Breedon shutting most UK sites over virus

Construction materials group Breedon is to temporarily suspended production at all but one of its UK sites due to the coronavirus pandemic.

Only the Hope cement plant in Hope Valley, Derbyshire, will remain fully operational.

Breedon, which has operations across Shropshire and the West Midlands, is taking the action to ensure the safety and wellbeing of staff, sub-contractors, customers and communitie.

Operations which serve critical supply needs will continue.

It has the Leaton Quarry, near Telford; concrete plants at Shareshill, between Cannock and Wolverhampton, and Oldbury and a cement and aggregates depot at Walsall.

During the course of this week it has been gradually winding down the relevant sites, whilst ensuring that they are in a condition to be quickly and safely brought back online at the appropriate time.

Operations in the Republic of Ireland, including the cement plant at Kinnegad, continue to operate pending further guidance from the Irish Government.

Breedon said it welcomed the introduction of the UK Government's Coronavirus Job Retention Scheme, which should ensure that staff continue to receive a proportion of their pay during a period of furlough.

Following the more stringent measures introduced by the Government on Monday, there has been an immediate and significant reduction in demand for its products which it expects to continue until restrictions on movement are relaxed.

Advertising

The group has a strong balance sheet and significant liquidity headroom. IT has £335 million of drawn debt on its facility, cash of £60mn and an undrawn committed facility of £220m.

In light of the restrictions relating to Covid-19, the board has agreed to defer the 2020 AGM to a later date.




Date: 26 March 2020 | Source: Shropshire Star

Telford Businesses

Calendar Countdown

Upcoming Events in Telford

31 Mar 2020

8pm


Running time (approx): 45 minutes - interval - 45 minutes

Strictly 14+ Likely to be swearing and adult content

If you attempt to re-sell your tickets, your booking will be cancelled

View Details

04 Apr 2020

10am - 6pm


English Heritage members - Free
Adult - £8.60
Child (5-17 years) - £5.20
Concession - £7.70
Family - £22.40

View Details

10 Apr 2020

Under 1's - FREE
Toddlers (ages 1 - 4) £7.00
Children (ages 4 - 14) £15.00
Adults £4.00


VIP Entry from 9am

Gates open 10am - 5pm

View Details

11 Apr 2020

10am - 5pm

VIP tickets can enter from 9am


Child - £15

Toddler - £7

Adult - £4

View Details

12 Apr 2020


£10 per adult

£5 per child (4-16)

£25 for a family ticket (2 adults, 2 children)

This includes access to the event, grounds and gardens, and Woodland Adventure Playground at no extra cost.

For a small additional fee of just £3 per adult and £2.50 per senior/child, visitors take an exciting tour of the house.

View Details
View More