KiwiRail fails to find buyer for Hillside; Foundry sold to Australia’s Bradken

Thu, 15 Nov 2012

Nov 15 (BusinessDesk) - KiwiRail has failed to find a buyer for its unprofitable Hillside Workshops in Dunedin apart from the foundry operation, which it has conditional agreement to sell to ASX-listed manufacturer Bradken for an undisclosed sum. The heavy lift facility at the 7.2 hectare Hillside site will now be operated by stat-owned KiwiRail’s freight business and other operations will be progressively closed down over the next few months as work is either completed or transferred to the Hutt Workshops. “Despite a rigorous sales campaign...

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