Brief: Adbri Ltd Provides Kwinana Upgrade Project Update

Adbri

27/04/2023 02:54

April 27 (Reuters) - Adbri Ltd  ABC.AX :
    * ADBRI LTD -  KWINANA UPGRADE PROJECT UPDATE
    * ADBRI LTD -  REMAINING CAPITAL COMMITMENT FOR PROJECT
COMPLETION
IS NOW ESTIMATED TO BE BETWEEN APPROXIMATELY A$185 MILLION -
A$220 MILLION FOR KWINANA
    * ADBRI LTD -  AS AT END OF MARCH 2023, ADBRI HAD COMMITTED
A$199
MILLION FOR KWINANA PROJECT, WITH A$143 MILLION SPENT
    * ADBRI LTD SEES  TOTAL PROJECT COST ESTIMATE FOR KWINANA
UPGRADE
TO BETWEEN A$385 MILLION - A$420 MILLION
    * ADBRI - STRUCTURAL & PIPING QUANTITIES AT KWINANA GREATER
THAN
ANTICIPATED, FURTHER IMPACTING ON PROCUREMENT AND CONSTRUCTION
COSTS AND HOURS
    * ADBRI - REVIEW CONFIRMED PROJECT REMAINS ON TRACK FOR
TARGET
COMMISSIONING IN Q2 2024, WITH NEW PLANT EXPECTED TO BE FULLY
OPERATIONAL IN Q3 2024

Source text for Eikon:  ID:nASXqf9LQ 
Further company coverage:  ABC.AX 

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