Explosives and fertiliser manufacturer Incitec Pivot’s losses continued during FY24 as it unwinds the effects of the closure of its Gibson Island, Brisbane fertiliser plant and the sale of its troubled Waggaman, Louisiana ammonia facility. The company reported a net loss after tax including individually material items (IMIs) of $311 million, down from FY23’s profit…
Incitec Pivot has announced that negotiations with Indonesia’s PT Pupuk Kalimantan Timur (PKT) have ended, following weeks of discussions, with Incitec saying it continues to explore options for splitting its fertiliser and explosive divisions. As reported by @AuManufacturing and others in May, Incitec was in “advanced negotiations” with Indonesia’s PKT on a potential sale of…
What were the five biggest stories of the week? Here’s what visitors to @AuManufacturing were reading. 5) Incitec Pivot’s fertiliser business heads for foreign control Yet another Australian manufacturing operation is heading for foreign control with fertiliser and explosives business Incitec Pivot confirming it was negotiating the sale of its fertiliser manufacturing to an Indonesian…
Yet another Australian manufacturing operation is heading for foreign control with fertiliser and explosives business Incitec Pivot confirming it was negotiating the sale of its fertiliser manufacturing to an Indonesian company. IPL’s CEO & Managing Director Mauro Neves told investors the company had continued to progress the structural separation of its fertiliser and explosives businesses.…
