Blacktown. Wattyl may close ageing plant

The Wattyl Group could shut down its ageing plant at Blacktown and other properties, and cut the company’s workforce of 1400, to reduce a $100 million debt facility, according to The Sydney Morning Herald. A company statement said that second-half earnings, before interest and tax, would be about $8 million to $9 million, a fall of 20 per cent on the year. The Wattyl Group has its national office in Norwest Business Park.