Building shortages threaten site shutdowns

Original article by Rosie Lewis, Ben Packham
The Australian – Page: 6 : 10-Mar-20

Australian Shop & Office Fitting Industry Association CEO Gerard Ryan says its members are looking at delays to projects of up to six weeks because the corona­virus outbreak is delaying the supply of products from overseas. The outbreak has also prompted calls for a national security strategy to boost the nation’s stocks of medicine and fuel. Industry Minister Karen Andrews says the federal government is looking to increase local manufacturing to help ease supply chain disruptions, although she says she is hearing anecdotally that "the supply chains are OK".

CORPORATES
AUSTRALIAN SHOP AND OFFICE FITTING INDUSTRY ASSOCIATION

Builders and developers struggle with supply shortages

Original article by Nila Sweeney, Michael Bleby
The Australian Financial Review – Page: 9 : 3-Mar-20

Australian builders and property developers are having to deal with disruptions to projects as a result of not being able to get supplies from China due to the coronavirus. A lack of elevator parts and components is of particular concern to builders, with WT Partnership Australia executive director David Stewart noting that any delays in having a building’s lift installed has a knock-on effect in terms of the rest of the building schedule. Supply-chain problems can cause delays of up to $200,000 a day on the biggest building sites.

CORPORATES
WT PARTNERSHIP AUSTRALIA

Investors set to profit from Aconex sale

Original article by Yolanda Redrup
The Australian Financial Review – Page: 16 : 20-Dec-17

Aconex founders Leigh Jasper and Rob Phillpot are not the only ones who will do well out of Oracle’s $A1.6 billion bid for the construction software firm. Aconex chairman Adam Lewis and his family should gain around $15.4 million from the transaction, while the Sypkes family, who started the Tasmania-based Chickenfeed discount chain, stand to receive about $A27.2 million. Jasper and Phillpot should get about $A94 million and $A88 million respectively if Aconex shareholders approve Oracle’s bid.

CORPORATES
ACONEX LIMITED – ASX ACX, ORACLE CORPORATION, CHICKENFEED PTY LTD, ATLASSIAN CORPORATION PLC, AUSTRALIAN DISCOUNT RETAIL PTY LTD, SPARK INFRASTRUCTURE GROUP – ASX SKI, McKINSEY AND COMPANY, UNIVERSITY OF MELBOURNE, APIAM ANIMAL HEALTH LIMITED – ASX AHX, MELBOURNE CRICKET CLUB, CITI AUSTRALIA PTY LTD, TEXTURA AUSTRALASIA PTY LTD, SAP AG