Holcim prepares proposal, New Zealand

Holcim prepares proposal, New Zealand
14 December 2009

Further investigations into a new US$400m cement plant near Weston have been given the go-ahead as Holcim (New Zealand) Ltd prepares a case for its parent company in Switzerland.

The New Zealand board of directors was updated on the development last month and has now given its approval for further work on the formal proposal which it would present to Holcim’s international board later next year.

Holcim’s capital projects manager Ken Cowie said yesterday the international board would make a final decision on whether to build the plant and develop the associated limestone, tuff, sand and coal quarries it needed.

In August, the Environment Court granted resource consents for the project.

Holcim’s cement supply options project team would now complete the detailed costings, a feasibility study and business case, factoring in conditions imposed on the consents by the court.

After that, further steps needed to progress the project included. -

• The New Zealand board of directors deciding whether to endorse the formal proposal to Holcim Ltd executive committee in Switzerland.

• If the executive committee approved it, it would go to the Holcim parent’s board for final consideration.

Published under Cement News