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Holcim plans import terminal

Holcim (NZ) Ltd said yesterday it would spend more than $100 million for a new import terminal over the next 3 years, but hasn’t decided yet where it will be.

Managing director Jeremy Smith said the terminal would allow Holcim to import & distribute bulk cement and would be modelled on similar Holcim operations throughout the world.

“This represents a substantial commitment by Holcim to the New Zealand building materials market. It means we will be able to leverage off the vast resources available through the Holcim worldwide supply network to ensure that our New Zealand customers receive cement of a quality & specification suitable for New Zealand conditions.”

Mr Smith said the company was investigating options at a number of New Zealand ports. Once the terminal was operational, imported cement would replace local production at the company’s Westport plant, which Holcim had signalled for some years was not sustainable long-term.

The decision also means the proposal for a new cement plant at Weston, near Oamaru, is on hold for the foreseeable future, but Holcim will continue to maintain ownership of its land assets.

Attribution: Company release.

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Cendant adds biggest Hawaii broker to real estate division ahead of breakup

Published 5 November 2005

Cendant Corp – which plans to separate into 4 independent, publicly traded companies for each of its business streams (real estate, travel distribution, hospitality & vehicle rental) – has added 2 more divisions to its real estate business.

Its real estate services subsidiary, NRT Inc, has bought Coldwell Banker Pacific Properties Ltd & Coldwell Banker Commercial Pacific Properties Ltd of Honolulu.

Coldwell Banker is Hawaii’s biggest residential brokerage, accounting for $US2 billion in completed sales in the past year. NRT is the biggest US residential brokerage, completing $US204 billion of sales last year.

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