Brickworks MD on Virus Impact, Stimulus for Homebuyers

The video discusses the impact of the pandemic on the industry, highlighting job cuts and plant closures, particularly in North America. It contrasts the positive business outlook in Australia, driven by government stimulus, with challenges in the US market, including commercial work slowdowns and plant shutdowns. The company has undergone restructuring and is cautious about future plans, focusing on maintaining stability. Acquisitions and capital works are ongoing, albeit limited. The government stimulus in Australia has positively impacted employment, leading to a shift towards regional areas. The company remains committed to its investment strategies.

What has been a significant factor in the positive business outlook in Australia?

• Expansion of urban areas

• Increased immigration

• Rising student numbers

• Government stimulus for new home buyers

What was one of the main reasons for the slowdown in commercial work in the US?

• High material costs

• Increased competition

• Reduced numbers on sites

• Lack of skilled labor

How did the company respond to the plant closures in Pennsylvania?

• Shifted production to other countries

• Accelerated rationalization plans

• Opened new plants

• Increased workforce

What is the company's current stance on acquisitions?

• Selling off recent acquisitions

• Putting acquisitions on hold

• Focusing on small acquisitions

• Actively seeking large acquisitions

What trend is being observed in housing preferences post-pandemic?

• Shift towards regional areas and larger homes

• Preference for smaller homes

• Increased demand for city apartments

• Decline in home renovations