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The Environmental Group Ltd Announces Business Restructure
The Environmental Group Ltd announced that it has undertaken a review of its operations across its subsidiary companies. As a result of the review, the Company has made the decision to shut down its de-watering and poly pipe welding business in the Hunter Valley and the Bowen Basin, and its equipment cleaning business in the Hunter Valley. The businesses experienced a severe downturn from June/July last year as detailed in the 2012 Annual Report and half-year announcement to the ASX.
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