History: Lloyd & Lloyd Ltd
The history of Lloyd & Lloyd Ltd closely paralleled that of A. & J. Stewart, establishing itself as one of the largest iron and steel tube manufacturers in England.
Iron ore had been mined in the Corby, Northamptonshire area for some time, when Samuel Lloyd came to the village in 1880 and negotiated the purchase of the mineral rights for the Manor of Corby. Extraction commenced in the following year and the ore was then transported by rail to the Albion Works in the West Midlands. Lloyds Ironstone Company, who erected two blast furnaces on the edge of the village in 1910, started iron production but the main problems was the extraction of the ore itself, the physical act of getting the ore from the ground was in need of mechanization and before the end of the 19th century a mechanical digger, with a bucket capable of holding 11 cubic yards arrived in the mines. To increase production further a steam shovel, after finishing work on the construction of the Panama Canal, was brought to Corby. Its bucket could hold nearly three times the amount of its earlier, smaller brother.
The Clydeside Tube Co. Ltd., makers of weldless tubes was acquired by Lloyd & Lloyd in 1900 and was also brought into the merger.
Read more about this topic: Stewarts & Lloyds
Famous quotes containing the word lloyd:
“To look at the cross-section of any plan of a big city is to look at something like the section of a fibrous tumor.”
—Frank Lloyd Wright (1869–1959)