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Sun December 16 2018

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Heijmans and BAM consider pooling asphalt plants

29 Nov Heijmans and BAM are considering transferring their asphalt plants in the Netherlands into a new joint venture company with a predicted annual revenue of about €90m (£80m).

The two companies have jointly submitted a request to the European Commission to have an investigation into this transaction carried out by the Netherlands Authority for Consumers & Markets (ACM).

Currently, Heijmans and BAM each operate a number of asphalt plants. Their idea is to combine their knowledge, expertise and investments in innovation. Increasing the sustainability of the asphalt chain is an important objective for both, from lowering CO2 emissions reuse of raw materials and semi-finished products. Collaboration is also seen as offering opportunities to make better use of the available capacity and to improve the utilisation rate of the asphalt plants, with a view to improving efficiency and achieving better returns.

In addition to the companies’ own clients, the new asphalt company would serve third parties in the asphalt market. The indicative annual revenues of the new asphalt company are approximately €90m.

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