News Articles for Lindsay Partridge

Today's board moves wrap includes Rick Lu, Alex Biggs, Gavin Rezos, Marcello Cardaci, Marco Landi, Mark Connelly, David Jones, Isabel Macchia, Brendan Shalders, Daniel Coletta, James Matthews, Karim Razak, Peter Richards, John Klepec and more.

The ASX-listed brick manufacturer is considering leaving the state as it posts a loss on its WA operations.

The state's second largest brick maker has reported a half yearly profit of $581 million but says its WA operations are a drag on performance.

Building products manufacturer Brickworks says sales revenue in its main Australian market has dropped 10 per cent in the four months to the end of May as a result of the coronavirus pandemic.

Brickworks' full-year profit slipped 11.9 per cent to $154.6 million, with the company highlighting its WA operations as a specific weak point.

An improved result in Western Australia, despite challenging market conditions and continued falls in brick selling prices, has helped building materials company Brickworks boost underlying net profit to $223.7 million for the 2018 financial year.

Building materials company Brickworks said today its Western Australian division has returned to profit following a major restructuring, one month after competitor Boral said it recorded a break-even result in WA.

Industrial business Schaffer Corporation has sold its Urbanstone manufacturing subsidiary to Brickworks for $13.5 million.

Brickworks has sold its Austral Bricks factory in Malaga for $19.2 million, a facility it formally put up for sale in April after it was shut down last year due to declining demand for residential building products in Western Australia.

Weakness in Western Australia's residential construction sector is throwing up significant challenges for building product manufacturers, weighing on the profits of ASX-listed outfits Brickworks and Boral.

Soaring gas prices on Australia's east coast are making manufacturing difficult or even impossible, the competition watchdog has warned, as a gas 'crisis' puts jobs in brickmaking and other industries at risk.

Brickworks managing director Lindsay Partridge says Western Australia remains an attractive market despite setbacks during the year, when it undertook a major restructure of its Austral Bricks WA and Auswest Timber businesses.

Sydney company Brickworks is planning to introduce a revolutionary new technology to Western Australia it believes will cut the cost of manufacturing bricks by 30 per cent.

Building products manufacturer Brickworks is gearing up to sell one of its Western Australian facilities, while also planning to restart its Cardup plant to maintain its production capacity in the state.

Building materials manufacturer Brickworks has disclosed that intense competition in the local market meant Western Australia was the only state where it was unable to lift prices for bricks during the past year.