XLam says talk of sell-off is way off the mark

Australasian Timber - - NEWS -

Con­trary to a re­cent me­dia re­lease XLam is not ‘up-for­sale’ nor ‘sell­ing-off’ any busi­ness units/ di­vi­sions and is not ex­pe­ri­enc­ing fi­nan­cial stress. Staff and cus­tomers have been as­sured that the or­gan­i­sa­tion is per­form­ing to­ward its agreed plan and gain­ing mo­men­tum as an al­ter­na­tive build­ing solutions provider in the con­struc­tion sec­tor. The XLam Board and Se­nior Man­age­ment team felt it nec­es­sary to si­lence any ru­mours and that it re­mains com­mit­ted to de­liv­er­ing in­no­va­tive solutions that in­crease value in con­struc­tion. “XLam are cur­rently thriv­ing from an op­er­a­tional stand­point as we con­tinue to see ro­bust project sales and build strong re­la­tion­ships with some of the most recog­nis­able con­struc­tion com­pa­nies throughout Aus­tralia, New Zealand and Asia,” said Shane Robert­son, XLam CEO. “Fol­low­ing a thor­ough eval­u­a­tion of the XLam op­er­a­tions we feel we have the right staff, strat­egy and ca­pa­bil­i­ties to ac­cel­er­ate per­for­mance into the next ex­cit­ing phase of our jour­ney. “Our busi­ness is in a start-up phase and re­mains ex­cep­tion­ally strong. “It is im­por­tant that we recog­nise that busi­nesses are about peo­ple and that mak­ing un­founded claims/ac­cu­sa­tions in the pub­lic fo­rum can have a desta­bil­is­ing ef­fect on a flour­ish­ing busi­ness,” said Mr Robert­son. Gary Caulfield, XLam Gen­eral Man­ager, was un­equiv­o­cal when he said “XLam is not for sale, and we do not have fi­nan­cial is­sues or con­cerns”. Mr Caulfield said suc­cess as an al­ter­na­tive con­struc­tion solutions com­pany over the past five years was due to a num­ber of fac­tors, in­clud­ing a high­lyskilled work­force, sup­port from cus­tomers within lo­cal and in­ter­na­tional mar­kets, and the fore­sight from the Board. “We have a five-year strate­gic plan fo­cus­ing on mak­ing im­prove­ments to op­ti­mise our in­te­grated busi­ness and sup­port the con­tin­ued sup­ply of high-qual­ity, lo­cally pro­duced pre­fab­ri­cated struc­tural tim­ber solutions,” said Mr Caulfield. “XLam is en­cour­aged by the on­go­ing adop­tion of mod­ern meth­ods of con­struc­tion throughout Aus­trala­sia. De­spite the vary­ing lev­els of adop­tion, the signs are en­cour­ag­ing for our in­dus­try.” Mr Caulfield said. XLam re­mained com­mit­ted to sup­port­ing those who recog­nise there is a bet­ter way to build, and it ac­knowl­edged the pioneer­ing ef­forts of com­pa­nies such as Strong­build. “As an in­no­va­tive in­dus­try leader, Strong­build brought tal­ent, ex­pe­ri­ence and drive to the fore­front of the con­struc­tion process and we con­tinue to hold Strong­build in high es­teem, tak­ing much in­spi­ra­tion from their work,” said Mr Caulfield.

“Si­lenc­ing ru­mours and pro­vid­ing con­fi­dence to staff, cur­rent and fu­ture cus­tomers and the wider mar­ket”

■ Gary Caulfield, XLam Gen­eral Man­ager

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