Join our daily newsletter At The Bell to receive exclusive market insights
- Modular building company Fleetwood (FWD) secure a $32 million contract for the new quarantine facility in Melbourne
- The Centre for National Resilience is a purpose build 1000-bed facility owned and operated by the Australian Government
- Under the deal, the manufacturing company will use its facilities to deliver 500 beds by the end of 2021
- Fleetwood is up 2.64 per cent and is trading at $2.33 per share at 2:55 pm AEST
Fleetwood (FWD) has secured a $32 million contract for the new 1000-bed quarantine facility, The Centre for National Resilience, in Melbourne.
Under the deal, the manufacturing company will use its facilities to deliver 500 beds by the end of 2021.
The Centre for National Resilience is a purpose-built quarantine facility, built and owned by the Federal Government. It will be operated by the Victorian Government during the COVID-19 pandemic.
Fleetwood is a leader in the modular construction industry in Australia and a key supplier to the education, health, custodial, mining and affordable housing sectors.
CEO Bruce Nicholson is pleased that Fleetwood is playing a key role in the response to the COVID-19 pandemic.
“This is an outstanding outcome for the company and highlights the strengths of using innovative offsite manufacturing to deliver highly effective and efficient products with strong sustainability credentials,” he said.
“Our staff and shareholders should also be very proud that their company, in this partnership with the Commonwealth, is helping deliver the solution for Australians to return to a normal way-of-life.”
“We are also confident that this contract will bode well for opportunities to take part in subsequent expansions and new facility builds that are being proposed.”
Fleetwood was up 2.64 per cent trading at $2.33 per share at 2:55 pm AEST.
