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Orica Limited ( (AU:ORI) ) has issued an announcement.
Orica has moved to clarify media reports about an outage at one of its ammonia suppliers in Western Australia, stressing that it is drawing on existing inventories and its diversified global manufacturing and supply network to secure alternative feedstock. The company said its priority is to maintain supply and minimise disruption for customers while it manages this event.
The group also disclosed an unplanned outage at its Kooragang Island ammonia plant in New South Wales, which it expects to resolve shortly. Orica does not anticipate a material financial impact from either interruption but will continue to monitor the situation and has committed to updating the market if circumstances change significantly.
The most recent analyst rating on (AU:ORI) stock is a Buy with a A$21.50 price target. To see the full list of analyst forecasts on Orica Limited stock, see the AU:ORI Stock Forecast page.
More about Orica Limited
Orica Limited is a global mining and infrastructure solutions provider, specialising in the production and supply of explosives, blasting systems, specialty mining chemicals, geotechnical monitoring and digital solutions. With a workforce of more than 14,000 people and over 150 years of operations, it serves surface and underground mines, quarrying, construction and oil and gas markets, and has set a long-term ambition to reach net zero emissions by 2050.
YTD Price Performance: -20.02%
Average Trading Volume: 1,863,858
Technical Sentiment Signal: Hold
Current Market Cap: A$9.02B
See more data about ORI stock on TipRanks’ Stock Analysis page.