Posts Tagged ‘Caltex’

ASX Company News: Australian Renewable Fuels Sells Caltex 240,000 litres of Biodiesel

Friday, October 22nd, 2010

The Board of Australian Renewable Fuels (ARW) is pleased to announce that an agreement has been signed with Caltex Australia Petroleum Pty Ltd, for the supply of not less than 240,000 litres of biodiesel per month. The initial contract period is for three months with provision for the parties to agree to an extension of the term beyond this period. The product is to be supplied from our Adelaide facility.

“We welcome the opportunity to work with a company of this stature and appreciate the confidence shown in our ability to deliver,” ARF managing director Tom Engelsman said. “We look forward to working together and are confident of a long and mutually beneficial relationship.”

Australian Renewable Fuels Limited (ARF) is an Australian-based manufacturer of Australian Diesel Standard compliant biodiesel, with plants located in Picton (WA) and Largs Bay (SA).

www.arfuels.com.au

http://www.traderdealer.com.au/Fundamentals/arw

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ASX Company News: Transfield Services Secures WA Caltex Construction Contract

Tuesday, August 31st, 2010

Transfield Services (TSE) has secured a construction contract to the value of A$33 million with Caltex Australia, leveraging off its market leading position in the Australian hydrocarbons maintenance services sector. Transfield Services will build new fuel storage tanks and a road tanker loading facility at Caltex’s fuels terminal at Port Hedland in the Pilbara region of Western Australia. Commencing in September, the project is expected to take approximately 12 months and will provide significant expansion of fuel delivery capacity in a growing region.

Transfield Services’ Managing Director and Chief Executive Officer, Mr Peter Goode, said today; “This is another significant win for the Company, as we continue to build on our position in the hydrocarbons maintenance services sector to help secure construction projects. This new direction is part of the Company strategy, and a wider industry trend, of maintenance and reliability experts becoming more involved in the initial design and construction phase of assets.”

Over 85 percent of the Company’s services are delivered under long-term contracts and relationships with key clients. Transfield Services has a robust pipeline of work developing in oil and gas, power, defence, transport and social infrastructure, providing continuing diversification for the business.  Transfield Services delivers essential services to key industries in the resources and industrial, property and infrastructure sectors. A leading global provider of operations, maintenance, and asset and project management services, Transfield Services has more than 28,000 employees in Australia, New Zealand, the United States, Canada, the United Arab Emirates, Qatar, India, Malaysia, Chile and New Caledonia.

www.transfieldservices.com

http://www.traderdealer.com.au/Fundamentals/tse

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Dividends: Caltex Ex Dividend On 1/9/2010

Monday, August 30th, 2010

Caltex Australia (CTX) will go ex dividend on 1/9/2010. The current dividend payment is 30 cents and it is 100% franked. The record date is 7/9/2010 and the dividend will be paid on 28/9/2010. Based on the full year payment the dividend yield is 5.0%.

*Current Yield: 2.7% Franking: 100% DRP Discount: Not Available

Caltex Australia

*Yield has been calculated on the closing price on the 26/8/2010. Current yield is based on the current dividend payment only.

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Caltex Acquisition of Mobil Service Stations Fails Due To ACCC Opposition

Friday, April 30th, 2010

On 26 May 2009, Caltex Australia (CTX) entered into an agreement to acquire 302 Mobil service station sites. The agreement was subject to Australian Competition and Consumer Commission (ACCC) and Foreign Investment Review Board (FIRB) review and clearance.

On 2 December 2009, the ACCC announced its decision to oppose the acquisition and set out its reasons in its Public Competition Assessment on 9 February 2010. Caltex does not agree with the ACCC’s position, but has since engaged in discussions with Mobil in relation to possible solutions to the ACCC’s concerns. The parties have now agreed they will not proceed with the current proposal. However, Caltex will continue to explore opportunities to grow its business.

Caltex remains focussed on improving its base business and driving growth in earnings through cost and capital efficiency, organic growth in marketing and leveraging our integrated supply chain.

www.caltex.com.au

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Caltex Australia to Acquire Mobil Petrol Stations

Thursday, May 28th, 2009

Caltex Australia (Caltex) has entered into an agreement to acquire 302 Mobil service station sites. The acquisition cost to Caltex is in the order of $300 million including estimates for inventories and other settlement costs which will be finalised on completion.

This agreement is subject to Australian Competition and Consumer Commission (ACCC) and the Foreign Investment Review Board (FIRB) review and clearance which we expect will take some months to complete.

“The acquisition is a good strategic fit for Caltex. It will enable Caltex to grow its business consistent with its long term strategy of being a marketing-led business,” Caltex Managing Director and CEO Des King said this morning.  “Today, Caltex is primarily a wholesaler of fuel but a relatively small player in the retail fuel market when compared with Coles Express, Woolworths and BP. This acquisition will allow us to better compete in the retail fuel market with these major players.” 

Caltex is purchasing the 302 Mobil service station sites as a going concern, providing it with experienced people to help grow the business. “Caltex will take on more than 1700 employees. 

www.caltex.com.au

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Caltex to buy Exxon petrol stations

Wednesday, May 27th, 2009

In the news today, Caltex is buying Exxon Mobil s 302 Australian petrol service stations.

The $300 million purchase covers the inventories, settlement costs and will also see Caltex take on 1700 staff. The funding is coming from internal sources, according to Caltex CEO Des King.

The deal still needs to be approved by the Australian Competition and Consumer Commission and the Foreign Investment Review Board, however the share price was up this morning on market open.


Source: Market Analyser. Click here for a free trial.

For more details on this news story, go to The Age.

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