The heavy equipment industry is not immune to disruptive innovation. However, equipment manufacturers and distributors can recognize and leverage disruptive innovations and create new value to stay in business and prosper. Disruption expert Luke Williams will tell them how as keynote speaker of the AEM/AED Forum: Drivers of the Industry, Sept. 12-14 in Chicago. Williams, founder of W.R. Berkley Innovation Labs and…
Read MoreDay: August 24, 2017
This Week’s Market Buzz
• Demand for raw frac sand is forecast to increase more than 4 percent per year to nearly 100 billion lb. in 2021, according to “Proppants Market in North America,” a new study from The Freedonia Group, a Cleveland-based industry research firm. In value terms, raw frac sand is expected to grow 10 percent per year to more than $3…
Read MoreU.S. Silica Acquires Mississippi Sand
U.S. Silica Holdings Inc. has acquired Mississippi Sand LLC, a frac sand mining and logistics company based in St. Louis, for $95.4 million in cash. The plant, located in Festus, Mo., is capable of producing 1.2 million tons annually of mostly fine grade sand. Nearly two-thirds of its total production is 40/70 mesh that is in the highest demand today…
Read MoreSelect Sands Doubles Revenue in Second Quarter
Select Sands Corp announced financial and operational results for the second quarter of 2017. Revenue more than doubled to $3.1 million CAD from $1.5 million in the first quarter 2017. Second quarter revenue would have been greater, except for lost sales volumes of 8,000 to 12,000 tons due to a pause in shipping during the May flood in Arkansas, and…
Read MoreBlack Mountain Honored by Texas Conservation Plan
Black Mountain Sand LLC announced that the Texas Comptroller of Public Accounts, in conjunction with U.S. Fish and Wildlife Service (USFWS), has granted its Vest and El Dorado frac sand mines together a Certificate of Inclusion into the Texas Conservation Plan (TCP) for the Dunes Sagebrush Lizard (DSL).
Read MoreNorthern Oak Seeks Restitution from Northern Sands
Northern Oak Proppants LLC of Minneapolis filed a lawsuit Aug. 10 against Northern Sands LLC of Winona, Minn., according to The Chippewa Herald.
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