ACC ECOMINERALS LIMITED
Regular Sales Commence for Ink Applications
The Company is pleased to advise the commencement of regular sales with one of the
top 3 global ink companies. The value of this business is about A$3 million per annum,
with potential to climb to over A$12 million in this sector. Another leading ink customer
is also expected to commence in 2009.
The Company has been deferring regular sales of conventional kaolin applications while
it conserves its working capital for the higher priority commencement of its emerging low
carbon cement products. Essentially this plan remains unchanged. The conventional
kaolin business will still generally await the float of ACC ECOMINERALS or further
provision of working capital, as a major upgrade in personnel and inventories is
required. In the case of inks, these applications are high value and the Company has
secured financing to fund business with these leading customers, therefore we are
pleased to move forward on this sector. Pre float business commencement on other
high value major name customers in the conventional kaolin sectors is also being
reviewed. Additional trade finance is also being arranged to cover the current expected
increase in orders for low carbon cement products.
ACC ECOMINERALS LIMITEDRegular Sales Commence for Ink...
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