Fletcher Building Unit Partners with Western Australian Government on Industry Response to Plumbing Issues

MT Newswires Live11-13

Fletcher Building (ASX:FBU, NZE:FBU) subsidiary, Iplex Pipelines Australia, the Western Australian Government, and industry stakeholders finalized the industry response to address plumbing failures in homes using Typlex Pro-Fit pipe, according to a Wednesday filing with the Australian and New Zealand bourses.

The industry response offers a program of works for homes with Typlex Pro-Fit pipe in Western Australia that experience a plumbing failure, regardless of the builder's participation, the filing said.

Builders who participate will receive reimbursement for their direct costs from Iplex Pipelines Australia and the Western Australian Government, according to the filing.

Fletcher Building shares rose 1% in recent Wednesday trade in New Zealand and Australia.

Price (AUD): $2.92, Change: $+0.02, Percent Change: +0.69%

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