Adelaide Brighton Stirs Cement Speculation

A single contract supply agreement in the cement industry will be terminated at the end of this year. The announcement has sparked speculation over a complex chain reaction among cement suppliers which is difficult to quantify. For the moment, Adelaide Brighton’s (ABC) major cement customer in South Australia and Western Australia, Cement Australia, is not expected to extend the current SA supply agreement beyond the end of 2014. Instead, Cement Australia intends to expand facilities in Osbourne, South Australia, and bring in its own volumes.

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Going A Bit Rough For Adelaide Brighton

Quarry, concrete product and cement producer Adelaide Brighton (ABC) used a tour of its Austen quarry, NSW, to let brokers know that the going has been a bit rough. The company is constrained by the wobbly local recovery in housing construction, particularly softness in Victoria, as well as the reduction in mining project expenditure. The Austen quarry is viewed as a key asset that could deliver improved results for the company.

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