Government approves $60m support for Fletcher Building’s Golden Bay Cement plant
Cabinet has approved a $60 million commitment to support Fletcher Building's Golden Bay Cement operation, with critics saying it amounts to another subsidy.
The Government has approved a $60 million package to support Golden Bay Cement, operated by Fletcher Building. Critics have questioned the move, noting that Fletcher Building's cement operation was already receiving millions in taxpayer-backed carbon support. The company received nearly 489,000 free New Zealand carbon units in 2024 alone.
Covered byBusinessDeskinterest.co.nzNot covered byRNZStuffNZ Herald1NewsNewstalk ZBOtago Daily TimesNewsroomThe Spinoff
Coverage across the news outlets we track, as at publication.
What outlets are saying
interest.co.nz
The more interesting number than the $60m government commitment to Fletcher Building's cement plant
Bede Henderson says the terms of the Government's $60m deal to support Golden Bay Cement read like a Crown that's learned where closure costs land
BusinessDesk
Fletcher Buildingâs $60m cement lifeline dubbed yet another subsidy
Fletcher Building was already receiving millions in taxpayer-backed carbon assistance for its cement operation before Cabinet approved a fresh $60 million lifeline for Golden Bay Cement , critics say. Environmental Protection Authority (EPA) allocation data shows Fletcherâs cementitious products activityâŠ