Displaying items by tag: Fletcher Building

New Zealand: Fletcher Building says that its Golden Bay Cement plant in Auckland was forced stop its cement mill for four weeks in September 2018. It said it had insurance to cover this but that its earnings for its 2019 financial year are likely to be impacted by up to US$8m. Generally, the building materials producer reported that, until the end of October 2018, its business in New Zealand had been flat. In Australia it is facing ‘challenging’ conditions with growing input prices and a slowing residential sector.

New Zealand: Fletcher Building has appointed Ian Jones as the chief executive of its newly created Concrete Division. The new division includes Golden Bay Cement, Winstone Aggregates and Firth. The appointment is a move by the Antipodean building materials company to focus its business on core operations in building products and distribution. The group also plans to sell its Formica and Roof Tile Group businesses.

New Zealand: Golden Bay Cement plans to start shipping cement directly from its integrated plant at Whangarei, Northland in the North Island. Previously, cement from the plant was being shipped to the South Island via Auckland, according to the New Zealand Herald newspaper. Once the logistic change is completed around 11% of Whangarei’s output will be shipped to the South Island.