Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


New Zealand Steel Announces Expansion Project

New Zealand Steel Announces Expansion Project

Auckland, May 27 – New Zealand Steel today announced capital expenditure of NZ$15 million to upgrade the Metal Coating Plant at the Glenbrook Steel Mill.

President New Zealand Steel, Mr Bill Jacob said: “BHP Steel has approved NZ$15 million capital expenditure over the next year to upgrade our Metal Coating Plant enabling us to produce an additional 24,000 tonnes of our premium metallic coated steel products a year. This will provide us with more than 10% increase in our current capacity and the flexibility to meet swings in market demand.

“Demand in the New Zealand domestic market and our core export markets is nearing current capacity and we see this upgrade as an important commitment to our customers and consolidation of New Zealand Steel’s ability to service their future needs.

“This is a tremendous demonstration of BHP Steel’s faith in the future of New Zealand Steel, and a tangible endorsement of our strategic direction,” Mr Jacob said.

The Project involves modifications to the existing New Zealand Steel Metal Coating Plant to allow a range of products to run at higher line speeds, and consequently at higher throughput. The plant upgrade modifications include additional annealing capacity with commissioning planned for early 2004.

New Zealand Steel is one of New Zealand’s largest employers and a business of BHP Steel Limited, which is listed on the Australian Stock Exchange. BHP Steel is the leading steel company in Australia and New Zealand, supplying around 80 percent of all flat steel products sold in these markets.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>