FBR Enters into Agreement for US Assembly Plant, Shares Jump 8%

MT Newswires Live
03 Mar

FBR (ASX:FBR) entered into an agreement with Liebherr USA to Fastbrick Americas Engineering to help it in the localization and assembly of Hadrian X machines in the US, according to a Monday Australian bourse filing.

It said this was the first step in establishing a complete assembly plant for the Hadrian X in the US market.

Initially, robotic modules will be manufactured by or for FBR in Australia, and delivered to the US assembly plant for assembly into Hadrian X machines for the US market.

However, over time, the firm plans to move the manufacturing of more robotic modules and parts to the US.

The firm's shares rose 8% in recent trading on Monday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10