Australia: An initial public offering by Wagners has been threatened from plans by a rival company to build a cement grinding plant and terminal in Brisbane, Queensland. Wagners operates its own 0.8Mt/yr grinding plant in the city and commentators mentioned by The Australian newspaper have speculated that this increased competition locally could damage its aspirations. However, Wagners believes that the new plant is unlikely to be built. The 0.2Mt/yr project from brick and tile maker Brickworks, in a consortium with Newman Quarrying and the Neilsen Group, remains in the planning stage.
Wagners’ initial public offering threatened by rival cement grinding plant in Brisbane
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