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

 

Tourism: China Southern Airlines To Fly To Christchurch

China Southern Airlines, in partnership with Christchurch Airport and the South Island tourism industry, has announced today it will begin flying directly between Guangzhou, Mainland China and the South Island. More>>

ALSO:

Dodgy: Truck Shops Come Under Scrutiny

Mobile traders, or truck shops, target poorer communities, particularly in Auckland, with non-compliant contracts, steep prices and often lower-quality goods than can be bought at ordinary shops, a Commerce Commission investigation has found. More>>

ALSO:

Auckland Transport: Government, Council Agree On Funding Approach

The government and Auckland Council have reached a detente over transport funding, establishing a one-year, collaborative timetable for decisions on funding for the city's transport infrastructure growth in the next 30 years after the government refused to fund the $2 billion of short and medium-term plans outlined in Auckland's draft Unitary Plan. More>>

ALSO:

Bullish On China Shock: Slumping Equities, Commodities May Continue, But Not A GFC

The biggest selloff in stock markets in at least four years, slumping commodity prices and a surge in Wall Street's fear gauge don't mean the world economy is heading for another global financial crisis, fund managers say. More>>

ALSO:

Real Estate: Investors Driving Up Auckland Housing Risk - RBNZ

The growing presence of investors in Auckland's property market is increasing the risks, and is likely to both amplify the housing cycle and worsen the potential damage from a downturn both to the financial system and the broader economy, said Reserve Bank deputy governor Grant Spencer. More>>

ALSO:

Annual Record: Overseas Visitors Hit 3 Million Milestone

Visitor arrivals to New Zealand surpassed 3 million for the first time in the July 2015 year, Statistics New Zealand said today. The record-breaking 3,002,982 visitors this year was 7 percent higher than the July 2014 year. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news