Shares in Adbri fell sharply today after the ASX company reported a fall in net profit and provided updates on major projects at Kwinana and Kalgoorlie.
Adbri has highlighted the importance of domestic manufacturing as it commenced a major upgrade of its Cockburn Cement operations and evaluates regional investments.
Adbri will continue supplying lime to the Worsley Alumina refinery in WA after securing a five-year contract extension with the plant's majority owner, South32.
Adbri subsidiary Cockburn Cement is expected to cut up to 50 jobs after Alcoa of Australia did not renew its contract to purchase about $70 million of lime each year.
NEW Zealand-based contracting group Fulton Hogan is aiming to boost its market share in Western Australia after buying out its joint venture partners and rebranding its local operations.
