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Manufacturer disputes BGC’s ‘sensationalist’ claims
Fletcher Building says the mass failure of plumbing pipes it manufactured are confined to the Perth market and asserted the problem lies with defective installation.
The ASX company has also dismissed BGC Australia’s estimate the issue could cost up to $700 million as misleading and sensationalist.
Fletcher said the cost could be in the order of $50 million to $100 million.
The competing claims from the two companies come after about 2,000 homes in Perth suffered damage after the bursting of pipes manufactured by Fletcher subsidiary Iplex Australia.
Jack McGinn explores the opportunities and challenges created by the rapidly evolving digital space in a post-pandemic environment.