ION 0.00% 93.0¢ ion limited

ION - Reason for rise

  1. 155 Posts.
    Could this story be fueling the recent rise in IONs share price?
    Date 10/5/2002
    Author Ian Porter
    Source The Age -- Page: C3.
    Australia car maker, Holden, has indicated it will award its V6 engine block supply contract to an Australian firm. Analysts say the most likely company to be awarded the lucrative contract for Holden's planned aluminium engine is Ion Limited. Holden MD, Peter Hanenberger, said on 9 May 2002 that a decision on who would supply the engines would be made by the end of the month. Ion already supplies cylinder heads and other parts to Holden for its four-cylinder engines. The engine block contract would be the largest contract Ion has ever handled, and the company may need to construct a new plant in Melbourne to handle the work involved.
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