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

BNZ unfazed by surcharge ban amid Payap push
Finance

BNZ unfazed by surcharge ban amid Payap push

BNZ says its 'Swerve the surcharge' ads were planned ahead of the ban.

ComCom taking Westpac to court over CCCFA breach
Finance

ComCom taking Westpac to court over CCCFA breach

More than 14,000 Westpac customers affected by CCCFA breach, ComCom said.

Garth Bray 25 Aug 2025
Stop raising bank capital ratios now, says competition report
Finance

Stop raising bank capital ratios now, says competition report

Select committee recommends an immediate end to increasing capital ratios. 

Pattrick Smellie 22 Aug 2025