NewsBite

Incitec Pivot

November

Victoria’s WFH laws may kill internships at Bosch

Bosch Australia president Gavin Smith says he despairs for Victoria’s future under work-from-home laws that may prompt his company to stop offering internships

Mauro Neves, a former BHP executive, started in January 2024 as the CEO of Dyno Nobel.

Questions over gas supply push Dyno to value Phosphate Hill at zero

The $149 million impairment to the fertiliser division comes despite the operation being more profitable this year. It is considering shuttering the plant.

May

Making the fertiliser used to grow crops is very energy intensive.

Gas prices leave another factory teetering

Dyno Nobel has warned it might be forced to close a major plant that makes fertiliser used to grow crops due to high gas costs.

Gas has been caught in the carbon debate and become too expensive for local manufacturers.

Firesale shows Australia has squandered a huge advantage

Access to cheap energy should not be the thing holding back business in 2025. Yet, here we are.

Incitec Pivot chief executive Mauro Neves.

Dyno Nobel inks $375m deal for fertiliser distribution business

The group is expected to announce the separation of fertilisers as part of a package of updates at its half-year results on Monday.

Advertisement

March

What trade war? ASX’s manufacturers shrug off Trump

The US president’s imposition of sweeping tariffs roiled global markets and fanned fears of a growth slowdown. But ASX manufacturing bosses are not alarmed.

January

Investors are already sifting through the market’s trash of 2024 to find treasure.

‘Don’t be a hero’: why investors should stick to buying winners

MST has urged clients to resist snapping up last year’s worst performing ASX stocks as value seekers sift through the rubble in the hope of finding a comeback kid.

November 2024

Mauro Neves started as chief executive of Incitec Pivot earlier this year.

Incitec Pivot unwinds fertiliser business as write-offs spike to $1b

The company’s new chief executive, Mauro Neves, says he wants to offload the division by the end of next year. And he expects strong economic growth in the US.

IPF spreads a little wisdom to keep farmers in fertiliser

Incitec Pivot Fertilisers has won the Established Business to Business category in The Australian Financial Review Customer Champions list 2024.

cartoon image

How to give customers and investors what they want

Meeting the expectations of increasingly demanding customers while satisfying investors with strong returns requires more than just good intentions.

Vikas Rambal is the chairman of Perdaman.

Is it third time lucky for this little-known manufacturing billionaire?

Vikas Rambal is thinking big. After trying his hand at two fertiliser plants in Western Australia, the businessman is plotting his largest project yet.

July 2024

That cool op-shop jacket could earn you carbon credits

Federal regulators are considering a proposal to offer financial incentives to consumers who buy second-hand clothes.

Labor’s hydrogen dream stalls as Fortescue slims down H2 vision

Fortescue will cut 700 jobs and slow its push into green hydrogen in a blow to the Albanese government’s plan to make Australia a hydrogen superpower supported by more than $8 billion of taxpayer funded incentives.

Mauro Neves was supposed to be running an explosives maker that feeds the mining industry.

Spilt milk everywhere as Incitec pivots, again

We have another “deal yourself in, deal yourself out” situation. And it isn’t pretty.

xx

Wall Street’s big run; Incitec dumps sale talks; Inside Biden’s fight

Read everything that’s happened in the news so far today.

Advertisement
Incitec Pivot CEO Mauro Neves has cut off sale talks with its Indonesian suitor for its fertiliser business.

Incitec Pivot ditches fertiliser sale talks with Indonesian buyer

The chemicals giant said it shelved the negotiations due to transaction delays as it flagged a $900 million on-market share buyback would still go ahead.

AgriProve founder Matthew Warnken: “We’re not going to incrementalise our way out of these challenges, which means that now is the opportunity to innovate.”

A farming revolution built on down-to-earth thinking

Increasing carbon levels in grazing lands could remove 10 billion tonnes of greenhouse gas emissions from the atmosphere says the winner of the Agriculture category.

June 2024

Orica CEO Sanjeev Gandhi and chairman Malcolm Broomhead at Orica House in East Melbourne.

What do Nobel, Dulux and Australia’s first high-rise have in common?

From making bricks for the 1956 Olympics to paint, explosives and mining technology company Orica’s long history mirrors the Australian economy.

The Osinnikovskaya coal mine in Osinniki, Russia. Russian miners have been sidelined by sanctions placed on the country by major economies including the United States, the European Union and Australia following the invasion of Ukraine.

Russian mining membership dogs global coal lobby

Now known as FutureCoal, the organisation says it is “agnostic” after appointing a Russian director. Its members include Yancoal, Whitehaven and Incitec Pivot.

May 2024

Incitec Pivot CEO Mauro Neves.

Incitec’s Indonesian suitor has investors brushing up on Cooper’s woes

Indonesian state-owned businesses have not traditionally been major investors in Australia. When they have invested, it has not always turned out well.

Original URL: https://www.afr.com/company/ipl-rd