Brickworks and FBR announce joint venture

Company News

by Anna Napoli

Brickworks and Robotic technology company FBR have today announced a 50/50 joint venture.

The companies have established Fastbrick Australia with 50/50 ownership between the parties which will provide Wall as a Service to the Australian market.

Initial Wall as a Service operations will commence shortly and will be focused on residential construction.

FBR says it's very pleased to have a joint venture partner in Australia with the reputation and scale of Brickworks to jointly offer Wall as a Service to the Australian market.

Shares in Brickworks (ASX:BKW) closed 1.08 per cent lower at $16.53 on Friday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.