Adelaide Brighton boosted by east coast demand

Various sources are reporting that construction materials supplier Adelaide Brighton is expecting improved sales in several of its key products, largely due to demand from east coast markets.

Chief executive Martin Brydon told the company's annual general meeting that the company expects 2016 sales volumes of cement and clinker to be similar or slightly less than in 2015.

Cement and clinker markets in South Australia and NSW were stronger, Victoria and southeast Queensland were stable and Western Australia and the Northern Territory were weaker.

Cement sales generated 47% of Adelaide Brighton's revenue in 2015.

But the company expects significant growth in sales of pre-mixed concrete, and aggregate sales volumes, in 2016, due to stronger east coast markets.

Sales of concrete products are also expected to be better than in 2015.

Adelaide Brighton made a record annual profit of $208 million in the 2015 calendar year.

Edited from sources by Joseph Green. Sources: SBS, Franklin Independent, Adelaide Now

Read the article online at: https://www.worldcement.com/asia-pacific-rim/26052016/adelaide-brighton-boosted-east-coast-demand-178/