Hope Construction Materials

Last updated

Hope Construction Materials
Company typeLimited company
IndustryConstruction materials
Founded7 January 2013
Defunct1 August 2016
FateAcquired by Breedon Group
Headquarters
Area served
Britain
Key people
Amit Bhatia, Chairman
Chris Plant, CEO
Products Aggregates, Cement, Concrete
Number of employees
250
Website www.breedoncement.com

Hope Construction Materials was a producer of cement, concrete and aggregates in the United Kingdom, founded on 7 January 2013 by entrepreneur Amit 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 by Breedon Aggregates in August 2016. Assets included Hope Cement Works, the largest cement plant in the United Kingdom at Hope, Derbyshire, and a network of 170 ready-mix concrete plants, as well as aggregate extraction and logistics operations.

Contents

History

In February 2011, cement company Lafarge and mining company Anglo American agreed to merge their British construction materials businesses. [1] Due to the size of the venture, the Office of Fair Trading referred it to the UK's Competition Commission, who concluded in May 2012 that, because of the potential loss of competition in the aggregates, asphalt, cement and ready-mix concrete markets, some of their assets should be sold. [2]

In November 2012, Lafarge and Anglo American agreed to sell ~£200 million worth of British assets to Amit 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 name Hope 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

When the two Hope legal entities merged in 2014, the combined assets included a cement works at Hope, Derbyshire, which is the largest in the United Kingdom. The company also operated 170 ready-mix concrete plants; 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

Earles Sidings at Hope View from the Bridge - geograph.org.uk - 1221841.jpg
Earles Sidings at Hope

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 by class 20 locomotives [9] to Earles Sidings, [10] where it is taken over by Freightliner. [11]

Related Research Articles

<span class="mw-page-title-main">Hope Valley line</span> Trans-Pennine railway line in Northern England

The Hope Valley line is a trans-Pennine railway line in Northern England, linking Manchester with Sheffield. It was completed in 1894.

<span class="mw-page-title-main">CRH plc</span> Irish building materials company

CRH plc is an international group of diversified building materials businesses whose headquarters is in Dublin, Ireland. It manufactures and supplies a wide range of products for the construction industry. The group was formed through a 1970 merger of two leading Irish public companies, Cement Limited and Roadstone Limited (1949). CRH's primary listing is on the New York Stock Exchange since 2023, prior to which it was on the London Stock Exchange and on Euronext Dublin.

<span class="mw-page-title-main">Cemex</span> Mexican multinational building materials company

CEMEX S.A.B. de C.V., known as Cemex, is a Mexican multinational building materials company headquartered in San Pedro, near Monterrey, Nuevo León, Mexico. It manufactures and distributes cement, ready-mix concrete and aggregates in more than 50 countries. In 2020 it was ranked as the 5th largest cement company in the world, at 87.09 million tonnes.

<span class="mw-page-title-main">Ready-mix concrete</span> Concrete that is manufactured in a batch plant, according to a set engineered mix design

Ready-mix concrete (RMC) is concrete that is manufactured in a batch plant, according to each specific job requirement, then delivered to the job site "ready to use".

Lawrence M. Tanenbaum is a Canadian businessman and chairman of Maple Leaf Sports & Entertainment (MLSE). He owns a 25% stake in MLSE through his holding company Kilmer Sports Inc.

<span class="mw-page-title-main">Italcementi</span>

Italcementi is an Italian multinational company, quoted on the Borsa Italiana, which produces cement, ready-mix concrete and construction aggregates. In 2015, 45% of Italcementi was acquired by HeidelbergCement, together forming the world's second largest cement producer.

<span class="mw-page-title-main">Blue Circle Industries</span> British public company

Blue Circle Industries was a British public company manufacturing cement. It was founded in 1900 as the Associated Portland Cement Manufacturers Ltd through the fusion of 24 cement works, mostly around on the Thames and Medway estuaries, together having around a 70% market share of the British cement market. In 1911, the British Portland Cement Manufacturers Ltd was formed by the addition of a further 35 companies, creating a company with an initial 80% of the British cement market.

Tarmac Group Limited was a British building materials company headquartered in Wolverhampton, United Kingdom. It produced road surfacing and heavy building materials including aggregates, concrete, cement and lime, as well as operating as a road construction and maintenance subcontractor. The company was formerly listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index.

<span class="mw-page-title-main">Aggregate Industries</span> British building materials manufacturer

Aggregate Industries, a member of the Holcim Group, is a company based in the United Kingdom with headquarters at Bardon Hill, Coalville, Leicestershire. Aggregate Industries manufactures and supplies a range of heavy building materials, primarily aggregates such as stone, asphalt and concrete to the construction industry and other business sectors. Aggregate Industries also manufactures and imports cement, and provides a range of aggregate-associated goods and services, these include the manufacture of masonry and reconstructed stone items for construction industry and domestic applications, the manufacture of pre-cast concrete items, the supply of ready-mixed concrete, design and project management consulting, and resurfacing contracting services.

<span class="mw-page-title-main">Bamburi Cement</span> Kenyan manufacturing company

Bamburi Cement Limited is an industrial company in Kenya specialising in cement and concrete. The company has operations in Bamburi suburb of Mombasa, it is headquartered in Nairobi and its stock is listed on the Nairobi Securities Exchange.

Amit Bhatia is a British-Indian businessman. He is the founding partner of Swordfish Investments and chairman of Queens Park Rangers football club.

<span class="mw-page-title-main">Mineral Products Association</span> United Kingdom trade association

The Mineral Products Association (MPA) is the United Kingdom trade association for the aggregates, asphalt, cement, concrete, dimension stone, lime, mortar, and silica sand industries.

Tarmac is a British building materials company headquartered in Solihull, England. The company was formed as Lafarge Tarmac in March 2013, by the merger of Anglo American's Tarmac UK and Lafarge's operations in the United Kingdom. In July 2014, Anglo American agreed to sell its stake to Lafarge, to assist Lafarge in its merger with Holcim and allay competition concerns.

<span class="mw-page-title-main">Lafarge (company)</span> French industrial company

Lafarge is a French industrial company specialising in cement, construction aggregates, and concrete. It is the world's largest cement manufacturer. It was founded in 1833 by Joseph-Auguste Pavin de Lafarge and is a part of the Holcim Group.

The Holcim Group, legally known as Holcim Limited, is a Swiss multinational company that manufactures building materials. It has a presence in around 60 countries, and employs around 60,000 employees. Holcim operates four businesses segments: cement, aggregates, ready-mix concrete, and other products, including precast concrete, asphalt, mortar, and other building materials.

<span class="mw-page-title-main">Breedon Group</span>

Breedon Group plc is a British construction materials company which has its headquarters at Breedon on the Hill, Leicestershire, England. The current chairman is Amit Bhatia, son-in-law of Lakshmi Mittal, the billionaire steel magnate who became a Breedon shareholder following the acquisition of Hope Construction Materials. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Lafarge Africa Plc is a building solutions company headquartered in Lagos and quoted on the Nigerian Stock Exchange. It is majorly controlled by the Holcim Group. Previously trading under the name of Lafarge Wapco Plc, the merger of Lafarge and Holcim and resulting consolidation of Lafarge's assets in Nigeria and South Africa resulted in the name change to Lafarge Africa.

<span class="mw-page-title-main">Hope Cement Works</span> Cement plant in Derbyshire, England

Hope Cement Works, is a cement plant located near to the village of Hope in Derbyshire, England. The plant is mostly self-contained with its own shale and limestone quarries adjacent, with only fuel and small amounts of additives needing to be brought in. The site is located inside the Peak District National Park, and so is subject to tighter planning restrictions than other cement plants in the United Kingdom. It is now the largest cement plant in the United Kingdom, and is also one of the largest emitters of CO2 within the national park.

<span class="mw-page-title-main">Nuvoco Vistas Corporation</span> Indian cement company

Nuvoco Vistas Corporation Limited is an Indian building materials company with headquarters in Mumbai. They provide cement, ready-mix concrete (RMX), and modern building materials (MBM), with an installed capacity of 25 MMTPA.

References

  1. Kumar, Nikhil (19 February 2011). "Anglo finds a new home for Tarmac with Lafarge deal". The Independent. London.
  2. "Competition & Markets Authority case - Anglo American PLC / Lafarge S.A. merger inquiry". The UK Competition Commission. 11 April 2014.
  3. Berton, Elena; Ferreira-Marques, Clara (16 November 2012). "Lafarge and Anglo American sell UK assets to Mittal". Reuters. Archived from the original on 6 March 2016.
  4. 1 2 "Hope Construction Materials open for business". Agg-Net. 8 January 2013.
  5. "Hope Construction Materials - About Us Leaflet" (PDF). Hope Construction Materials. Retrieved 12 June 2013.
  6. "Breedon Group complete acquisition of Hope Construction Materials". Agg-Net. 2 August 2016. Retrieved 31 January 2017.
  7. "Hope Construction Materials celebrates successful first year". Builders' Merchants News. 2 January 2014.
  8. "1704 Nunlow -1938 steam loco preserved at Ingrow Loco Museum & Workshop". ingrowlocomuseum.com. Retrieved 3 April 2016.
  9. Bendall, Ian (September 2017). "Industrial Railway Society Bulletin No.1000" (PDF). The Industrial Railway Society. Archived (PDF) from the original on 14 August 2021. Retrieved 14 August 2021.
  10. "Hope Cement Works Railway". sinfin.net. Retrieved 3 April 2016.
  11. "Earles Sidings Train Crew Depot - Freightliner". Freightliner. Retrieved 3 April 2016.