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Associated British Ports (ABP) has announced the successful renewal of a lease agreement with Breedon Group PLC, the vertically integrated construction materials group in Great Britain and Ireland, at the Port of Newport.
This significant milestone marks their commitment to providing essential products to the construction sector, while further solidifying their foothold in the region, said ABP.
The agreement sees the current contract at their Sand and Aggregate Terminal extended by a further 15 years and follows Breedon’s acquisition of Severn Sands Ltd in August 2022.
A family-run marine dredging business, Severn Sands has been a longstanding presence at the Port of Newport since 1994.
Severn Sands has long-term licences to dredge 500,000 tonnes of sand a year using its 60-metre suction dredger, the MV Penfret.
With estimates suggesting that 17% of the sand and gravel used in England and Wales is supplied by the marine aggregates industry, Breedon is ideally placed to continue growing its business locally and meet the demand for additional housing in the region, said ABP.
In line with their strategic vision, Breedon has ambitious plans for the future.
One of their goals is to increase their market share in South Wales to include the supply of sand dredged via the MV Penfret to their concrete plant based in Roath Dock at ABP’s Port of Cardiff, and to also supply their concrete plant at ABP’s Port of Swansea.