Boral sounds alarm on gas prices

Building materials company says Australian plants could close if price hikes persist.

The boss of the nation’s largest building materials company has sounded alarm bells for the country’s manufacturing industry and signalled a strong likelihood his company’s Australian plants will close within the next decade due to annual energy price increases of 20 per cent.

Boral chief executive Mike Kane said natural gas prices increased 20 per cent in NSW last year and that was unsustainable.

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