Brickworks (ASX:BKW) to reopen brick plants in Pennslyvania

Company News

by Rachael Jones

Brickworks (ASX:BKW) has been advised that it may re-open their brick plants in Pennsylvania.

On 19 March, Brickworks closed down manufacturing operations at its five Pennsylvania brick plants, in response to Governor Tom Wolf’s order for the closure of all non life-sustaining businesses in the state.

They will now start a phased process of re-starting facilities in Pennsylvania, taking into account the anticipated level of demand, including due consideration of the continuing impact of COVID19, and previously planned plant rationalisation activities.

Given the rapidly evolving nature of the Coronavirus pandemic, Brickworks anticipates further impacts on production and demand across its operations over the coming months and will update the market to the extent that these are material to the Company.

Shares in Brickworks (ASX:BKW) are trading 1.2 per cent higher at $13.37
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.