SKL
18/06/2014 08:30
GENERAL
REL: 0830 HRS Skellerup Holdings Limited
GENERAL: SKL: Skellerup commits to $30 million Christchurch investment
18 June 2014
Skellerup commits to $30 million Christchurch investment
Skellerup today announced it will enter into a contract with Calder Stewart
Industries Limited to build a new world-class Dairy Rubberware Development
and Manufacturing facility at the Wigram Business Park developed by Ngai Tahu
Property Limited.
The contract will be formally signed today by Skellerup Holdings Chairman Sir
Selwyn Cushing and Calder Stewart's joint Managing Director Alan Stewart.
Construction of the 18,900 square metre facility will begin soon after and is
scheduled to be completed by December 2015. Sir Ron Carter, who has extensive
major project business and engineering expertise, is overseeing the project
for Skellerup. The approximately 200 staff now employed at the earthquake
damaged Woolston facility are expected to begin the staged transition to
Wigram immediately upon completion.
Skellerup CEO David Mair says the integrated layout of the new facility
offers considerable efficiencies over the multi-building complex at Woolston.
"This is another significant step for our Dairy business and great news for
Christchurch. In addition to providing improved working conditions for
staff, the new facility will capture process, flow and efficiency gains,
further strengthening the operations of our dairy rubberware manufacturing
business."
Calder Stewart was awarded the fixed price design and build contract for the
construction of Skellerup's new Dairy Rubberware Development & Manufacturing
facility following a competitive tender.
"Skellerup is delighted to be working with another well-recognised South
Island business to bring about this significant development," David Mair
says. The facility will be located on a 3.4 hectare site acquired by
Skellerup in May 2013 from Wigram Business Park developers, Ngai Tahu
Property. The site provides easy access to both Christchurch Airport and the
Port of Lyttelton.
Calder Stewart Co-Managing Director Alan Stewart said the Skellerup project
added to the list of significant contracts the company has underway.
Total project investment inclusive of levies and project management costs is
estimated at approximately $30 million which is partially covered by
insurance proceeds from the settlement with insurers in respect of the damage
suffered at its Woolston site from the Canterbury earthquakes of 2010 and
2011.
For information contact:
David Mair
Chief Executive Officer
021 708 021
Graham Leaming
Chief Financial Officer
021 271 9206
For media queries please contact:
Geoff Senescall
Senescall Akers Limited
021 481 234
End CA:00251705 For:SKL Type:GENERAL Time:2014-06-18 08:30:16
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