Applicant
James Hardie New Zealand
Case number(s)
201720012
Decision date
Type
Decision
DecisionConsent granted
Section 12(a) Overseas Investment Act 2005
Decision MakerThe Minister for Land Information and the Associate Minister of Finance
Decision Date19 December 2018
InvestmentAn overseas investment in sensitive land, being the Applicant's acquisition of a freehold interest in approximately 61.4665 hectares of land at 353 McLachlan Road, Kaukapakapa, Auckland.
Consideration$2,700,000
ApplicantJames Hardie New Zealand
Australia (49.03%)
United States of America (29.31%)
United Kingdom (4.14%)
Europe (4.85%)
Asia (4.22%)
Other (8.45%)
VendorRaj Design Limited
New Zealand (100%)
Background

The Applicant operates a building materials manufacturing business.

The Applicant intends to acquire the land to secure a source of silica sand for the Applicant's future manufacturing operation that will enable it to continue producing fibre cement products in New Zealand with locally sourced silica sand. The Applicant proposes to develop and operate a silica extraction facility and sand washing facility on the Land.

The benefits to New Zealand include:

  • the retention of 3-4 production jobs that would otherwise be lost, along with 4-5 construction jobs (for approximately one year);
  • increased processing of a primary product relating to the manufacturing of building materials from the extracted silica sand; 
  • additional investment for development purposes of approximately $7 million; and
  • added market competition (producing competitively-priced products) and greater efficiency (reducing transport time and costs involved with the extraction and manufacturing process).
More informationMatthew Carroll
Chapman Tripp 
PO Box 2206
AUCKLAND 1140