Metricon

The Victorian treasurer is meeting with construction company Metricon Homes amid reports the business is on the verge of collapse.

But he said it remained “strong and viable”. The Victorian government is one of Metricon Homes’ biggest clients. “Whether it is skilled workers on site or whether it is labourers, this is something that everyone I speak to in this sector is worried about.” “We understand the pressure on builders on the eastern seaboard due to increases in costs, and the impacts this is having on the construction industry and residential clients,” he said. “We are focused on the business running as smoothly as possible, servicing all our customers and continuing to get homes to site and completed on time.” Afterward, Mr Pallas said Metricon told the government that “all its trade creditors have been paid in full and on time and Metricon expects this to continue”.

Australia's largest home builder, Metricon, will today hold crisis talks in Melbourne but has denied it's o...

He said the government was hopeful Metricon would be able to work through its "challenges". "They are engaging also with the Victorian government and the housing minister has been given my instructions to ensure they are engaging with them and working through these issues." "The priority here is to ensure that people get their homes built, sites remain open and that the company is able to get through these difficulties," Morrison said.

Australia's largest home builder has denied any solvency problem as rumours swirl following the sudden death of founder Mario Biasin.

Biasin told The Age in December that global supply chain hold-ups were extending the time it took to build a regular 200-square-metre, single-storey home by a month. Sarah Danckertis a business reporter who specialises in investigations and corporate wrongdoing. A spokesman for the bank declined to comment. She said Metricon did not seek a bailout but indicated the company was under financial pressure. “During the pandemic, Metricon was a lead supporter in MBV’s COVID-19 advocacy campaigns to ensure the Victorian building and construction industry remained safe and open for businesses, safeguarding hundreds of thousands of jobs. Industry sources said Metricon has been seeking to buy back contracts from clients that had been struck before the cost of goods, labour and materials shot up as a result of inflationary pressures and supply chain constraints.

“All the stories of impending doom are untrue,” acting chief executive, Peter Langfelder, said in an email to staff on Thursday morning. “We have a strong and ...

Biasin told The Age in December that global supply chain hold-ups were blowing out the time it took to build a regular 200-square-metre, single-storey home by a month. Sarah Danckertis a business reporter who specialises in investigations and corporate wrongdoing. As a Metricon client, he said the state government would do whatever it could to support the firm through difficult times. But a government spokeswoman confirmed the company did indicate it was under financial pressure. “All the stories of impending doom are untrue,” acting chief executive, Peter Langfelder, said in an email to staff on Thursday morning. But the firm, Australia’s largest home builder, has denied any solvency issues and all suggestions it is facing potential collapse.

It comes after the sudden death of Metricon founder and CEO Mario Biasin. Metricon has since denied reports it's on the verge of collapse, but officials are set ...

“We are saddened by the passing of Mario and it’s time for the industry to really stick together and not get caught up in these rumours that are going around at the moment.” “We are in close contact with Metricon, at the moment, and we are optimistic about their future,” she said on 3AW. The Master Builders Association of Victoria has called for calm about the future of Metricon, urging members, clients and the public to “not get caught up in these rumours” about the company’s future.

Just days after the sudden and unexpected death of Metricon founder and CEO Mario Biasin (pictured below), the construction giant's acting chief executive ...

Mario will be sorely missed and our thoughts are with his wife Glenda and the entire Biasin family at this difficult time.” Our hearts and thoughts are with the Biasin family,” Palazzesi said. “Mario has been a shareholder and director of the club for over 16 years, and has been an inspiration for many of us in so many ways, but especially as a great personal friend. “Metricon is a valued member of Master Builders Victoria. We are in close contact with them, and we are very optimistic about the company’s future,” Casson said. “As friends and colleagues of Mario, we are shocked and so saddened by the news. “We are focused on the business running as smoothly as possible, servicing all our customers and continuing to get homes to site and completed on time.”

Acting chief executive of Australia's largest homebuilder says company will continue business as usual after founder's death.

It is not clear whether Metricon was part of this expansion. “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 homebuilder in the country, we are the ones to deliver.”