498:
40:
484:
In 2004 the company was sold to stockbrokers
Collins Stewart for £450 million (£170 equity, £280 million debt), followed by an immediate stock market flotation. A bid by Babcock and Brown Infrastructure (BBI) at 150p per share, with total value £337 million was recommended in
461:
In the late 1990s/early 2000s the company was restructured; selling multiple business interests; after acquisition in 2000 the company's engineering interests were
Hamworthy KSE (marine engineering), Hamworthy Belliss and Morcom (compressors), Hamworthy Combustion, and Geesink (waste disposal
358:
he drove the development of the company, acquiring all the adjoining collieries (Aberaman, Lletysiencyn, Abernant, Gadlys and
Blaengwawr), succeeding in sinking every one of the company's collieries in the Aberdare Valley to the lowest seam. The company started a joint venture in the shipping
288:
and canal system, and later by the railways; and by the high quality of the Welsh coal. Removal of a coal export tax in the 1830s allowed Powell to more widely export the coal, and compete for the market in northern
England. The company's first deep mine was sunk at
233:. The remainder of the company diversified, mainly into shipping and engineering, and acquired the ports of Tees and Hartlepool in the 1990s. Restructuring in the late 1990s/early 2000s resulted in the sale of engineering businesses and a focus on port operations.
362:
The company expanded by acquisition of land and construction of pits, including the
Rhymney Iron Company, the Windsor Colliery, collieries from Lewis Morthyr, the Great Western Colliery Company and the Nantgawr Colliery; all acquired in the 1920s.
1258:
1263:
405:
The firm diversified, expanding its former secondary interests: engineering, fuel distribution and shipping. Additional interests included timber, quarries, and brickmaking. Engineering interests included
1273:
319:
Powell's mine conditions were poor, leading to a number of explosions in the 1850s. In 1858 Powell cut wages by 15% resulting in strikes which were met with strike breaking methods;
280:
Powell expanded his coal business, opening several collieries in the
Newport area – by 1830 Powell's business had become successful – aided by the increasing demand for coal in
326:
By 1862 Powell controlled 16 mines, which exported more than 700,000 tons of coal. Shortly before his death he arranged the merger of his business interests with those of
915:
584:
489:
acquired 100% of PD Ports. from BBI for a nominal $ 1, taking on $ 113 million of debt, as part of BBI port asset sales to reduce the company's debt burdens.
996:
890:
429:
was sold; the loss making railway engineering division was closed in 1993/4; much of the fuel distribution and storage assets were sold between 1996 and 1998.
1121:
382:
the companies' engineering subsidiary expanded in order to fulfill military orders. The 12 colliery Cory
Brothers & Co. Ltd was acquired in 1942, forming
350:, the land of which held much good quality 'steam coal'. By the 1900s the company had begun generating electricity and utilising it in mining. In 1916,
1248:
945:
462:
equipment), representing 2500 of a total workforce of 4,200; the engineering division had higher turnover, but lower profit than the port business.
425:
made an unsuccessful takeover attempt in 1984. From the late 1980s onwards the company disposed of its railway, shipping and bulk liquid assets:
1268:
395:
375:, which had an output of 20 million tons p.a. The merged company included the Cambrian Wagon Works, adding an engineering arm to the business.
221:. During the latter part of the 19th and early 20th centuries, the company expanded its mining activities, also acquiring shipping firm
402:, which took over the companies coal business – after a decade of negotiation Powell Duffryn was paid £16 million for the assets.
1253:
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In 1935, Powell
Duffryn merged with the Welsh Associated Collieries, who owned 34 collieries, and formed the joint venture company
604:
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In 1998 the ship engineering arm was expanded by the purchase of "Kvaerner Ships
Equipment" (KSE) for £34 million from the
327:
218:
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in 1928. After number of colliery acquisitions and a merger with the Welsh
Associated Collieries in 1935 it became
206:
864:
791:
972:"£26 million disposal Deutsche Bank AG, Gardner Denver Inc, Nikko Principal Investments Ltd, Powell Duffryn plc"
574:
273:
who had inherited the family business at the age of 14 on his father's death – in 1810 Powell acquired land in
656:
481:
The company's maritime and port businesses was rebranded in 2003 as PD Ports, Logistics and Shipping (PDPLS).
1096:
Mangan, John; Proctor, Amy; Gibbs, David (2009). De Langen, Peter; Ducruet, César; Notteboom, Theo (eds.).
1018:
682:
630:
554:
210:
39:
305:
and John Latch he formed the first South Wales coal syndicate in 1833, the "Newport Coal Association".
1151:
470:
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230:
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526:
183:
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From the 1830s Powell began assembling his own shipping fleet, and also invested £20,000 in the
245:
1101:
522:
458:
Corp. of Japan, with shareholders accepting 570p per share, a valuation of £507 million.
359:
industry with Stephenson and Clarke in 1920, later acquiring their partners outright by 1928.
351:
312:. By the 1840s Powell's mining interests were the amongst the world's largest coal producers.
309:
222:
187:
1227:
379:
355:
347:
302:
298:
266:
1044:
505:
As of 2013 PD Ports owns and operates the Ports of Tees and Hartlepool under the name
454:
The company was acquired in 2000 by Nikko Principal Investments Japan Ltd., a unit of
451:, and Humberside Holdings Limited in 1992; Powell Duffryn became sole owner in 1995.
236:
The company was acquired in 2000 by Nikko Principal Investments Japan Ltd., a unit of
1242:
538:
455:
320:
281:
237:
159:
98:
781:
510:
422:
285:
191:
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274:
229:
In 1947 the main coal mining division of the business was nationalised into the
202:
79:
997:"Gardner Denver Announces Agreement to Acquire Hamworthy Belliss & Morcom"
550:
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534:
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171:
119:
17:
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316:
was one of Thomas Powell's companies (Dyffrn meaning literally "Valley").
506:
440:
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343:
294:
167:
115:
75:
1098:
Ports in Proximity: Competition and Coordination Among Adjacent Seaports
1100:. Ashgate Publishing. Table 16.2 "UK port operator take-overs", p.229.
290:
558:
546:
179:
175:
946:"Powell Duffryn's new owner plans disposal of engineering division"
605:"Powell Duffryn's new owner plans disposal of engineering division"
213:. After Thomas Powell's death in 1863 the company operated as the
244:. In 2005 the company was acquired by infrastructure division of
163:
509:. The company also operates the Hull Container Terminal at the
334:
in 1863 with a capital of £500,000. Powell died 24 March 1863.
1259:
Companies formerly listed on the Alternative Investment Market
891:"Powell Duffryn falls to £507m offer from private equity firm"
421:
By the 1980s the company was showing good profitability; the
1264:
Private companies limited by guarantee of the United Kingdom
1221:
465:
The Hamworthy Bellis & Morcom compressor division (see
448:
439:
In 1992 the Tees and Hartlepool Port Authority (THPA) (see
140:
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Companies formerly listed on the London Stock Exchange
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1072:"Babcock & Brown trumps bid for UK's PD Ports"
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293:, Aberdare in 1840, opening further mines in both
240:Corp. of Japan. In 2003 the company re-branded as
657:"Babcock & Brown completes PD Ports takeover"
338:Powell Duffryn Steam Coal Company Ltd (1863–1935)
999:(press release). Gardner Denver. 24 August 2001
541:. The company also owns the short sea ports in
418:. Hamworthy Engineering was acquired in 1962.
367:Powell Duffryn Associated Collieries (1935–47)
354:was made a director of the company. After the
217:having been amalgamated into the business of
8:
1208:International directory of company histories
32:
916:"Restructured Powell Duffryn in the market"
473:of the United States for £26 million.
390:Nationalisation, Powell Duffryn (1947–2003)
166:, shipping and logistics company; owner of
1210:. Vol. 31. Powell Duffryn plc, p.367.
38:
31:
496:
301:in the following decades. Together with
27:Shipping and logistics company in the UK
839:"Powell Duffryn in talks to go private"
754:"THE POWELL DUFFRYN STEAM COAL CO. LTD"
596:
269:, Wales in the late 18th century as by
261:Foundation – Thomas Powell (1779?–1863)
1070:Seawright, Steven (12 December 2005).
775:
773:
771:
748:
746:
744:
742:
447:) was acquired by Powell Duffryn Plc,
396:Coal Industry Nationalisation Act 1946
332:Powell Duffryn Steam Coal Company Ltd
284:; good transport connections via the
7:
733:
683:"Brookfield Buys PD Ports | JOC.com"
373:Powell Duffryn Associated Collieries
323:labour was introduced from England.
227:Powell Duffryn Associated Collieries
182:; with additional operations at the
863:Osborne, Alistair (21 March 2001).
837:Osborne, Alistair (21 March 2001).
756:. Rhondda Cynon Taf Library Service
525:; logistics and warehousing at the
1156:www.bulkmaterialsinternational.com
1128:. 23 November 2009. Archived from
1045:"UK ports group is sold for £172m"
25:
889:Hughes, Chris (4 November 2000).
782:"POWELL, THOMAS ( 1779? – 1863 )"
485:December 2005. In November 2009,
342:In 1867 the company acquired the
215:Powell Duffryn Steam Coal Company
1249:Companies based in Middlesbrough
865:"Powell Duffryn on private path"
580:Mersey Docks and Harbour Company
1152:"PD Ports sold for A$ 1 by BBI"
1228:"Powell Duffryn Steam Coal Co"
976:www.internationallawoffice.com
631:"Company moves with the times"
537:; and operates a wharf on the
1:
1269:Companies established in 1840
1019:"Broker buys PD Ports outfit"
922:. 5 June 1998. Archived from
787:Dictionary of Welsh Biography
585:Peninsular and Oriental group
201:, it traces its origins to a
416:Powell Duffryn Wagon Company
398:led to the formation of the
487:Brookfield Asset Management
250:Brookfield Asset Management
209:in the 19th century in the
130:Brookfield Asset Management
1290:
408:Powell Duffryn Engineering
1122:"New Owners For PD Ports"
792:National Library of Wales
37:
1254:Port operating companies
1206:Gant, Tina, ed. (2000).
575:Associated British Ports
346:Estate from iron master
265:The business started in
1023:London Evening Standard
780:Morgan, Walter Thomas.
277:and began coal mining.
502:
1232:www.gracesguide.co.uk
950:www.theengineer.co.uk
555:River Ouse, Yorkshire
500:
211:South Wales coalfield
467:Belliss & Morcom
1132:on 19 December 2013
926:on 19 December 2013
920:The Birmingham Post
471:Gardner Denver Inc.
400:National Coal Board
384:Powell Duffryn Ltd.
248:, and then sold to
246:Babcock & Brown
231:National Coal Board
205:company founded by
162:, UK headquartered
111:Number of locations
34:
952:. 16 November 2000
637:. 27 February 2003
611:. 16 November 2000
527:Port of Felixstowe
503:
328:Sir George Elliott
197:Formerly known as
184:Port of Felixstowe
1182:www.pdports.co.uk
817:www.pdports.co.uk
813:"Company History"
663:. 1 February 2006
523:Port of Immingham
427:Stephenson Clarke
310:Taff Vale Railway
223:Stephenson Clarke
219:Sir George Elliot
188:Port of Immingham
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1158:. 9 October 2009
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661:FreightWaves
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635:Ipswich Star
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613:. Retrieved
609:The Engineer
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511:Port of Hull
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443:and Port of
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423:Hanson Trust
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286:River Severn
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94:Headquarters
47:Company type
29:
1162:19 December
1136:19 December
1081:19 December
1055:19 December
1029:19 December
1003:19 December
956:19 December
930:19 December
900:19 December
797:19 December
760:19 December
687:www.joc.com
563:River Trent
519:warehousing
515:stevedoring
412:Llantrisant
378:During the
275:Llanhilleth
203:coal mining
80:South Wales
63:Predecessor
1243:Categories
591:References
551:Howdendyke
543:Scunthorpe
535:Billingham
531:Scunthorpe
501:Hartlepool
493:Operations
445:Hartlepool
172:Hartlepool
120:Hartlepool
1187:5 January
981:5 January
822:5 January
734:Gant 2000
252:in 2009.
1222:PD Ports
1049:BBC News
569:See also
507:Teesport
441:Teesport
434:Kvaerner
414:and the
352:E.M Hann
344:Aberaman
297:and the
295:Aberdare
242:PD Ports
168:Teesport
156:PD Ports
143:.pdports
116:Teesport
76:Aberdare
55:Industry
33:PD Ports
1200:Sources
874:24 June
848:24 June
557:), and
291:Cwmbach
267:Newport
256:History
136:Website
104:England
86:Founder
71:Founded
1104:
692:2 July
667:2 July
641:2 July
615:2 July
559:Keadby
547:Howden
533:, and
190:, and
180:Keadby
176:Howden
74:1840,
158:is a
126:Owner
58:Ports
1189:2013
1164:2013
1138:2013
1102:ISBN
1083:2013
1057:2013
1031:2013
1005:2013
983:2014
958:2013
932:2013
902:2013
876:2008
850:2008
824:2014
799:2013
762:2013
694:2021
669:2021
643:2021
617:2021
517:and
178:and
164:port
565:).
410:in
147:.uk
145:.co
141:www
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702:^
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553:,
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