The New Zealand government has agreed to provide Golden Bay Cement with up to NZ$60 million in grants to keep its Northland cement plant operating until at least 2040. The plant supplies nearly 60% of New Zealand's cement, with about 95% sold domestically. Without the support, an independent assessment indicated the plant would likely close by 2030, forcing a shift to an import-only model. Golden Bay Cement has committed to invest at least NZ$150 million at the site through 2040. The grant is intended to address carbon-cost disadvantages versus imports and support supply-chain resilience. The agreement was announced by parent company Fletcher Building on July 20, 2026.
