Australian construction giant, Multiplex Construction, has disclosed that it has taken a 28.5% holding in the Australian ethanol producer Indcor.
This is a vote of confidence in the Australian ethanol industry in general, and in Indcor in particular.
Indcor (ICO), an Australian company listed on the ASX is poised to take advantage of new legislation, as well as a substantial Federal Government grant, that is favourably disposed toward development of the alternative energy industry in Australia.
IMHO, Indcor will be one of the stand-out stocks on the ASX in 2003.
