About this episode

Kerre Woodham discusses the implications of the Government's bailout of Golden Bay Cement and its impact on the domestic cement industry.

I have so many questions around the Government bailout of Golden Bay Cement, which is not in fact manufactured in Golden Bay, but in Northland.   Fletcher owns the company and they said Golden Bay Cement operates New Zealand's only domestic cement manufacturing facility at Portland near Whangarei. It supplies nearly 60% of the cement used in New Zealand – about 95% of its output is sold domestically. Golden Bay Cement took a long hard look at the account books and participated in an independent assessment which confirmed that without support, rising costs —including carbon costs— would force the closure of the company and a shift to an import only model for cement from 2030.   So in steps the Government with a $60 million payout. They say it’s a specific one-time response to an exceptional set of circumstances, to keep the plant open at least through to 2040. In return, Golden Bay Cement has committed to continue producing cement at its Northland plant at least until 2040 and to invest at least 150 million through to 2040, phased over time. Finance Minister Nicola Willis told Heather du Plessis Allan last night the decision to offer a bailout was not made lightly and…

People in this episode

Host: Kerre Woodham

Topics covered

• Government bailout
• Cement industry
• Economic support
• Manufacturing
• Domestic production

Keywords

• bailout
• Golden Bay Cement
• Fletcher
• New Zealand cement
• economic support
• manufacturing facility
• carbon costs

Mentioned in this episode

Organizations: Golden Bay Cement, Fletcher

Places: Northland, Whangarei, New Zealand

More episodes of Kerre Woodham Mornings Podcast

• Kerre Woodham: Will we see the return from NZ First's proposal? · July 19, 2026 · 7 min
• Tania Tapsell: Rotorua Mayor discusses the dismantling of iconic the Prince's Gate Archway · July 16, 2026 · 12 min
• Jordan Williams: Taxpayers Union Director chats council rush to sign iwi agreements before RMA reform · July 16, 2026 · 9 min
• Jason Miles: NZ Principals Federation President on David Seymour's idea to ban under-16s from having smartphones · July 15, 2026 · 8 min
• Kerre Woodham: Is it better to ban smartphones or police social media? · July 15, 2026 · 6 min
• Kerre Woodham: Do celebrities and self-made millionaires make for good parliamentarians? · July 14, 2026 · 7 min

Explore listener stats, chart rankings, contacts and more on the Kerre Woodham Mornings Podcast podcast page.