Hillside Workshops Offered For Sale
19 April 2012 11:11AM
KiwiRail is seeking expressions of interest for the sale of our Dunedin-based Hillside Workshops business.
The business will be advertised for sale as a going concern from early May, 2012 with a final decision due by the end of August, 2012.
This decision was made after analysing the financial impact of the reduction in construction and refurbishment forward work orders for Hillside Workshops.
According to Chief Executive, Jim Quinn, while the sale terms are negotiable, the preferred outcome will be that it is purchased as a going concern.
“We are looking for a sale outcome that secures Hillside’s future as New Zealand’s largest heavy engineering site,” he said.
“If this type of sale eventuates we will then continue to allocate some heavy maintenance work on commercial terms to the new owners of the facility.”
“We think this is an ideal opportunity for a business with more industrial commercial engineering experience and a wider customer base to take the site over. They can target these customers with more product scope than we could."
“We know this decision is difficult for our staff and we will be ensuring that they have full access to all information and any support services they require.”
Media contact: Kimberley Brady, Communications Manager, 021 942 519 or 04 498 3219