packet rises

Chairman Raymond Barro from Barro Group, which owns 43 per cent of Adbri, says he is recruiting another independent director.

  • Simon Evans
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Vanessa Guthrie is the lead independent director at Australia’s biggest cement group Adbri and says the corporate governance framework was rigorously applied.

Adbri and Barro step through boardroom minefield

Adbri’s largest shareholder, Barro Group, has joined forces with the cement group to buy Metro Quarry in Victoria.

  • Simon Evans

August 2021

Detached housing construction has been strong.

Lockdowns bring profit hit for cement maker Adbri

Australia’s biggest cement maker is eyeing contract wins in the $130 billion of infrastructure projects coming in the next two years.

  • Simon Evans

May 2021

Ready-mixed concrete is a fragmented industry in Australia.

Adbri on the hunt for concrete acquisitions

Ready-mixed concrete is one of the segments where Adbri wants to step on the gas.

  • Simon Evans

Improved building materials demand faces supply chain obstacles

Improving demand for building materials is being slowed down as COVID-19 continues to wreak havoc on global supply chains.

  • Alex Gluyas

April 2021

An artists’s impression of parts of the Western Sydney Aerotropolis, a new ‘economic corridor’ surrounding the second Sydney airport.

Adbri eyes $150 billion infrastructure boom

The chief executive of the cement and quarry group says $150 billion of infrastructure projects will offset any softness in house building.

  • Simon Evans

Original URL: https://www.afr.com/company/asx/abc