CSR fu­ture op­ti­mistic

Townsville Bulletin - - NEWS -

BUILD­ING prod­ucts sup­plier CSR says its out­look is pos­i­tive as hous­ing starts look likely to climb to record lev­els, with more than 200,000 ex­pected in fis­cal 2016. “The lead times from ap­proval to con­struc­tion means strong de­mand for our prod­ucts should con­tinue over the next few years,” man­ag­ing di­rec­tor Rob Sin­del told share­hold­ers at CSR’s an­nual gen­eral meet­ing yesterday. He said an in­creas­ing num­ber of peo­ple wanted to live closer to where they worked, which was fuelling de­mand for mul­tires­i­den­tial hous­ing closer to city cen­tres. The sec­tor now rep­re­sented about 45 per cent of all Aus­tralia’s new dwellings. Mr Sin­del said CSR’s brick­mak­ing joint ven­ture with Bo­ral – formed in May – was ex­pected to gen­er­ate ini­tial over­head sav­ings of $ 7 mil­lion to $ 10 mil­lion a year once the two busi­nesses were fully in­te­grated.

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