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Property Slowdown Forces Timber-frame Factories To Close With Loss Of 90 Jobs

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http://www.sbpost.ie/post/pages/p/story.as...4915-qqqx=1.asp

Property slowdown forces timber-frame factories to close with loss of 90 jobs

03 August 2008 By Ian Kehoe

The Goodwin Group, a builders’ providers and timber-frame housing company, is closing two timber-frame factories with the loss of 90 jobs.

The company is closing its manufacturing facilities in Carlow and Cardiff as a result of the marked slowdown in the property sector. The operating company behind the timber-frame division will be placed into liquidation in the coming days.

Established in 2001, Goodwin’s Timber Frame became one of the largest producers of timber-frame housing, making up to 4,000 units a year for the British and Irish markets. The division had revenues of about €20 million last year.

The company opened a 90,000 square foot plant in Carlow in 2004, which employed about 50 people. A further 40 people were employed in an 80,000 square foot premises on the outskirts of Cardiff, which was supported by the Welsh Development Authority.

Jonathan Goodwin, managing director of the Goodwin Group, described the decision to close the factories as ‘‘a major blow’’, but said that the group had little choice given the downturn in the property sector.

Goodwin established Goodwin’s Timber Frame as a direct response to the changes in the market. As recently as 15 years ago, timber homes accounted for just 1 per cent of all new homes being built in the country.

That figure now stands at about 33 per cent, and it is expected to rise to about 50 per cent by the end of the decade.

The Goodwin Group also operates two builders’ providers in Dublin, which will continue to trade. Between timber frame and the providers outlets, the Goodwin Group had revenues last year approaching €50 million.

The company has also developed between 40 and 50 houses over the past five years.

lumber and timber gags ?

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Guest sillybear2

"supported by the Welsh Development Authority"

Interesting, without wanting to be rude, is there actually any free enterprise in Wales? Timber frames were used in most of those BTL boxes, so simply another bubble propped up by tax payers money.

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  • 396 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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