H2O to profit

EVERHARD Industries is about to release two new rainwater capture products to market and with a motto of ‘everything water’, general manager Tony Formica says innovation has been the key to growth over the last 83 years.

Already selling products ranging from household taps to storm water pipes, Formica says Everhard is investing in new machinery to improve productivity as it also expands its international reach.

“With RainIQ and H2Duo, these will significantly increase the effectiveness of rainwater capture and ensure the maximum utilisation of rainwater, thus decreasing household demands for town water – this is a very exciting development,” he says.

“We are constantly improving our products to better meet our customers’ water management requirements — whether that is in times of drought when water is so precious, or in times of really intense rain events when effectively getting the water away from your home or business premises can avert massive damage and costs.

“Over the past few years we have begun building more overseas markets, establishing an international division that has achieved success in the South Pacific Islands, Singapore, Taiwan, China and South Africa.”

Employing 250 staff with four pre-cast concrete plants spread from Brisbane to Cairns, Formica says Everhard has built a reputation as a company that can be relied on to take water diversion, containment and treatment seriously.

The last year has been difficult for Everhard with a slump in housing construction affecting sales, but Formica is not content just to wait for the recovery.

“We’re confident we have the expertise to survive as manufacturers, as well as distributors, in Australia but we need to be lean and very focused,” he says.

“The thing I enjoy most about my job at Everhard is being a part of the continual improvement of a business that has been such a significant part of so many people’s lives.”

Formica would not leak revenue figures.

Get our daily business news

Sign up to our free email news updates.

 
Whitefox Recruitment founder Luke Hemmings making strides as a careers leader
Partner Content
After relocating his Canberra-founded company Whitefox Recruitment to the Gold Coast la...
Whitefox Recruitment
Advertisement

Related Stories

ASIC secures its first court win for greenwashing against US giant Vanguard

ASIC secures its first court win for greenwashing against US giant Vanguard

The Australian corporate watchdog has caught out one of the world&r...

Medicinal cannabis group Althea shaves $1.5m from its cost base through staff cutbacks

Medicinal cannabis group Althea shaves $1.5m from its cost base through staff cutbacks

Australian-founded medicinal cannabis company Althea Group (ASX: AG...

Charter Hall snares 15pc stake in Hotel Property Investments for $97m from 360 Capital

Charter Hall snares 15pc stake in Hotel Property Investments for $97m from 360 Capital

Listed funds manager 360 Capital Group (ASX: TGP) has offloaded its...

The party’s over: Splendour in the Grass festival cancelled for 2024

The party’s over: Splendour in the Grass festival cancelled for 2024

Splendour in the Grass, Australia’s largest winter music fest...