Government giving $60 million funding boost to save cement producer

Checkpoint · Jul 20, 2026 · 8m

Taxpayers are kicking in tens of millions of dollars to save a cement company owned by Fletcher Building, with the government saying it's an exceptional case. Golden Bay Cement is getting a one off grant of up to $60 million. In return, the company will invest $150 million into modernising its plant, and will keep producing cement until at least 2040.