Centrex Limited (AU:CXM) has released an update.
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Centrex Limited’s partner, Cleveland Bay Chemical Company, has received a government grant to construct a cutting-edge dicalcium phosphate (DCP) facility in Townsville, Australia. This development will tap into the commercial potential of Centrex’s Amplify product and aims to strengthen Australia’s agricultural sector by replacing DCP imports. The construction of the new facility, marking a first for domestic DCP production, is set to begin in Q2 CY2025, with expected Amplify product sales by Q4 CY2025.
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