CSR NZ and Brickworks propose joint venture for brick operations in New Zealand

CSR's New Zealand unit and Brickworks Building Products (NZ) have sought anti-trust clearance to merge their brick businesses into a 50-50 joint venture, citing plummeting demand and surplus capacity. The deal would exclude CSR's New Lynn plant.

“While demand has plummeted the applicants have faced increased costs of supply and continued to incur the costs of their manufacturing facilities, front office and retail divisions.”nbr.co.nz

• 1 source
• nbr.co.nzCSR NZ, Brickworks seek merger in face of building downturnJul 11, 2018

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