FBU fletcher building limited

Ann: GENERAL: FBU: Fletcher Building responds to

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    • Release Date: 27/05/14 16:12
    • Summary: GENERAL: FBU: Fletcher Building responds to WorkSafe investigation
    • Price Sensitive: No
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    					FBU
    27/05/2014 14:12
    GENERAL
    
    REL: 1412 HRS Fletcher Building Limited
    
    GENERAL: FBU: Fletcher Building responds to WorkSafe investigation
    
    Fletcher Building responds to WorkSafe investigation into Canterbury Home
    Repair Programme
    
    Auckland, 27 May 2014 - Fletcher Building Limited ("Fletcher Building")
    wishes to issue the following statement in response to the WorkSafe New
    Zealand ("WorkSafe") investigation involving the Canterbury Home Repair
    Programme.
    
    The Canterbury Home Repair Programme ("CHRP") involves the repair of
    properties where the damage falls between $15,000 and $100,000. Fletcher
    Earthquake Recovery, a business unit of Fletcher Building, is project
    managing independent building contractors as agent for the Earthquake
    Commission.
    
    WorkSafe has applied to the District Court in Christchurch for an extension
    of time to complete its investigation, which concerns the process by which
    houses containing asbestos have been repaired under the CHRP.  Fletcher
    Building notes that no charges have been laid by WorkSafe.
    
    Asbestos containing materials were used widely in homes and other buildings
    throughout New Zealand between 1940 and 1990. Tens of thousands of houses
    across New Zealand still contain asbestos.
    
    Fletcher Building states that the asbestos hazard in houses repaired under
    the CHRP has been managed responsibly and effectively. Fletcher Building has
    engaged with WorkSafe since the commencement of the home repair programme
    regarding processes for handling all hazards including asbestos.
    
    The risk of asbestos exposure during the repair process was identified early
    in the CHRP, and independent contractors were required to arrange testing for
    all houses assessed as potentially containing asbestos. Where asbestos was
    found to be present, contractors were directed to undertake repairs in
    accordance with the New Zealand asbestos regulations.
    
    Further enhancements have been made to both the testing and repair practices
    as the repair programme has progressed, along with educational initiatives to
    upgrade the general state of knowledge of asbestos in the Canterbury home
    repair sector.
    
    Fletcher Building remains fully committed to maintaining healthy and safe
    environments for residents, employees, contractors, and all others involved
    in its work.
    
    ENDS
    
    For further information contact:
    
    Philip King
    Group General Manager,
    Investor Relations & Capital Markets
    Phone: + 64 9 525 9043
    Mobile: + 64 27 444 0203
    End CA:00250918 For:FBU    Type:GENERAL    Time:2014-05-27 14:12:54
    				
 
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