The key sectors that Capral operates in rebounded quickly as Covid restrictions lifted, the aluminium specialist reported in a recent trading update.
This recovery has continued through July and August and the business expects market conditions to remain positive for the remainder of 2020.
“Federal and State Government housing stimulus packages are having a positive impact on new house sales that will underpin recovery in the residential construction market,” said Capral. “Market share gains against imports have been maintained despite the stronger Australian dollar.”
Capral reported that its Victorian manufacturing and distribution facilities continue to operate at near full capacity through Stage 4 restrictions.