Bingo Industries (BIN)
Posted on January 9, 2018
Bingo Industries (BIN) made a favourable announcement that it has been granted consent to increase the processing capacity from its Mortdale NSW recycling plant from 30,000 tonnes to 220,000 tonnes per year…
This material increase will add further capacity to the combined group and illustrates the ongoing strategy to build out capacity, generate cost savings from scale and further consolidate what is a fragmented industry. Development work will commence in February with the site expected to be fully operational by September.
Tim Montague-Jones | Head of Australian Equity Research