Eurovia and Aggregate Industries have announced the formation of a new joint venture company that will supply asphalt, concrete, pre-cast and aggregate materials on the Isle of Wight and service the Island's Highways PFI. The joint venture company will trade as 'Wight Building Materials Limited'.

Aggregate Industries already trades on the Isle of Wight through a subsidiary, Bardon Vectis, which has been established on the Island for 30 years. Wight Building Materials will comprise virtually all of the existing Bardon Vectis holdings on the Isle of Wight, including the existing asphalt plant at Blackwater Quarry, St George's Down.

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An application to upgrade asphalt production at Blackwater Quarry was submitted in 2012 and approved in May 2013.

Eurovia Roadstone submitted an application for a modern low emission asphalt plant at Medina Wharf in 2012. Subject to the various additional measures being approved by the Isle of Wight Council at Blackwater Quarry to deliver high performance asphalt production for the Highways PFI and for asphalt aggregate recycling, this will no longer be required.

As a supplier of asphalt and other related building materials, Wight Building Materials will play a central supply role in the delivery of the roads maintenance and highways upgrade programmes run under the 25-year PFI contract.

(CD/JP)