Hope Construction Materials
 | |
| Company type | Limited company |
|---|---|
| Industry | Construction materials |
| Founded | 7 January 2013 |
| Defunct | 1 August 2016 |
| Fate | Acquired byBreedon Group |
| Headquarters |
|
Area served | Britain |
Key people | Amit Bhatia,Chairman Chris Plant,CEO |
| Products | Aggregates,Cement,Concrete |
Number of employees | 250 |
| Website | www |
Hope Construction Materialswas a producer ofcement,concreteandaggregatesin the United Kingdom, founded on 7 January 2013 by entrepreneurAmit Bhatia.Before 1 April 2014, Hope Construction Materials was the trading name for the two entities, Hope Cement Limited and Hope Ready Mix Concrete Limited. It was acquired byBreedon Aggregatesin August 2016. Assets includedHope Cement Works,the largest cement plant in the United Kingdom atHope, Derbyshire,and a network of 170ready-mix concreteplants, as well as aggregate extraction and logistics operations.
History
[edit]In February 2011, cement companyLafargeand mining companyAnglo Americanagreed to merge their British construction materials businesses.[1]Due to the size of the venture, theOffice of Fair Tradingreferred it to the UK'sCompetition Commission,who concluded in May 2012 that, because of the potential loss of competition in the aggregates, asphalt, cement andready-mix concretemarkets, some of their assets should be sold.[2]
In November 2012, Lafarge and Anglo American agreed to sell ~£200 million worth of British assets toAmit Bhatia.[3]The deal was completed in January 2013 with the creation of Hope Construction Materials.[4]
The two firms, Hope Cement Limited, and Hope Ready Mixed Concrete Limited, traded under the nameHope Construction Materials,and were merged under that name in April 2014.[5]
On 18 November 2015, Breedon Aggregates announced the acquisition of Hope Construction Materials for £336 million, and completed the deal on 1 August 2016.[6]
Operations
[edit]When the two Hope legal entities merged in 2014, the combined assets included a cement works atHope,Derbyshire,which is the largest in the United Kingdom. The company also operated 170ready-mix concreteplants; and a number of aggregate operations including quarries, rail terminals and shipping wharves. The company employed eight hundred people in January 2013.[4]
Production at Hope Cement works in its first year of trading (to 2014) was over 1.3 million tonnes of cement per year.[7]
Railway
[edit]
When G & T Earle opened Earles Cement works in 1929, it was linked to the Hope Valley Line by a 2 mi (3.2 km) single track railway, which was worked by steam until 1963.[8]Most of the cement now travels over it in trains hauled byclass 20locomotives[9]to Earles Sidings,[10]where it is taken over byFreightliner.[11]
References
[edit]- ^Kumar, Nikhil (19 February 2011)."Anglo finds a new home for Tarmac with Lafarge deal".The Independent.London.
- ^"Competition & Markets Authority case - Anglo American PLC / Lafarge S.A. merger inquiry".The UK Competition Commission. 11 April 2014.
- ^Berton, Elena; Ferreira-Marques, Clara (16 November 2012)."Lafarge and Anglo American sell UK assets to Mittal".Reuters. Archived fromthe originalon 6 March 2016.
- ^ab"Hope Construction Materials open for business".Agg-Net. 8 January 2013.
- ^"Hope Construction Materials - About Us Leaflet"(PDF).Hope Construction Materials.Retrieved12 June2013.
- ^"Breedon Group complete acquisition of Hope Construction Materials".Agg-Net.2 August 2016.Retrieved31 January2017.
- ^"Hope Construction Materials celebrates successful first year".Builders' Merchants News. 2 January 2014.
- ^"1704 Nunlow -1938 steam loco preserved at Ingrow Loco Museum & Workshop".ingrowlocomuseum.Retrieved3 April2016.
- ^Bendall, Ian (September 2017)."Industrial Railway Society Bulletin No.1000"(PDF).The Industrial Railway Society.Archived(PDF)from the original on 14 August 2021.Retrieved14 August2021.
- ^"Hope Cement Works Railway".sinfin.net.Retrieved3 April2016.
- ^"Earles Sidings Train Crew Depot - Freightliner".Freightliner.Retrieved3 April2016.
