New Zealand Fleet Provides Opportunity for Hong Kong Entrepreneur

Billionaire Li Ka-shing's Cheung Kong Infrastructure Holdings (CKI) has beefed up its presence in New Zealand with a $501 million purchase of EnviroWaste, which operates a fleet of more than 290 vehicles nationwide,

by Staff

February 26, 2013

1 min to read

Billionaire Li Ka-shing's Cheung Kong Infrastructure Holdings (CKI) has beefed up its presence in New Zealand with a $501 million purchase of EnviroWaste, which employs about 500 people and operates 14 transfer stations, three landfills, and a fleet of more than 290 vehicles nationwide, according to a report from BusinessDesk.co.nz.

The biggest user of waste material by mass in Hong Kong is looking to leverage its expertise in materials handling as it expands into waste management, while collecting a steady income from EnviroWaste, according to the report. The company, which still has $HK5 billion of cash on hand after three large acquisitions in the past four months, said New Zealand has always been one of its core markets of interest. In 2008, Vector sold its Wellington electricity network to CKI for $785 million.

EnviroWaste is one of only two vertically integrated waste collection and disposal companies operating throughout New Zealand.

Topics:New Zealand Operations Vehicle Research Global Fleet

More Global Fleet

A person holding a clipboard and writing on an inspection checklist beside the wheel of a large white vehicle, likely conducting a fleet or safety inspection.

Cameras, Safety and Insurance: From Reactive Claims to Real-time Prevention

Commercial auto remains one of the most challenging and costly lines of coverage for fleet operators and insurers alike. Learn more about how to effectively address these issues from Onur Aksan, Enterprise Business Development Executive, Geotab.

Cover of a whitepaper titled “The Hidden Costs of Departmentally Assigned Vehicles on Your Fleet” featuring a black fleet vehicle driving on a road at sunset. Subheadline reads: “Discover how your fleet can reduce costs and minimize risk by implementing vehicle sharing.” The document focuses on fleet optimization, vehicle sharing, cost reduction, utilization tracking, and risk management for fleet operations.

Why Fleet Managers Are Replacing Departmental Vehicles with Shared Motor Pools

Departmentally assigned vehicles often create hidden costs through underutilization, poor visibility, and increased administrative burden. This white paper explores how shared motor pool strategies help fleets reduce costs, improve accountability, and optimize vehicle utilization.

Fleet Costs Are Rising: Here’s How Leaders Are Responding

Fleet leaders are under pressure to reduce costs, adapt to economic uncertainty, and make smarter decisions. See how peers across North America are responding with real data, proven strategies, and forward-looking insights. Download the 2026 Market Pulse Report to benchmark your strategy and uncover where you can gain an edge.