Alcoa of Australia Limited ends lime supply contract with Adbri Limited
Alcoa of Australia Limited (Alcoa) decided to terminate its current lime supply contract with Adbri Limited. Adbri Limited announced that its subsidiary, Cockburn Cement Limited, has been informed by Alcoa that it would not renew its agreement.
Lime is a strategic material needed for alumina refining.
Adbri CEO Nick Miller said: “We are disappointed with Alcoa’s decision to displace locally manufactured product with imports from multiple sources, particularly considering our almost 50-year uninterrupted supply relationship. We will work quickly to mitigate the impact on local jobs supporting our lime business and we remain committed to supplying our WA resources sector customers.”
The contract constitutes approximately $70 million in annual revenue for the Group. The company said its non-renewal is not expected to materially impact revenue until post June 2021.
The company said it is too early to assess the full financial impact of the non-renewal at this stage.
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