New Zealand government moves to keep cement production onshore with up to $60m support
New Zealand's government has moved to provide up to $60 million in financial support to keep a domestic cement plant running. Officials say that without the funding, the plant would likely have had to close.
New Zealand's government has announced it will provide up to $60 million in financial support to help a domestic cement plant continue operating. Officials say the facility would likely have had to close without the funding.
The decision aims to preserve critical onshore production capacity and prevent a further increase in reliance on imports. Cement is considered a strategically important input for the construction sector.
Details and conditions of the support package are expected to become clearer in the coming weeks. Economists say targeted support of this kind reflects a broader trend in industrial policy.
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