Hope Construction Materials

Hope Construction Materials
Limited company
Industry Construction materials
Founded 2013
Headquarters Berkeley Square House, Berkeley Square, Mayfair, London
Area served
 Britain
Key people
 Amit Bhatia, Chairman
Chris Plant, CEO
Products Aggregates, Asphalt, Cement, Concrete
Number of employees
 900 full-time
400 contract drivers
Website Hope Construction Materials

Hope Construction Materials is a producer of cement, concrete, aggregates and asphalt in the United Kingdom.Before 1 April 2014 Hope Construction Materials was the trading name for the two entities Hope Cement Limited and Hope Ready Mix Concrete Limited.

The company has assets including the UK's largest cement plant at Hope, Derbyshire and a network of 170 ready mix concrete plants as well as aggregate extraction and logistics operations; the company employs 900 people.


History

In February 2011, cement company Lafarge and mining company Anglo American agreed to merge their British construction materials businesses.[1] The deal was set to combine Anglo American's Tarmac UK unit, employing 4,500 people, with Lafarge's cement, concrete and aggregate quarries, depots and terminals. 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 the sale of £285 million worth of British assets to Mittal Investments.[3] In December of that year, Anglo American's Tarmac unit became Hope Ready Mixed Concrete Limited,[4] whilst Lafarge's assets became Hope Cement Limited.[5] The deal was completed in January 2013 with the creation of Hope Construction Materials.[6]

The two firms Hope Cement Limited and Hope Ready Mixed Concrete Limited traded under the name Hope Construction Materials;[7] the two entities merged on 1 April 2014, creating Hope Construction Materials Limited.

Operations

As of 2013, at formation, the company's assets included a cement works at Hope, Derbyshire, which is the largest in the UK The company also operates two asphalt concrete plants; has 170 ready-mix concrete plants; and operates a number of aggregate operations including quarries, rail terminals and shipping wharves. In 2013 the company employed 800 people.[6] Production at Hope Cement works in its first year of trading (to 2014) was over 1.3 million tonnes of cement per year.[8]

References

  1. ↑ Kumar, Nikhil (19 Feb 2011). "Anglo finds a new home for Tarmac with Lafarge deal". London: The Independent.
  2. ↑ "Competition & Markets Authority case - Anglo American PLC / Lafarge S.A. merger inquiry". The UK Competition Commission. 11 Apr 2014.
  3. ↑ Berton, Elena; Ferreira-Marques, Clara (16 Nov 2012). "Lafarge and Anglo American sell UK assets to Mittal". Reuters.
  4. ↑ "Hope Ready Mixed Concrete Limited". Company Check. Retrieved 2013-06-19.
  5. ↑ "Hope Cement Limited". Company Check. Retrieved 2013-06-19.
  6. ↑ 6.0 6.1 "Hope Construction Materials open for business". Agg-Net. 8 Jan 2013.
  7. ↑ "Hope Construction Materials - About Us Leaflet". Hope Construction Materials. Retrieved 2013-06-12.
  8. ↑ "Hope Construction Materials celebrates successful first year". Builders' Merchants News. 2 Jan 2014.

External links