By Graeme Kennedy
Friday 29th August 2003 |
Text too small? |
The port yesterday signed a 10-year supply agreement with Genesis after handling a 35,000-tonne trial shipment in June.
Chief executive Jon Mayson said the $24 million would be spent on conveyor and load-out systems, a covered storage facility at Mt Maunganui and berth deepening. The work was scheduled to be completed by July. "The partnership requires this major investment by the port but the infrastructure will produce long-term income flows from what is a whole new area of business," he said.
Port of Tauranga this week reported a 12% profit increase to a record $29 million on revenues up 32% to $146 million.
No comments yet
Second St John withdrawal of labour takes effect tomorrow with further strikes likely
Sanford Appoints Independent Director
CRP ADVISES CLOSURE OF SHARE OFFER TO EXISTING INVESTOR
Devon Funds Morning Note - 14 August 2024
OCR 5.25% - Monetary restraint tempered as inflation converges on target
Consumers still need due diligence as new deposit takers emerge.
Woolworths strike: staff asked to dress up in Disney costumes for a week on their own dollar
Turners Invests in Quashed Online Insurance Platform
PGW Reports on Challenging Year
Arvida Announces Executive Team Changes