Adelaide Brighton expects cement sales to remain flat in 2016

Bymc2008

Updated Thu, 26 May 2016 11:45:50 GMT

Australia: Martin Brydon, the chief executive officer of Adelaide Brighton, has said that the company’s cement and clinker sales volumes in 2016 will be similar or slightly lower than in 2015. He made the comments at the building materials company’s annual general meeting.

Cement and clinker markets were reported to be stronger in South Australia, New South Wales, Victoria and Queensland; and weaker in Western Australia and the Northern Territory. Adelaide Brighton’s cement sales are expected to improve in east coast markets. Cement sales generated 47% of Adelaide Brighton's revenue in 2015.

Adelaide Brighton has raised prices across all products in 2016 due to strong demand and raised costs of imports due to a weaker Australian dollar.