487:
29:
473:
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
450:
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
347:
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
277:
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
222:. 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.
351:
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.
394:
The firm diversified, expanding its former secondary interests: engineering, fuel distribution and shipping. Additional interests included timber, quarries, and brickmaking. Engineering interests included
1247:
1252:
308:
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;
269:
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
1262:
315:
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
904:
478:
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.
985:
879:
418:
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.
1110:
371:
the companies' engineering subsidiary expanded in order to fulfill military orders. The 12 colliery Cory
Brothers & Co. Ltd was acquired in 1942, forming
339:, 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,
934:
451:
equipment), representing 2500 of a total workforce of 4,200; the engineering division had higher turnover, but lower profit than the port business.
573:
414:
made an unsuccessful takeover attempt in 1984. From the late 1980s onwards the company disposed of its railway, shipping and bulk liquid assets:
364:, 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.
210:. During the latter part of the 19th and early 20th centuries, the company expanded its mining activities, also acquiring shipping firm
391:, which took over the companies coal business – after a decade of negotiation Powell Duffryn was paid £16 million for the assets.
1237:
360:
In 1935, Powell
Duffryn merged with the Welsh Associated Collieries, who owned 34 collieries, and formed the joint venture company
593:
421:
In 1998 the ship engineering arm was expanded by the purchase of "Kvaerner Ships
Equipment" (KSE) for £34 million from the
1257:
384:
912:
742:
827:
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in 1928. After number of colliery acquisitions and a merger with the Welsh
Associated Collieries in 1935 it became
853:
961:"£26 million disposal Deutsche Bank AG, Gardner Denver Inc, Nikko Principal Investments Ltd, Powell Duffryn plc"
316:
262:
who had inherited the family business at the age of 14 on his father's death – in 1810 Powell acquired land in
207:
645:
470:
The company's maritime and port businesses was rebranded in 2003 as PD Ports, Logistics and Shipping (PDPLS).
775:
1085:
Mangan, John; Proctor, Amy; Gibbs, David (2009). De Langen, Peter; Ducruet, César; Notteboom, Theo (eds.).
1007:
671:
486:
619:
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238:
118:
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and John Latch he formed the first South Wales coal syndicate in 1833, the "Newport Coal Association".
259:
195:
1140:
780:
563:
801:
960:
297:
From the 1830s Powell began assembling his own shipping fleet, and also invested £20,000 in the
447:
Corp. of Japan, with shareholders accepting 570p per share, a valuation of £507 million.
348:
industry with Stephenson and Clarke in 1920, later acquiring their partners outright by 1928.
301:. By the 1840s Powell's mining interests were the amongst the world's largest coal producers.
543:
199:
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8:
459:
455:
388:
219:
515:
234:
172:
1033:
494:
As of 2013 PD Ports owns and operates the Ports of Tees and Hartlepool under the name
443:
The company was acquired in 2000 by Nikko Principal Investments Japan Ltd., a unit of
440:, and Humberside Holdings Limited in 1992; Powell Duffryn became sole owner in 1995.
225:
The company was acquired in 2000 by Nikko Principal Investments Japan Ltd., a unit of
28:
1090:
511:
340:
298:
211:
176:
770:
368:
344:
336:
291:
218:
In 1947 the main coal mining division of the business was nationalised into the
287:
255:
986:"Gardner Denver Announces Agreement to Acquire Hamworthy Belliss & Morcom"
1231:
1166:
527:
444:
309:
270:
226:
148:
87:
499:
411:
274:
180:
305:
was one of Thomas Powell's companies (Dyffrn meaning literally "Valley").
551:
507:
503:
400:
263:
191:
68:
1087:
Ports in Proximity: Competition and Coordination Among Adjacent Seaports
1089:. Ashgate Publishing. Table 16.2 "UK port operator take-overs", p.229.
539:
531:
523:
519:
433:
160:
108:
326:
935:"Powell Duffryn's new owner plans disposal of engineering division"
594:"Powell Duffryn's new owner plans disposal of engineering division"
495:
429:
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332:
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156:
104:
64:
202:. After Thomas Powell's death in 1863 the company operated as the
355:
279:
233:. In 2005 the company was acquired by infrastructure division of
547:
535:
498:. The company also operates the Hull Container Terminal at the
323:
in 1863 with a capital of £500,000. Powell died 24 March 1863.
168:
164:
1248:
Companies formerly listed on the Alternative Investment Market
880:"Powell Duffryn falls to £507m offer from private equity firm"
378:
410:
By the 1980s the company was showing good profitability; the
1253:
Private companies limited by guarantee of the United Kingdom
1210:
454:
The Hamworthy Bellis & Morcom compressor division (see
428:
In 1992 the Tees and Hartlepool Port Authority (THPA) (see
152:
129:
249:
437:
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Companies formerly listed on the London Stock Exchange
718:
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1061:"Babcock & Brown trumps bid for UK's PD Ports"
710:
708:
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702:
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282:, Aberdare in 1840, opening further mines in both
229:Corp. of Japan. In 2003 the company re-branded as
646:"Babcock & Brown completes PD Ports takeover"
327:Powell Duffryn Steam Coal Company Ltd (1863–1935)
1229:
988:(press release). Gardner Denver. 24 August 2001
689:
530:. The company also owns the short sea ports in
407:. Hamworthy Engineering was acquired in 1962.
356:Powell Duffryn Associated Collieries (1935–47)
343:was made a director of the company. After the
206:having been amalgamated into the business of
1197:International directory of company histories
905:"Restructured Powell Duffryn in the market"
462:of the United States for £26 million.
379:Nationalisation, Powell Duffryn (1947–2003)
155:, shipping and logistics company; owner of
1199:. Vol. 31. Powell Duffryn plc, p.367.
27:
1058:
485:
290:in the following decades. Together with
16:Shipping and logistics company in the UK
851:
828:"Powell Duffryn in talks to go private"
825:
743:"THE POWELL DUFFRYN STEAM COAL CO. LTD"
258:, Wales in the late 18th century as by
250:Foundation – Thomas Powell (1779?–1863)
1230:
1059:Seawright, Steven (12 December 2005).
877:
764:
762:
760:
737:
735:
733:
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436:) was acquired by Powell Duffryn Plc,
385:Coal Industry Nationalisation Act 1946
321:Powell Duffryn Steam Coal Company Ltd
273:; good transport connections via the
1194:
722:
672:"Brookfield Buys PD Ports | JOC.com"
362:Powell Duffryn Associated Collieries
312:labour was introduced from England.
216:Powell Duffryn Associated Collieries
171:; with additional operations at the
852:Osborne, Alistair (21 March 2001).
826:Osborne, Alistair (21 March 2001).
757:
745:. Rhondda Cynon Taf Library Service
728:
514:; logistics and warehousing at the
465:
13:
1145:www.bulkmaterialsinternational.com
1117:. 23 November 2009. Archived from
1034:"UK ports group is sold for £172m"
768:
14:
1274:
1204:
878:Hughes, Chris (4 November 2000).
771:"POWELL, THOMAS ( 1779? – 1863 )"
474:December 2005. In November 2009,
331:In 1867 the company acquired the
204:Powell Duffryn Steam Coal Company
1238:Companies based in Middlesbrough
854:"Powell Duffryn on private path"
569:Mersey Docks and Harbour Company
1159:
1141:"PD Ports sold for A$ 1 by BBI"
1133:
1103:
1078:
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1026:
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978:
953:
927:
897:
871:
845:
1217:"Powell Duffryn Steam Coal Co"
965:www.internationallawoffice.com
819:
794:
664:
638:
620:"Company moves with the times"
612:
586:
526:; and operates a wharf on the
1:
1258:Companies established in 1840
1008:"Broker buys PD Ports outfit"
911:. 5 June 1998. Archived from
776:Dictionary of Welsh Biography
579:
574:Peninsular and Oriental group
481:
190:, it traces its origins to a
405:Powell Duffryn Wagon Company
387:led to the formation of the
7:
557:
476:Brookfield Asset Management
239:Brookfield Asset Management
198:in the 19th century in the
119:Brookfield Asset Management
10:
1279:
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397:Powell Duffryn Engineering
244:
1111:"New Owners For PD Ports"
781:National Library of Wales
124:
114:
98:
82:
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51:
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35:
26:
1243:Port operating companies
1195:Gant, Tina, ed. (2000).
564:Associated British Ports
335:Estate from iron master
254:The business started in
1012:London Evening Standard
769:Morgan, Walter Thomas.
266:and began coal mining.
491:
1221:www.gracesguide.co.uk
939:www.theengineer.co.uk
544:River Ouse, Yorkshire
489:
200:South Wales coalfield
456:Belliss & Morcom
1121:on 19 December 2013
915:on 19 December 2013
909:The Birmingham Post
460:Gardner Denver Inc.
389:National Coal Board
373:Powell Duffryn Ltd.
237:, and then sold to
235:Babcock & Brown
220:National Coal Board
194:company founded by
151:, UK headquartered
100:Number of locations
23:
941:. 16 November 2000
626:. 27 February 2003
600:. 16 November 2000
516:Port of Felixstowe
492:
317:Sir George Elliott
186:Formerly known as
173:Port of Felixstowe
21:
1171:www.pdports.co.uk
806:www.pdports.co.uk
802:"Company History"
652:. 1 February 2006
512:Port of Immingham
416:Stephenson Clarke
299:Taff Vale Railway
212:Stephenson Clarke
208:Sir George Elliot
177:Port of Immingham
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466:PD Ports (2003–)
425:shipping group.
369:Second World War
303:Powell's Duffryn
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650:FreightWaves
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624:Ipswich Star
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602:. Retrieved
598:The Engineer
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500:Port of Hull
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432:and Port of
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412:Hanson Trust
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36:Company type
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1151:19 December
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1070:19 December
1044:19 December
1018:19 December
992:19 December
945:19 December
919:19 December
889:19 December
786:19 December
749:19 December
676:www.joc.com
552:River Trent
508:warehousing
504:stevedoring
401:Llantrisant
367:During the
264:Llanhilleth
192:coal mining
69:South Wales
52:Predecessor
1232:Categories
580:References
540:Howdendyke
532:Scunthorpe
524:Billingham
520:Scunthorpe
490:Hartlepool
482:Operations
434:Hartlepool
161:Hartlepool
109:Hartlepool
1176:5 January
970:5 January
811:5 January
723:Gant 2000
241:in 2009.
1211:PD Ports
1038:BBC News
558:See also
496:Teesport
430:Teesport
423:Kvaerner
403:and the
341:E.M Hann
333:Aberaman
286:and the
284:Aberdare
231:PD Ports
157:Teesport
145:PD Ports
132:.pdports
105:Teesport
65:Aberdare
44:Industry
22:PD Ports
1189:Sources
863:24 June
837:24 June
546:), and
280:Cwmbach
256:Newport
245:History
125:Website
93:England
75:Founder
60:Founded
1093:
681:2 July
656:2 July
630:2 July
604:2 July
548:Keadby
536:Howden
522:, and
179:, and
169:Keadby
165:Howden
63:1840,
147:is a
115:Owner
47:Ports
1178:2013
1153:2013
1127:2013
1091:ISBN
1072:2013
1046:2013
1020:2013
994:2013
972:2014
947:2013
921:2013
891:2013
865:2008
839:2008
813:2014
788:2013
751:2013
683:2021
658:2021
632:2021
606:2021
506:and
167:and
153:port
554:).
399:in
136:.uk
134:.co
130:www
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1129:.
1099:.
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