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New Lime Plant Set for California

Panamint Valley Limestone Inc. announced development of a lime plant in Trona, Calif. The $45 million plant will be the only producer of lime in the state of California, where currently all lime used is imported from out of state. The plant is expected to create 30 to 40 well-paying jobs.

Read more: New Lime Plant Set for California

Four Corners Materials Donates Land

Four Corners Materials, a division of Oldcastle Materials, donated 40 acres of what once was an aggregates operation to the City of Farmington, N.M., for use as “green space and waterfront recreation,” according to a press release from the city and the River Reach Foundation.

Read more: Four Corners Materials Donates Land

New Enterprise Completes Strategic Acquisition; Divestiture

New Enterprise Stone & Lime Co. Inc. (NESL) of New Enterprise, Pa., announced that on May 4 it acquired certain assets of Popple Construction Inc. and Pioneer Aggregates Inc., consisting primarily of one aggregate plant, one hot mix asphalt plant and a paving laydown business.

Read more: New Enterprise Completes Strategic Acquisition; Divestiture

Eagle Materials Buoyed by Heavy Materials Operating Earnings

Eagle Materials Inc. reported record revenue of $1.4 billion, up 14 percent for fiscal year 2018; and record revenue of $284.7 million, up 2 percent for its fiscal fourth quarter ended March 31, 2018.

Read more: Eagle Materials Buoyed by Heavy Materials Operating Earnings

Construction Costs Surge in April on Proposed Tariffs

The cost of goods used in construction jumped in April at the fastest year-over-year rate since 2011, with ongoing increases for a wide range of building materials, including many that are subject to proposed tariffs that could drive prices still higher and cause scarcities, according to an analysis by the Associated General Contractors of America of Labor Department data. Association officials said that the new data indicates many firms are already being squeezed by higher materials prices that they are unable to pass along to their customers.

Read more: Construction Costs Surge in April on Proposed Tariffs