Holcim seek tenders for construction of a new plant on New Zealand’s South Island before making a final investment proposal for the project.
Tenders will be sought later this year, though the exact timing is yet to be settled, Mary Pauwels, a spokeswoman for Holcim New Zealand said. The company is refining the costs of the project and aims to put its proposal to its Swiss parent by year-end, she said.
Holcim has been considering the project near Oamaru since 2006 to replace its ageing Westport plant. The company received planning approval in August for the 880,000tpa project that was priced in 2008 at NZ$500m (US$362m), including new port infrastructure and ships.
"Until now we’ve only had higher level costing estimates," Ken Cowie, Holcim New Zealand’s capital projects manager, said in a statement today. "Reviewing mechanical, electrical and civil aspects of the plant construction will give us a more accurate capital cost. These costings will be further refined through the tendering process."