Wow …in BusinessDesk It estimates on average 6.7 of these Iplex pipes are bursting each day and it is peaking on homes built in 2019.
Printable View
Wow …in BusinessDesk It estimates on average 6.7 of these Iplex pipes are bursting each day and it is peaking on homes built in 2019.
Perhaps, if Fletchers 'specified' it in the design, which is less likely. Usually the architects/engineers specify the products and Fletcher's job is only to install it. If the products are a dud then it's on the specifier, not the installer. These details will come out soon enough, and are coming out, at this stage I see no panic for Fletcher's per se.
But uncertainty does create opportunity for speculators, on the share price. No doubt about that.
Isnt Fletchers the manufacture of these busted pipes? and the installer is saying its faulty i.e. Fletchers billion dollar problem?
Fletchers is saying that the product is no faulty. It's the installation that's the issue,
Where are they at with the Class action against them?