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Company News Summary

Adbri Provides Alcoa Lime Supply Contract Update

03 Jul 2020  |  09:34:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Alcoa Lime Supply Contract Update

Adbri announced that its subsidiary, Cockburn Cement has been informed by Alcoa of Australia that it has elected not to renew its current lime supply contract expiring on 30 June 2021. The contract constitutes $70m in annual revenue for the Group, and its non-renewal is not expected to materially impact revenue until post June 2021. The Company will promptly evaluate and take necessary mitigating actions. Consequently, it is not possible to quantify the full financial impact of the non-renewal at this stage.

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