FBR Enters into Agreement for US Assembly Plant, Shares Jump 8%

MT Newswires Live

2025/03/03

FBR (ASX:FBR) entered into an agreement with Liebherr USA to Fastbrick Americas Engineering to help it in the localization and assembly of Hadrian X machines in the US, according to a Monday Australian bourse filing.

It said this was the first step in establishing a complete assembly plant for the Hadrian X in the US market.

Initially, robotic modules will be manufactured by or for FBR in Australia, and delivered to the US assembly plant for assembly into Hadrian X machines for the US market.

However, over time, the firm plans to move the manufacturing of more robotic modules and parts to the US.

The firm's shares rose 8% in recent trading on Monday.

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