ABP INVESTMENT ‘LAYS DOWN’ NEW BUSINESS FOUNDATIONS AT PORT OF LOWESTOFT
Associated British Ports (ABP) will be investing £130,000 on the back of a new five-year agreement with the Waveney Asphalt Company Ltd to import a minimum of 40,000 tonnes of aggregates every year through ABP’s Port of Lowestoft.
The first call of the new service saw m.v. Swanland discharge 2,707 tonnes of limestone chippings and single-sized aggregates from Devon. Both limestone chippings and aggregates are core ingredients in the production of bituminous road-paving material – the main component used in asphalt and macadam layering, which is Waveney Asphalt’s speciality.
ABP’s investment will see the removal of a steel-framed warehouse from the port’s North Quay Cargo Terminal and the installation of ten segregated aggregates- storage bays in its place. With a combined holding capacity of 20,000 tonnes, the bays will house Waveney Asphalt’s shipments before delivery to their asphalt-coating plant in Ellough, Suffolk. The plant itself was imported through the port late last year from Duisberg, Germany, aboard m.v. RMS Rhenus and m.v. RMS Setlark.
David Castleton, Managing Director of Waveney Asphalt, said:
“As a Lowestoft-based company, we are very pleased to be able to import our raw materials through the port. This agreement means that we are able to continue delivering the best service to our customers.”
Alastair MacFarlane, Port Manager for ABP East Anglia, said:
“ABP is glad to support the development of local businesses by investing in new port facilities on the back of long-term agreements. This new agreement between ABP and Waveney Asphalt is excellent news, not only for the Port of Lowestoft, but for the regional economy as a whole.”
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