The Government of New Zealand has granted Golden Bay Cement up to $60 million to support the continued operation of Golden Bay Cement’s Northland operations. The company, which is part of Fletcher Building, has committed to continue producing cement at its Northland plant until at least 2040, and to invest at least $150 million through to 2040. The plant is the only domestic cement manufacturing facility at Portland, near Whangārei (photo), supplying nearly 60% of the cement used in New Zealand with approximately 95% of its output sold domestically. The proposed investment will be phased over time and remains subject to Fletcher Building’s normal capital governance and approval processes, with the specific program to be agreed with the Government.