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

 


Skellerup commits to $30 million Christchurch investment

18 June 2014

Skellerup commits to $30 million Christchurch investment

Skellerup today announced it will enter into a contract with Calder Stewart Industries Limited to build a new world-class Dairy Rubberware Development and Manufacturing facility at the Wigram Business Park developed by Ngāi Tahu Property Limited.

The contract will be formally signed today by Skellerup Holdings Chairman Sir Selwyn Cushing and Calder Stewart’s joint Managing Director Alan Stewart.

Construction of the 18,900 square metre facility will begin soon after and is scheduled to be completed by December 2015. Sir Ron Carter, who has extensive major project business and engineering expertise, is overseeing the project for Skellerup. The approximately 200 staff now employed at the earthquake damaged Woolston facility are expected to begin the staged transition to Wigram immediately upon completion.

Skellerup CEO David Mair says the integrated layout of the new facility offers considerable efficiencies over the multi-building complex at Woolston.

“This is another significant step for our Dairy business and great news for Christchurch. In addition to providing improved working conditions for staff, the new facility will capture process, flow and efficiency gains, further strengthening the operations of our dairy rubberware manufacturing business.”

Calder Stewart was awarded the fixed price design and build contract for the construction of Skellerup’s new Dairy Rubberware Development & Manufacturing facility following a competitive tender.

“Skellerup is delighted to be working with another well-recognised South Island business to bring about this significant development,” David Mair says. The facility will be located on a 3.4 hectare site acquired by Skellerup in May 2013 from Wigram Business Park developers, Ngāi Tahu Property. The site provides easy access to both Christchurch Airport and the Port of Lyttelton.

Calder Stewart Co-Managing Director Alan Stewart said the Skellerup project added to the list of significant contracts the company has underway.

Total project investment inclusive of levies and project management costs is estimated at approximately $30 million which is partially covered by insurance proceeds from the settlement with insurers in respect of the damage suffered at its Woolston site from the Canterbury earthquakes of 2010 and 2011.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news