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

 


Holcim Invests in Cement Import Terminal

Holcim Invests in Cement Import Terminal

1 August 2013 – Holcim (New Zealand) Ltd will spend more than NZD 100M over the next three years constructing an import terminal and related infrastructure that will allow it to import and distribute bulk cement for supply to the New Zealand market. The terminal, which is expected to be operational in 2 – 3 years time, will be based on similar Holcim operations throughout the world.

Announcing the decision, Holcim (New Zealand) Ltd Managing Director Jeremy Smith said: “This represents a substantial commitment by Holcim to the New Zealand building materials market. It means we will be able to leverage off the vast resources available through the Holcim Ltd worldwide supply network to ensure that our New Zealand customers receive cement of a quality and specification suitable for New Zealand conditions.”

The location of Holcim New Zealand’s new import terminal is yet to be finalised and the company is investigating options at a number of New Zealand ports.

Once operational, cement imported through the new terminal will replace local production at the company’s Westport cement plant. Holcim New Zealand has signaled for some years that the Westport plant was not sustainable long term. The decision also means that the proposal for a new cement plant at Weston, near Oamaru, is on hold for the foreseeable future but Holcim will continue to maintain ownership of their land assets.

“We recognise that this decision has an impact for our staff, customers and for the Westport and Weston communities. It’s one we’ve arrived at after extensively investigating a range of cement supply options and we will be working through the implications with those who will be impacted by the move,” Jeremy Smith said. “For the current economic environment, constructing an import terminal and importing cement is simply the most appropriate decision.”

Holcim (New Zealand) Ltd is a leading New Zealand supplier of cement, aggregates and lime. Its involvement in the New Zealand building industry dates back to 1888, and today it operates more than 30 sites and employs approximately 420 people. It is part of the Holcim Group, one of the world’s leading suppliers of cement, aggregates and construction-related services represented in around 70 countries on all continents.

www.holcim.com/nz

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Genetics: New Heat Tolerant Cow Developed

Hamilton, New Zealand-based Dairy Solutionz Ltd has led an expert genetics team to develop a new dairy cow breed conditioned to thrive in lower elevation tropical climates and achieve high milk production under heat stress. More>>

Scoop Business: NZ Net Migration Rises To Annual Record In September

New Zealand’s annual net migration rose to a record in September, beating government forecasts, as the inflow was spurred by student arrivals from India and Kiwis returning home from Australia. More>>

ALSO:

Scoop Business: Fletcher To Close Its Christchurch Insulation Plant, Cut 29 Jobs

Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. More>>

ALSO:

Scoop Business: Novartis Adds Nine New Treatments Under Pharmac Deal

Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More>>

ALSO:

Crown Accounts: English Wary On Tax Take, Could Threaten Surplus

Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the potential impact of slumping receipts from agricultural exports. More>>

ALSO:

Auckland Outage: Power Mostly Restored Overnight

Vector wishes to advise that all but 324 customers have been restored overnight. These customers are spread throughout the network in small pockets. The main St Johns feeder was restored around midnight allowing most of the customers in all affected areas to have power this morning. More>>

ALSO:

Half Empty: Dairy Prices Drop To Lowest Since August 2009

Dairy product prices fell to the lowest level in more than five years in the latest GlobalDairyTrade auction, led by declines in butter milk powder and whole milk powder. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand

Mosh Social Media
 
More RSS  RSS
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news