- Members Portal
- ABA Website
Metricon in crisis talks
19 May 2022
NEWS: The CEO of the latest major Aussie construction firm on the brink of collapse died just days before the crisis talks.
Acting CEO Peter Langfelder denied the company had solvency issues and said the business continued to be viable.
“There is simply no basis to these rumours. Metricon is a strong viable business without any solvency problem,” he said.
The biggest challenge Australia faces is to get more homes built for more Australian families and as the biggest home builder in the country we are the ones to deliver.”
Construction businesses across Australia are facing difficult circumstances in the face of rising materials costs and labour shortages.
Earlier this year, giant firms Probuild and Condev went into liquidation, impacting thousands of staff and subcontractors.
Government efforts to support construction during the pandemic have boosted production rates beyond what key supply chains can support.
Metricon has been trying to alter, offload or delay contracts to help deal with the constraints.
More…
Latest news
Key News: “The Cash Distribution Framework is an important piece of regulatory reform to ensure the continued availability of cash given the decline in its usage and recent uncertainties across the sector.” ABA CEO Simon Birmingham. Media release, 3 September 2026. Media & Communications Update: Political Update: Economic Update: Regulatory Update Upcoming Submissions Selected Media… Read more »
Key News: “You might just think it’s harmless letting somebody access your bank account and getting a few hundred bucks in return, but these are crime syndicates, these are money launderers. You may well be helping to scam a vulnerable Australian out of their life savings.” ABA CEO Simon Birmingham. Interview with 2SM’s Tim Webster,… Read more »
Key News: “Every dollar of bank profits that gets reinvested into bank capital, generates on the analysis we showed this week, $4.70 of economic activity across the Australian economy.” ABA CEO Simon Birmingham. Interview with Ross Greenwood, 21 June. Media & Communications Update: Political Update: Economic Update: Regulatory Update Upcoming Submissions Selected Media Warm regards,The… Read more »