Brickworks and Robotic technology company FBR have today announced a 50/50 joint venture.
The companies have established Fastbrick Australia with 50/50 ownership between the parties which will provide Wall as a Service to the Australian market.
Initial Wall as a Service operations will commence shortly and will be focused on residential construction.
FBR says it’s very pleased to have a joint venture partner in Australia with the reputation and scale of Brickworks to jointly offer Wall as a Service to the Australian market.
Shares in Brickworks (ASX:BKW) closed 1.08 per cent lower at $16.53 on Friday.