Austin Engineering Limited (AU:ANG) has released an update.
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Austin Engineering Limited’s Chilean operations have secured over 100 new orders for truck trays, valued at around $35 million, marking a significant boost in their revenue outlook for FY25. This surge in demand is driven by the strong global need for copper, with Chile being a major producer. The company is ramping up production capacity to meet the increased orders, indicating a promising future for its business in the region.
For further insights into AU:ANG stock, check out TipRanks’ Stock Analysis page.