Steel & Tube Wins Significant Wind Farm Contract

28 June 2021
STU / NZX ANNOUNCEMENT


7 Bruce Roderick Drive, East Tamaki, 2013, Auckland PO Box 30543, Botany, 2163, Auckland
P 04 570 5000 F 04 570 2453www.steelandtube.co.nz


STEEL & TUBE SECURES MAJOR WIND FARM CONTRACT
Steel & Tube Holdings Limited (NZX: STU) is pleased to have secured a significant contract to supply
reinforcing steel to the Harapaki wind farm project, owned by Meridian Energy.
Located within the Maungaharuru Range in Hawke’s Bay, when completed, the $395 million
Harapaki wind farm will be New Zealand’s second-largest wind farm with 41 turbines generating 176
MW of renewable energy, enough to power over 70,000 average households.
Construction will begin in the second half of 2021 and will take around three years.
Steel & Tube’s expert team have worked closely with Spartan Construction, the main contractor, to
identify and confirm the optimal reinforcing options for the site. Reinforcing work is expected to
commence in September 2021 and utilise approximately 2,900 tonnes of steel, with an estimated
project value to Steel & Tube of around $7.1 million.
CEO of Steel & Tube Mark Malpass said: “Like any wind farm, the Harapaki wind farm presents a
unique set of location and logistical challenges which we have been able to successfully respond to,
using our technical expertise and know-how. For example, we are taking advantage of our ability to
manufacture longer length piles which will deliver significant time and cost savings during
installation.
“Steel & Tube has a strong relationship with Spartan Construction, having successfully worked
together on a number of prior projects. We have a disciplined approach to tendering for large
projects to ensure an appropriate return for our business and are delighted to have secured this
contract on the basis of our value proposition, technical support and expertise.”
ENDS
For media or investor enquiries, please contact: Jackie Ellis Tel: +64 27 246 2505 or
email: jackie@ellisandco.co.nz
For further information please contact:
Mark Malpass
Steel & Tube CEO
Tel: +64 27 777 0327
Email: mark.malpass@steelandtube.co.nz

Richard Smyth
Steel & Tube CFO
Tel: +64 21 646 822
Email: richard.smyth@steelandtube.co.nz