Metals New Zealand’s Post

Confidence in market pick-up behind new $42 million steel warehouse in Drury. Privately-owned steel importing business Asmuss is investing $42 million in a new 15,000 square-metre steel warehouse in Drury. This investment speaks to the company’s confidence that the market will pick up, especially when you consider the level of infrastructure investment required in New Zealand. The new warehouse can store twice the amount of steel used to build the Auckland harbour bridge. Asmuss has been around for 100 years and its products have been behind some of the country’s most significant builds, including the Marsden Point former oil refinery, the Waikato River hydro dams owned by Mercury, Meridian’s Huntly Power Station and the Wellington waterfront stadium. Congratulations Dean Brown and Asmuss team. https://lnkd.in/g77MqamV

Why this $42m super steel site in Drury was built in a construction downturn

Why this $42m super steel site in Drury was built in a construction downturn

nzherald.co.nz

Bert Fourie

Engineering Innovator | RPEQ CPEng (Aus & NZ), BEng, MEng, MBA | Chartered Design Engineer: Machine Design, Plant Design, Automation, Maintenance Problem Solving.

3w

Of course the market will pick up again, it is one big wheel, right? A downturn is the ideal time for a cashed up business to expand!

To view or add a comment, sign in

Explore topics