“Boral boss Vik Bansal says spiking electricity prices and Australia’s patchy energy transition are prompting the country’s biggest cement, concrete and asphalt producer to temporarily halt manufacturing each day, leaving thousands of staff idle.
The construction materials maker said its electricity bills had inflated over the past year by 54 per cent, adding millions of dollars to its manufacturing costs, with prices now peaking at levels that force it to shutter its production at 300 plants around the country for up to half an hour a day to constrain costs.”https://www.smh.com.au/business/companies/cement-maker-stops-work-as-electricity-prices-surge-20231009-p5eatd.html
