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CAPRAL LIMITED — Capital/Financing Update 2018
Mar 11, 2018
64599_rns_2018-03-11_528072c5-31e6-480e-b7d7-641d9c4e6fba.pdf
Capital/Financing Update
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CAPRAL
ASX ANNOUNCEMENT
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12 March 2018
Anti-dumping update
Last Friday, Opposition Leader, Mr Bill Shorten, visited Capral’s Penrith’s manufacturing facility to announce that a Labor Government would toughen the anti-dumping regime in Australia, including the imposition of significantly higher duties for importers. Capral is fully supportive of tougher measures to combat unfair trade.
Following the recent announcement by President Trump of a 10% tariff on aluminium imports to the U.S, aluminium producers may look to re-direct goods to other countries that have less effective dumping measures than the U.S. While this is not expected to have a negative impact on the Australian aluminium extrusion market, Capral and the Australian Aluminium Extrusion Association are looking to the Government to actively monitor the situation and put safeguards in place for expedient action in the event of trade flow changes.
For further information please contact:
Corporate
Tony Dragicevich Managing Director and CEO P: + 61 2 8222 0112 E: [email protected]
Capral Limited ABN 78 004 213 692 ASX: CAA
Level 4, 60 Phillip St Parramatta NSW 2150 PO Box 209, Parramatta CBD BC NSW 2124
T 02 8222 0112 F 02 8222 0130
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