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BRIEF-Cleanaway Waste Management Says Materials Recycling Facility Damaged By Fire

Published 26/11/2019, 09:58 am
© Reuters.  BRIEF-Cleanaway Waste Management Says Materials Recycling Facility Damaged By Fire
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Nov 26 (Reuters) - Cleanaway Waste Management (NYSE:WM) Ltd CWY.AX :

* MATERIALS RECYCLING FACILITY IN GUILDFORD, WESTERN AUSTRALIA WAS DAMAGED BY A FIRE ON MONDAY 25 NOVEMBER

* CLEANAWAY IS WORKING WITH ITS CUSTOMERS AND OTHER SUPPLIERS TO DETERMINE ALTERNATIVE PROCESSING SOLUTIONS

* INCIDENT WILL NOT HAVE A MATERIAL IMPACT ON ITS UNDERLYING EBITDA FOR H1 OF FY20 OR FULL YEAR OF FY20

* INTENDS TO REBUILD SITE; WILL COMMENCE PROCESS OF RECOVERING LOSSES ARISING FROM INCIDENT UNDER EXISTING INSURANCES

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