Fire at Cleanaway’s (ASX:CWY) Guildford Materials Recycling Facility

Company News

by Katrina Bullock

Cleanaway Waste Management (ASX:CWY) has confirmed that its Materials Recycling Facility in Guildford, Western Australia was damaged by a fire yesterday.

Cleanaway CEO and Managing Director Vik Bansal thanked the emergency services for containing the blaze, saying “[o]ur teams on site were evacuated quickly and we are pleased that none of our employees or anyone else was injured in the incident”.

Cleanaway is working with its customers and other suppliers to determine alternative processing solutions for the materials that would otherwise have been processed at the facility.

It intends to rebuild the site and notes that the incident will not have a material impact on its underlying EBITDA for the 2020 financial year.

Shares in Cleanaway Waste Management (ASX:CWY) are trading 0.76 per cent higher at $1.99.

Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.