Holcim (NZ) Ltd said yesterday it would spend more than $100 million for a new import terminal over the next 3 years, but hasn’t decided yet where it will be.
Managing director Jeremy Smith said the terminal would allow Holcim to import & distribute bulk cement and would be modelled on similar Holcim operations throughout the world.
“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 worldwide supply network to ensure that our New Zealand customers receive cement of a quality & specification suitable for New Zealand conditions.”
Mr Smith said the company was investigating options at a number of New Zealand ports. Once the terminal was operational, imported cement would replace local production at the company’s Westport plant, which Holcim had signalled for some years was not sustainable long-term.
The decision also means 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 its land assets.
Attribution: Company release.