Government spending up to $60m to save NZ’s last cement plant

New Zealand's government is investing up to $60 million to keep the country's only cement plant running until 2040. This move by Finance Minister Nicola Willis aims to maintain the sole integrated cement production in the country, safeguarding jobs and ensuring the nation's construction needs are met. The funding is crucial as the plant is a significant employer and plays a vital role in the local economy, underscoring the government's commitment to preserving essential local industries. This decision could set a precedent for future support for critical domestic manufacturing.