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Showing posts with label Gov't bailout. Show all posts
Showing posts with label Gov't bailout. Show all posts

Friday, July 24, 2026

Gravedodger: Why has the near Monopoly failed?


Because National has decided to tax cement production to the point it is uneconomic to make, while sending billions to god only knows where via Paris!

Aaand Christopher Luxsout still holds to the now so widely demolished fallacy the world can slow and stop gradual cyclical warming of the third rock from the sun where a nuclear reactor is generating heat. Dear old Luxout will cripple New Zealand then watch in wonderment while Peters and CHipkins set about continuing to divide and impoverish this Nation.

Wednesday, July 22, 2026

Kerre Woodham: A one-off payment is not going to fix the problem


I have so many questions around the Government bailout of Golden Bay Cement, which is not in fact manufactured in Golden Bay, but in Northland.

Fletcher owns the company and they said Golden Bay Cement operates New Zealand's only domestic cement manufacturing facility at Portland near Whangarei. It supplies nearly 60% of the cement used in New Zealand – about 95% of its output is sold domestically.

Mike's Minute: So many questions around the Govt's cement bailout


Nicola Willis told us she did not take the decision lightly, and well, she might have said that.

She's lucky it's only cost $60 million. We still don’t know the terms, but we need to.

This is Golden Bay Cement, and the Government has come to their rescue.