close
MENU
Investment
4 mins to read

Fletcher books A$155m cost for Australian pipe debacle

An agreement has been reached with the WA government to pay 80% of repair costs for homes hit by bursting pipes made by Fletcher subsidiary Iplex.

The Iplex polybutylene pipes were made with Typlex resin from 2017 to March 2021.

Tim Hunter Fri, 30 Aug 2024

Fletcher Building has announced a A$155 million ($168m) provision for the costs of repairing homes affected by burst pipes in Western Australia in a deal with the state government.

In a statement to the NZX, Fletcher said it had agreed to meet 80% of the repair costs, with the WA government funding

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Tim Hunter Fri, 30 Aug 2024
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Fletcher books A$155m cost for Australian pipe debacle
Investment,
105637
true