Business
Why the Adbri (ASX:ABC) share price is pushing higher today
In morning trade the Adbri Ltd (ASX: ABC) share price is pushing higher following the release of an announcement.
At the time of writing, the building materials company’s shares are up 2% to $3.50.
What did Adbri announce?
This morning Adbri announced that its Kwinana Upgrade Project has been given the go ahead after a final investment decision by its board.
The Kwinana Upgrade Project will see the company make a $199 million investment in a modern state-of-the-art facility that will consolidate Adbri’s two existing cement production sites into a single operation.
This operation will serve the Western Australia market and increase annual production capacity to 1.5 million tonnes per annum from 1.1 million tonnes.
Management…
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