Latest News


Keyword Search

RegionB

Asia / Oceania

Holcim New Zealand makes profit

Apr, 23 2012


(New Zealand) -- Holcim New Zealand has reported an after-tax surplus of US$6.77m in 2011 according to its annual report.

Total revenue for the year fell by 1.55% to US$214 from US$217m in 2010. Sales of cement fell slightly in 2011 and have been in decline since mid-2008. The national use of cement is a quarter lower than the last peak in 2007.

Notably a proposed new cement plant at Weston, near Oamaru, was on hold because of global economic uncertainty and would not be considered again before late in 2012, the annual report said. However, Holcim's partnerships with large construction companies brought several new projects in 2011, including the Fisher & Paykel Healthcare plant in Auckland and the Auckland District Health Board's six-level car park. Customers south of Christchurch were serviced from Dunedin and bagged cement for Christchurch came from Nelson and Dunedin while bulk cement for Holcim's Sockburn silos was railed from Westport and trucked from Dunedin.

Source:

Bookmark and Share
Comments
0 Comment(s)
Add Your Comments


Anglo American confirms sale of 50% interest in Lafarge Tarmac

Mining group Anglo American has confirmed the sale of its 50% stake in Lafarge Tarmac to Lafarge More

Houser Asphalt in Ohio buys new building

Dayton, Ohio-based Houser Asphalt is moving its fleet storage as it experiences growing demand More

Advertise Here