Type | Private (subsidiary of Cemex) |
---|---|
Industry | Cement |
Founded | 1926 |
Founder | Marshall Rinker A.V. Hansen |
Defunct | 2009 |
Successor | Cemex |
Headquarters | Australia |
Area served | worldwide |
Products | Cement Ready-mix concrete Construction aggregates |
Number of employees | 14,000 (2003) |
Website | (Formerly) www.rinker.com.au |
The Rinker Group was an Australian-headquartered multinational building products company. Before its acquisition by Cemex, it was listed on both the Australian Securities Exchange and the New York Stock Exchange.
The business was on-sold by Cemex to Holcim in 2009 and now operates under the banner of Holcim (Australia) Pty Ltd.
Rinker operated three major divisions:
Rinker Group was established as a separate entity in 2003 through its demerger from CSR Limited. CSR had earlier purchased Rinker Materials, which was founded by Marshall "Doc" Rinker and A.V. Hansen in 1926. The company has approximately 14,000 employees and as of 2004 has sales of around US$3,700 million and a market capitalization of about US$5 billion. Its net profit was US$492 million in the 2003-04 financial year.
In the Companies Target Statement over Cemex's takeover bid they showed the group's result from 98 (they were at this time owned by Commonwealth Sugar Refineries). They revealed that the compound average growth rate for EBITDA is 24.8 while sales grew at 14.3% average compound. Taking these figures it's evident that in nine fiscal years, their EBITDA margin has doubled from 14% to 28%. This means on average over the last 9 years 32.9% of any amount that sales grow by (14.3%) will result in 32.9% sales growth directly translated into EBITDA.
Rinker Group was acquired by CEMEX, the world's third-largest cement producer, through its subsidiary CEMEX Australia Pty Ltd. in a US$14.2 billion takeover bid. As of June 2007, CEMEX owned a 67.3% stake in Rinker Group. The chief executive officer was David Clarke, who had long worked in CSR's heavy building products division. The chairman of the board of directors was Hector Medina, executive vice-president of CEMEX. The other board members were also nominees from CEMEX.
CEMEX Australia was sold to Holcim in June 2009 as part of an AUD 2 billion takeover bid and is now known as Holcim Australia. The deal included the Readymix and Humes business units and CEMEX's 25% stake in Cement Australia (one of Australia's major cement manufacturers) but did not include the US-based Rinker Materials Corporation. [2] In 2016, Cemex sold its Rinker Materials pipe business to Quikrete. [3]
The company's corporate headquarters are located in Chatswood, a Sydney suburb.
CRH plc is an international group of diversified building materials businesses whose headquarters is in Dublin, Ireland. It manufactures and supplies a wide range of products for the construction industry. The group was formed through a 1970 merger of two leading Irish public companies, Cement Limited and Roadstone Limited (1949). CRH's primary listings are on the London Stock Exchange and on Euronext Dublin, but from 25 September 2023 its primary listing will be on the New York Stock Exchange.
CSR Limited is a major Australian industrial company, producing building products and having a 25% share in the Tomago aluminium smelter located near Newcastle, New South Wales. It is publicly traded on the Australian Securities Exchange. In 2021, it had over 3,000 employees and reported an after-tax profit of $146 million. The company has a diversified shareholding with predominantly Australian fund managers and retail owners. The group's corporate headquarters is in North Ryde, Sydney.
CEMEX S.A.B. de C.V., known as Cemex, is a Mexican multinational building materials company headquartered in San Pedro, near Monterrey, Nuevo León, Mexico. It manufactures and distributes cement, ready-mix concrete and aggregates in more than 50 countries. In 2020 it was ranked as the 5th largest cement company in the world, at 87.09 million tonnes.
Hanson UK is the former name of Heidelberg Materials. Originally known as Hanson Trust plc, it is a British-based building materials company, headquartered in Maidenhead. The company has been a subsidiary of the German company HeidelbergCement since August 2007, and was formerly listed on the London Stock Exchange and a constituent of the FTSE 100 Index.
Holcim is a Swiss-based global building materials and aggregates flagship division of the Holcim Group. The original company was merged on 10 July 2015 with Lafarge to form LafargeHolcim as the new company and renamed to Holcim Group in 2021. When the merger was completed, the Holcim brand remain active within the group.
ACC Limited an Indian cement producer, headquartered in Mumbai. It is a subsidiary of Ambuja Cements and a part of the Adani Group. On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. The company was established in Mumbai, Maharashtra on 1 August 1936.
Boral Limited is an Australia-based integrated construction materials company. The Company is engaged in producing and selling a broad range of construction materials including quarry products, cement, concrete, asphalt and recycled materials. The Company's segments include Construction Materials and Property. The Company's Construction Materials segment operates across Australia and offers quarries, concrete, asphalt, landfill, cement, recycling, transport and placing. Its Property segment is engaged in the development or divestment of surplus properties. The Company's products are offered to end-use markets, which include residential and non-residential construction and the engineering and infrastructure markets. With revenue for total operations of A$3.46 billion (2023), Boral has about 7,500 employees and contractors working across 360 operating and distribution sites. Its headquarters are located in Sydney, Australia.
Italcementi is an Italian multinational company, quoted on the Borsa Italiana, which produces cement, ready-mix concrete and construction aggregates. In 2015, 45% of Italcementi was acquired by HeidelbergCement, together forming the world's second largest cement producer.
Heidelberg Materials is a German multinational building materials company headquartered in Heidelberg, Germany. Formerly known as HeidelbergCement AG, the company has rebranded as Heidelberg Materials in September 2022. It is a DAX corporation and stands as one of the world's largest building materials companies. On 1 July 2016, HeidelbergCement AG completed the acquisition of a 45% shareholding in Italcementi. This acquisition made HeidelbergCement the number one producer of construction aggregates, the second-largest in cement and the third-largest in ready-mixed concrete worldwide. In the 2020 Forbes Global 2000, HeidelbergCement was ranked as the 678th -largest public company in the world.
The Xella Group with headquarters in Duisburg, Germany, develops, manufactures and markets building and insulation materials.
Viterra began as a Canadian grain handling business, the nation's largest grain handler, with its historic formative roots in prairie grain-handling cooperatives, among them the iconic Saskatchewan Wheat Pool. Viterra Inc grew into a global agri-business with operations in Canada, the United States, Australia, New Zealand and China. Viterra operated three distinct, inter-related businesses: Grain Handling & Marketing, Agri-Products and Processing, enabling it to generate earnings at various points on the food production chain from field to the table. Following its $6.1-billion acquisition by Glencore International, on 1 January 2013, Viterra was merged with Glencore purchaser, 8115222 Canada Inc., headquartered in Rotterdam, the Netherlands.
Buzzi Unicem S.p.A. is an Italian company, quoted on the Borsa Italiana, which produces cement, ready-mix concrete, and construction aggregates. Its headquarters are in the town of Casale Monferrato which was once known as the Italian ‘cement capital’. Today it has subsidiaries, interests and operations in Italy, Luxembourg, Germany, Algeria and Eastern Europe as well as in North America.
Brickworks is Australia's largest brick manufacturer, consisting of four divisions – Building Products Australia, Building Products North America, Industrial Property, and Investments.
Hanson Australia is a premixed concrete, aggregates and precast company. Founded in 1949 as Pioneer Concrete and later re-branded to Pioneer International, it was taken over by Hanson in 1999.
Tarmac is a British building materials company headquartered in Solihull, England. The company was formed as Lafarge Tarmac in March 2013, by the merger of Anglo American's Tarmac UK and Lafarge's operations in the United Kingdom. In July 2014, Anglo American agreed to sell its stake to Lafarge, to assist Lafarge in its merger with Holcim and allay competition concerns.
The Holcim Group, legally known as Holcim Limited, is a Swiss multinational company that manufactures building materials. It has a presence in around 70 countries, and employs around 72,000 employees. Holcim operates four businesses segments: cement, aggregates, ready-mix concrete, and other products, including precast concrete, asphalt, mortar, and other building materials.
The cement industry in the United States produced 82.8 million tonnes of cement in 2015, worth US$9.8 billion, and was used to manufacture concrete worth about US$50 billion. The US was the world's third-largest producer of cement, after China and India. The US cement industry includes 99 cement mills in 34 states, plus two plants in Puerto Rico. The industry directly employed 10,000 workers in 2015. Ten percent of the cement used in the United States in 2015 was imported.
Breedon Group plc is a British construction materials company which has its headquarters at Breedon on the Hill, Leicestershire, England. The current chairman is Amit Bhatia, son-in-law of Lakshmi Mittal, the billionaire steel magnate who became a Breedon shareholder following the acquisition of Hope Construction Materials. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
In 2017, the aggregate industry in the United States mined and sold 2.12 billion metric tons of crushed rock, sand and gravel valued at US$20.9 billion. There are thousands of aggregate-producing companies in the US, operating in each of the 50 states, and employing 105,000 people. Most aggregate is used by the construction industry, where it is an essential raw material and the main ingredient in concrete and asphalt concrete.
Lafarge Africa Plc is a building solutions company headquartered in Lagos and quoted on the Nigerian Stock Exchange. It is majorly controlled by the Holcim Group. Previously trading under the name of Lafarge Wapco Plc, the merger of Lafarge and Holcim and resulting consolidation of Lafarge's assets in Nigeria and South Africa resulted in the name change to Lafarge Africa.