After a review of its Australian cement business, Boral Limited
(ASX:BLD) says it intends to suspend clinker manufacturing at its Waurn Ponds operation in Victoria, effective from April next year.
The clinker manufacturing assets have a book value of about $100 million.
The construction manufacturer says the planned suspension will impact about 90 jobs.
Boral’s chief has cited a high Aussie dollar together with rising energy and manufacturing costs and a soft building and construction sector as reasons for its decision.
Boral generated a net profit of $177.7 million in the 2012 financial year.
