Adelaide Brighton expecting sales gain

Construction materials group Adelaide Brighton says it
expects a slight improvement on sales this year in the areas of clinker, cement
and lime.

News.com.au reports that the company told shareholders at
its annual meeting yesterday that it will also make $2 million in savings as a
result of a corporate restructure.

As The Australian reports, Adelaide Brighton said price rise
for all its products, combined with increasing demand and the lower Australian
dollar would have a positive impact.

Furthermore, the company nominated the scrapping of the
carbon tax and savings on transport because of cheaper petrol as factors which
are improving its outlook.

Last year, the group spent $174m on new acquisitions in an
effort to break into new markets.

These acquisitions included a quarry at Angston previously owned
by Penrice Soda, South Australia’s Direct Mix Concrete (DMC) and Southern
Quarries; and Townsville’s BM Webb Construction Materials.

Adelaide Brighton shares rose 22 cents, or 4.8 per cent, to
close at $4.80.

Image: Adelaide Now

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