Rock Products Logo
 

Arcosa Acquires ACG Materials

Arcosa Inc. has reached a definitive agreement with an affiliate of H.I.G. Capital, LLC to acquire ACG Materials for approximately $315 million.

Read more: Arcosa Acquires ACG Materials

Vulcan Donates to College Heavy Equipment Scholarships

Vulcan Materials recently awarded $8,000 to Wilkes Community College in North Carolina to use for student scholarships. These scholarships are awarded to incoming freshmen students enrolled in the Diesel and Heavy Equipment Technology.

Read more: Vulcan Donates to College Heavy Equipment Scholarships

Construction Spending Hits Record High

Construction spending hit a seasonally adjusted annual rate of a record $1.329 trillion and grew 5.5 percent for nine months of 2018 combined, with continued year-to-date gains for major public and private categories, according to an analysis of new government data by the Associated General Contractors of America. Association officials said that while demand for construction should remain strong for the next several months, the construction sector could be impacted by new trade tariffs, continues workforce shortages and higher interest rates.

Read more: Construction Spending Hits Record High

PCA: Cement Consumption Growth to Falter Over Next Two Years

The Portland Cement Association (PCA) Market Intelligence Group forecast for cement consumption over the next two years, shows less growth compared with 2018. This year’s rate of change is 2.9 percent; growth recedes to 2.6 percent in 2019 and to 1.6 percent in 2020. 

Read more: PCA: Cement Consumption Growth to Falter Over Next Two Years