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Highlights
- Fire Incident: Cleanaway’s liquid waste processing facility in St Marys, NSW, suffered a significant fire, leading to its closure.
- No Injuries Reported: All employees and contractors are safe, with no injuries confirmed.
- Stock Movement: Cleanaway shares fell 0.4% to $2.69 following the announcement.
Cleanaway Waste Management (ASX:CWY) has reported a major fire at its liquid waste processing facility in St Marys, New South Wales. While no injuries were recorded, the site remains under the control of emergency authorities, leading to operational disruptions.
The company assured stakeholders that it is working closely with regulatory bodies to manage clean-up efforts and will conduct a thorough investigation into the cause of the fire.
Impact on Operations and Financial Outlook
As a result of the incident, Cleanaway is now redirecting customers to alternative processing facilities for materials that would have been received at the affected site.
The company plans to provide a detailed update on the fire’s financial impact during its first-half results announcement on 19 February. Investors reacted to the news with a 0.4% dip in Cleanaway’s share price, reflecting concerns over potential operational and financial consequences.
Cleanaway’s response strategy will be closely monitored in the coming weeks as it works toward restoring operations and assessing damages.
