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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/tarmac-tieup-with-lafarge-planned.jpg"><img class="alignnone size-full" title="Tarmac has been involved in building the Olympic Stadium" src="http://londonglossy.com/wp-content/uploads/2011/02/min-tarmac-tieup-with-lafarge-planned.jpg" alt="Tarmac has been involved in building the Olympic Stadium"/></a></p>
<p>Tarmac owner Anglo American and France&#8217;s Lafarge have unveiled plans to pour their cement, aggregates, ready-mixed concrete and asphalt operations into a new UK joint venture.</p>
<p>The two businesses recorded combined sales of £1.8 billion in 2010 and are expected to generate cost savings of at least £60 million a year from the proposed tie-up, which is subject to regulatory approval.</p>
<p>Lafarge entered the UK market in 1987 before acquiring Redland in 1997 and Blue Circle in 2001. It employs 2,800 people in the UK and supplies around 50% of the cement market.</p>
<p>Tarmac is the UK&#8217;s largest quarrying company and has been involved in some of the UK&#8217;s biggest construction projects including Wembley Stadium, Emirates Stadium, the M1 widening, M25 resurfacing and the London Olympics.</p>
<p>It employs 4,500 people in the UK and has a portfolio including 118 quarries, 69 asphalt plants and 180 ready-mixed concrete sites.</p>
<p>The companies said the combination will create greater value for their customers, given the bigger offer of products and services.</p>
<p>Anglo American said it expected any job losses from the tie-up to be minimal.</p>
<p>The joint venture will operate with its own board of directors and will be led by an independent chairman and executive management teams drawn from both businesses.</p>
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