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Adbri updates market on Kwinana grinding plant expansion
Australia: Adbri says that the cost and timing of its on-going expansion of its Kwinana grinding plant in Western Australia remain on track. To date, the producer has invested US$161m in the expansion, towards a projected cost of US$385-420m. In an accompanying trading update, Adbri said that it expects its full-year earnings before interest, taxation, depreciation and amortisation (EBITDA) to be US$208 -212m in 2023, ‘moderately’ above its previous outlook. In 2022, its earnings before interest and taxation (EBIT) amounted to US$106m. The company has forecast total capital expenditure investments for 2023 of US$208-215m. It previously expected to invest US$221-235m during 2023. /Global Cement
UAECEMENT.COM - Dec, 16,2023

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