CSR says it shows confidence through capex

CSR chairman John Gillam says the building products supplier is demonstrating its confidence in Australia’s construction industry through its capital expenditure program.

CSR offloaded its troublesome Viridian glass business for $222 million in January and is ploughing cash into projects including a new $75 million Hebel plant on the NSW central coast.

“Our belief in the strong future prospects for the building products sector can be evidenced in the investments we have made in both innovative product solutions and growth-linked capex this year,” Mr Gillam told the firm’s annual general meeting on Wednesday.

AAP

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