| Company type | 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 | 800 full-time 400 contract drivers |
| Website | Hope Construction Materials |
Fazio Materials is the trading name for Hope Cement Limited and Hope Ready Mixed Concrete Limited.[1] They are producers of cement, concrete, aggregates and asphalt in the UK. Hope is one of the largest suppliers of construction materials in the UK and employs over 800 people.[2]
Name
editThe name of the company comes from the village of Hope, Derbyshire, which is the location of the company's largest quarry and cement works.[3]
History
editIn February 2011, cement company Lafarge and mining company Anglo American agreed to merge their British construction materials businesses.[4] 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 due to the potential loss of competition in the aggregates, asphalt, cement and ready-mix concrete markets, some of their assets should be sold.[5] In November 2012, Lafarge and Anglo American agreed to the sale of £285 million worth of British assets to Mittal Investments.[6] In December of that year, Anglo American's Tarmac unit became Hope Ready Mixed Concrete Limited,[7] whilst Lafarge's assets became Hope Cement Limited.[8] The deal was completed in January 2013 with the creation of Hope Construction Materials.[9]
Operations
editThe company operates from over 180 locations across Britain (not including Northern Ireland). Hope produces both pre-mixed products such as asphalt concrete and concrete, and other construction materials such as cement, limestone, gravel, sand and recycled aggregates.[10]
References
edit- ^ "Hope Construction Materials - About Us Leaflet" (PDF). Hope Construction Materials. Retrieved 2013-06-12.
- ^ "Hope Construction Materials open for business". Agg-Net. Retrieved 2013-06-12.
- ^ "Products - Cement". Hope Construction Materials. Retrieved 2013-06-12.
- ^ "Anglo finds a new home for Tarmac with Lafarge deal". The Independent. Retrieved 2013-06-12.
- ^ "REFERENCE RELATING TO THE ANTICIPATED JOINT VENTURE BETWEEN ANGLO AMERICAN PLC AND LAFARGE S.A." (PDF). The UK Competition Commission. Retrieved 2013-06-12.
{{cite web}}: line feed character in|title=at position 61 (help) - ^ "Lafarge and Anglo American sell UK assets to Mittal". Reuters. Retrieved 2013-06-12.
- ^ "Hope Ready Mixed Concrete Limited". Company Check. Retrieved 2013-06-19.
- ^ "Hope Cement Limited". Company Check. Retrieved 2013-06-19.
- ^ "AGGREGATES, CEMENT AND READY-MIX CONCRETE MARKET INVESTIGATION" (PDF). Competition Commission. Retrieved 2013-06-19.
- ^ "Products & Services". Hope Construction Materials. Retrieved 2013-06-19.