BGC makes 'compelling argument' on Fletcher pipes problem: Jarden

The leaking pipes have damaged electricals in newly built homes. (Image: BGC)

Thu, 12 Oct 2023

Analysts at Jarden have said Perth home builder BGC “made what appeared to be a compelling argument” to as why materials are behind Fletcher Building’s pipe failures. BusinessDesk revealed yesterday BGC’s independent experts found the resin in Iplex pipes was to blame and put the cost of remediation for Fletcher at A$1.8 billion (NZ$1.9b). Fletcher remains in a trading halt and has not released any further defence, although yesterday said in an email the figures were “designed to be inflammatory&rdqu...

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