Fletcher Building warned of $345m potential hit if it closed Golden Bay Cement factory before $60m Government deal reached

Anne GibsonProperty Editor·NZ Herald·20 Jul, 2026 02:00 AM3 mins to read‌Golden Bay Cement in Northland faced closure if it didn't get the $60m Government money. Photo / Rebecca StevensonGolden Bay Cement in Northland faced closure if it didn't get the $60m Government money. Photo / Rebecca StevensonClosing Golden Bay Cement could have cost $345 million, Fletcher Building calculated, before arguing for a tariff on imported cement and getting $60m from the Government to keep its plant near Whangārei open. The company said that if it had not got the money, “rising costs, including carbon costs, would