Dec 14 (Reuters) - Newalta Corp NAL.TO :
* Announces 2016 capital budget
* Says expects to spend a range of $30 to $40 million in incremental capital in
2016
* Maintenance capital is expected to be approximately $10 million in 2016,
unchanged from 2015
* Says new growth capital is expected to range between $20 million to $30
million, compared with $70 million in 2015
* Expects to benefit from a full year of cost reductions implemented during
2015, which are at a current run rate of $40 million
* Says anticipates meeting its target of positive free cash flow generation in
2017
* Says in 2016, Newalta expects to benefit from contributions from new
facilities that came on stream in the second half of 2015
* Source text for Eikon ID:nMKWFDg3sa
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