Sharechat Logo

Fletcher Building takes 2 months, $4M to clean up, replace asbestos roof in Christchurch GIB factory

Tuesday 3rd December 2013

Text too small?

Fletcher Building, New Zealand's largest building company, spent about $4 million and took almost two months to clean up and replace the roof of its Christchurch plasterboard factory that contained asbestos.

The Winstone Wallboards factory, which manufactures GIB plasterboard, was reopened on Oct. 21 following its closure on Aug. 27 after traces of asbestos were found during preparations for the roof replacement, the Auckland-based company said.

Staff were transferred to the distribution centre or to Auckland during the closure and remained on full pay, the company said. Dispatch operations at Christchurch were down for about three days, with plasterboard supplied from Fletcher's Auckland GIB plant during that time.

The new roof is expected to be completed this weekend.

Shares in Fletcher Building, the largest company on New Zealand's NZX 50 Index, slipped 0.1 percent to $9.22, and have advanced 10 percent so far this year.

BusinessDesk.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

NZ dollar bounces off four-year low; seen weaker
Vector urges regulatory change in low-interest-rate environment
Vector urges regulatory change in low-interest-rate environment
Govt moves against surprise Supreme Court 'black hole' tax ruling
Qantas CFO Race Strauss to join A2 Milk as CFO
Climate Committee seeks data, evidence for future carbon budgets
Spark's wobbly world cup start raises stakes for live-streaming - analysts
An algorithm dunnit: anatomy of Spark's mid-match surrender
Stanley-Tallwood liquidator cuts deal over KiwiBuild development
Stanley-Tallwood liquidator cuts deal over KiwiBuild development

IRG See IRG research reports