The Australian asphalt plant is closing at the end of the year

ATLANTA — Australian asphalt plant operator Southern Cross has closed at the start of the new year, saying it is closing its remaining workforce at the plant because of a shortage of materials and equipment.

The closure of the asphalt plant in Sydney’s north-west is a significant blow to the state’s economy, said Southern Cross chief executive Andrew Pecoraro.

The plant has been the largest of the state-owned oil sands in terms of output, with nearly 20 million tonnes of asphalt produced annually.

It’s an important plant for the state, Pecoro said in an interview.

We know that the number of jobs lost are real, but it’s really going to be a real blow to our business.

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