Court rules Boral can buy cement from Wagners at lower price

The Queensland Supreme Court ruled that Boral's notice to Wagners that it could buy cement cheaper from Cement Australia was valid, allowing Boral to pay lower prices under their take-or-pay agreement. Wagners had stopped supplying Boral for six months, costing AUD 20 million, but resumed supply on October 22, 2019 at lower prices.

“Boral will make less money from selling cement to Boral, its biggest customer, in future after a court ruled the Queensland construction group must match lower prices of rivals.”cemnet.com

• 1 source
• cemnet.comBoral wins Wagners supply case | CemNetJun 4, 2020

Summarized from public sources; check the original articles before acting on it.