Superior Industries Inc. announced expansion plans at its facility in Prescott Valley, Ariz. The company said it will add a fourth production line for manufacturing its equipment used in the construction aggregates and metals mining industries around the world. “Our dealers in the region are growing rapidly and we need to increase production space so they can continue supporting their…
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Housing Sentiment Drops, But What About the Growing Population?
For decades now, I have written columns and made industry presentations around the country that talk about the one, sure-fire driver of construction in America: population growth. Yes, the long, historical graph line has a sawtooth to it, but generally speaking, it is the population growth in our country that has driven construction growth, as we build homes to house…
Read MoreGeneva Rock Moving Headquarters
Geneva Rock has acquired the Riverboat Road Building in Taylorsville, Utah, which will now serve as its new headquarters. “We’re excited to be changing our address to this historical building,” said Jay Ritchie, president of Geneva Rock. “With its 100,000 sq. ft. space and ample amenities, we’re confident we will be better equipped to meet the needs of our customers.…
Read MoreAggregates Production: What Went Wrong?
March 6, 2023 – At the start of 2022, it was highly anticipated that aggregates production would rise to about 2.80 billion metric tons (Gt) for the year. Well, final numbers are in and the estimated annual output of construction aggregates produced for consumption in 2022 was 2.44 Gt, unchanged from that of 2021, according to Jason Christopher Willett, commodity…
Read MoreUSGS: Aggregates Production Flat in 2022
The estimated annual output of construction aggregates produced for consumption in 2022 was 2.44 billion metric tons (Gt), unchanged from that of 2021, according to Jason Christopher Willett, commodity specialist at the U.S. Geological Survey’s National Minerals Information Center. The estimated annual output of crushed stone produced for consumption in 2022 was 1.50 Gt unchanged from that of 2021. The…
Read MoreFIRST LOOK – March 2023
TOP NEWS Vulcan MaterialsVulcan Materials Co. announced results for the quarter and year ended Dec. 31, 2022. In the fourth quarter 2022, the company reported total revenues of $1.732 billion versus $1.606 billion in the fourth quarter of 2021. For full-year 2022, the company reported total revenues of $7.315 billion versus $5.552 billion for full-year 2021, more than a 30%…
Read MoreHolcim Acquires Pioneer Landscape Centers Quarries
Holcim acquired the sand and aggregates quarries of Pioneer Landscape Centers, a market leader in the fast growing metropolitan markets Denver, Phoenix and Colorado Springs, Colo., and a major supplier of construction aggregates for the region. The transaction includes 13 quarries and complements Holcim’s December 2022 acquisition of aggregate reserves in Greeley, Colo. The acquisitions will support Holcim’s growth in…
Read MoreSecond Quarter Aggregates Production Stays High
An estimated 687 million metric tons (Mt) of total construction aggregates was produced and shipped for consumption in the United States in the second quarter of 2022, essentially unchanged compared with that of the second quarter of 2021, according to Jason Christopher Willett, commodity specialist, National Minerals Information Center, U.S. Geological Survey. The five leading states, in descending order of…
Read MoreAggregates Production
The Estimated Production-For-Consumption Of Construction Aggregates In The First Quarter Of 2022 Increased In Four Of The Nine Geographic Divisions. The estimated U.S. output of construction aggregates produced and shipped for consumption in the first quarter of 2022 was 476 million metric tons (Mt), an increase of 4.1% compared with that of the same period of 2021, according to Jason…
Read MoreHow The Housing Slowdown Affects GDP
Look, there is no sugar-coating this, the housing market is really slowing down because of the action the Fed is taking to tame inflation. Interest rates are on the rise, and that has served to tamp down a tremendously overheated housing market that was starting to look eerily similar to the tulip mania craze of the 1600s in Holland, when…
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