A Queensland brickworks company formed in the 1800s has entered voluntary administration, the latest collapse in an industry contending with high energy costs and a rapidly slowing property market.
Claypave, which operates a brick manufacturing plant in Ipswich, has appointed insolvency firm Worrells as administrators.
Up to 50 employees risk losing their jobs at the business, which exports to Japan, Europe and the United States.
Headwinds in the housing market has weighed heavily on Australian manufacturing, with Brickworks chief executive Lindsay Partridge predicting more pain for the industry at the recent release of his companys financial results.
Partridge said that the building products manufacturer would be seeking opportunities in…
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