BHP upgrades metal coating plant in New Zealand
The leading steel producer
BHP Steel Ltd., is expanding the capacity at its steelworks in Glenbrook, near Auckland. The company announced allocation of A$14 million ($16 million) capital expenditure in order to upgrade the metal coating plant at its wholly owned
New Zealand steelworks located in Glenbrook. The upgrade process will be completed over next year.
This expansion will enable the
New Zealand coating plant to produce an additional 24'000 ton premium metallic
coated steel products which means to increase the annual capacity by 10%, bringing same to a total of 234'000 tons.
BHP supplies almost 80% of the flat steel of
Australia and
New Zealand. The company also announced today that it is investigating building a new plant in
Australia for its pre-painted steel
construction product Colourbond. Such project is estimated to cost about A$100 million.