Fletcher rebuffs BGC claims as sensationalist

The pipes have caused leaks through light fittings. (Image: Supplied)

Fri, 13 Oct 2023

Fletcher Building has again rebuffed claims by Perth home builder BGC about the extent of its Iplex pipe problem. The dual-listed company – which is still in a trading halt – said BGC’s $1.9b repair cost estimate is “sensationalist”.“Scenarios that better align with the current evidence suggest that an industry cost to repair affected Perth houses could be a fraction of that, something in the order of $50m to $100m,” it said in a statement.Fletcher said plumbing failures were confined to Pert...

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