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


Indiana Limestone increases output

Improved construction conditions and product strengths boost sale of limestone says Indiana Limestone Co. More

IronPlanet to conduct first online machinery auction for West African clients

Online auction company IronPlanet will conduct its first West African online auction for surface and mining equipment, and construction machinery on 3 September 2014. More

Advertise Here