I agree with you that its about diversification and the PLS presentation is clear this is about serving the North American markets. Also expect IRS benefits for a Brazilian production base. Make a lot of sense, esp moving at low point in the cycle. Good move by PLS and they have form
WC8 Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)