Concrete alliance crumbles

Concrete alliance crumbles
No further concrete plans for NZ cement alliance. (Image: Getty)
Pattrick Smellie
Invercargill heavy transport player HW Richardson and Swiss-owned cement maker Holcim are ending a more than 30-year-old joint venture, with the two firms splitting up the cement-making and distribution businesses owned by Allied Concrete.Registered as AML Ltd, Allied Concrete was formed as a joint venture in 1989, according to the HW Richardson website and in 2013, Holcim-branded NZ operations all moved under the Allied Concrete brand “in an effort to consolidate market presence by AML”.However, AML’s owners announced the int...

More Finance

Todd Corporation: the reset
Finance

Todd Corporation: the reset

Legacy gas assets will give way to a focus on solar electricity generation.

Pattrick Smellie 13 Dec 2024
Kiwibank won't bring banking Revolut-ion
Finance

Kiwibank won't bring banking Revolut-ion

Forget Kiwibank. Revolut is the force big banks will have to reckon with, expert says.

FMA to oversee ‘regulatory sandbox’ for fintechs
Finance

FMA to oversee ‘regulatory sandbox’ for fintechs

The initiative aims to speed up financial services innovation and regulation in NZ.

Ben Moore 12 Dec 2024
Todd Corp: what went wrong?
Finance

Todd Corp: what went wrong?

A dividend freeze as the family empire rebuilds for the future.

Pattrick Smellie 12 Dec 2024