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Metricon confirmed as a strong viable business

Thursday, 19 May 2022

Media Release

Metricon today reaffirmed its long-term viability, following the sudden death of co-founder and CEO Mario Biasin on Monday.

Acting CEO Peter Langfelder fronted the media this afternoon, in an effort to put an end to baseless rumours.

“Metricon is a long-term, viable business, with a strong history of performance.”

“All our contracts are profitable, and we are up to date with all our payments: to contractors, suppliers, employees and trades,” Langfelder said.

The company has more than 4,000 homes currently under construction across Australia’s eastern seaboard.

Langfelder also emphasized the company’s relationship with the bank was longstanding.

“We have a strong and positive relationship with our bankers and all facilities are in term, and with headroom.”

Langfelder was joined by suppliers Mario Vallese from Beston Plumbing and Southern Star Windows’ Paul Armstrong who pledged their support for Metricon and urged others to take their lead.