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Adelaide Brighton Limited (ASX:ABC) has formally executed supply contracts with Victorian and New South Wales cement supplier Independent Cement and Lime.
The contracts are for a continuation of exclusive supply to ICL for a period of ten years from this month.
The supply arrangement appoints ICL as the exclusive distributor for Adelaide Brighton in New South Wales and Victoria.
Adelaide Brighton has renewed the contracts on what it says are substantially similar commercial terms to those in operation under its previous agreement with ICL.
Adelaide Brighton generated a net profit of $67.5 million in the 2012 financial year.
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