Holcim to operate Wellington Quarry

20 July 2009

Leading supplier of cement, aggregates, concrete and lime, Holcim (New Zealand) Ltd, has signed an agreement with Atom Hire Ltd to acquire the operations of Kiwi Point Quarry and Martinborough Sand and Gravel from 1 August 2009.

The quarry, located in Ngauranga Gorge, annually produces 350,000 tonnes of aggregates used in concrete construction and for asphalting roads and highways across the Wellington region. Martinborough Sand and Gravel process alluvial material in the Southern Wairarapa supplying product locally and to the wider Wellington region.

Announcing the move, Holcim New Zealand Managing Director, Jeremy Smith said, "Taking over the operation of Kiwi Point Quarry reflects Holcim New Zealand's desire to expand its quarry interests. Kiwi Point is a well run operation and acquiring it provides Holcim with the opportunity to expand into the Wellington region."

The company currently owns quarries in Bombay and Hastings supplying approximately one million tonnes of premium aggregates annually, primarily to the concrete and roading markets. It also has interests in other quarry operations - Millbrook Quarries (50% owned) and Atlas Resources (25% owned).

The twenty five existing staff, currently employed by contractor Atom Hire Ltd, will come under Holcim management from 1 August.

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Holcim (New Zealand) Ltd is a leading New Zealand supplier of cement, aggregates, ready mixed concrete and lime. Its involvement in the New Zealand building industry dates back to 1888, and today it operates more than 37 sites and employs approximately 530 people. It is part of the Holcim Group, one of the world's largest cement companies represented in over 70 countries and on all continents.

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For further information please contact:
Mary Pauwels Ph 021 451 084

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Internet: www.holcim.com/nz