SOURCE: Industrial Info Resources
PERTH, AUSTRALIA--(Marketwire - Aug 16, 2012) - Researched by Industrial Info Resources Australia (Perth, Australia) -- Caltex Australia Limited (ASX:CTX) (Sydney, Australia) has decided that it can no longer sustain operations at the Kurnell Refinery, due to an inability to compete with larger, newer and more efficient refineries. The decision to permanently close the Kurnell Refinery and convert it to a large-scale import fuel terminal was announced on July 26, 2012, via an ASX announcement issued by Caltex Australia, detailing plans toward companywide supply chain restructuring.
Other companies featured: Chevron Corporation (NYSE:CVX), Chicago Bridge & Iron (NYSE:CBI)
For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showAbstract.jsp?newsitemID=227670&refer=mw, or browse other breaking industrial news stories at www.industrialinfo.com.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.