After examining the current construction materials marketplace and reviewing customer feedback in North Carolina, South Carolina and Virginia, IROCK Crushers announced Hills Machinery as its exclusive dealer to the region.
Read MoreTag: Construction materials
Material Shortages, Price Increases
Nov. 24, 2020 – According to Ken Simonson, chief economist for Associated General Contractors of America (AGC), selective materials shortages and price increases continue to affect contractors. AGC has received reports of cement shortages in California and Utah. Participants in the October ABI survey also reported problems. Overall, six in 10 responding firms this month indicated that they have seen some degree of…
Read MoreMDU Resources to Invest in Future
MDU Resources Group Inc. expects to make capital investments of more than $3 billion for the years 2021 through 2025, the company stated.
Read MoreWest Virginia Settles Antitrust Case With Construction Materials Producers
West Virginia Gov. Jim Justice joined Attorney General Patrick Morrisey to announce that the state and six local governments reached a $101.35 million settlement with 11 asphalt and paving companies – the largest single-state antitrust settlement in West Virginia’s history.
Read MoreArcosa Sees Spike in Construction Materials Business
Arcosa Inc. reported that total revenues increased 15% to $498.5 million in the second quarter. Construction materials revenues increased 28% to $148.2 million in the second quarter, driven primarily by the acquisition of Cherry Industries. “In our legacy construction aggregates businesses, natural aggregates revenues were higher due to a robust increase in volume, partially offset by weakness in our plants…
Read MoreMDU Resources Group Reports Record Earnings
MDU Resources Group Inc. reported second quarter earnings of $99.7 million, or 50 cents per share, a 61% increase over second quarter 2019 earnings of $61.8 million, or 31 cents per share. For the six months ended June 30, MDU Resources earned $124.8 million, or 62 cents per share, compared to $102.7 million, or 52 cents per share, in 2019.
Read MoreThe Sunrock Group Acquires Canadian Reserves
The Sunrock Group, a privately held construction materials supplier headquartered in Raleigh, N.C., has acquired an existing quarry with 1,400 acres of high-quality aggregate reserves from Brazil-based Votorantim Cimentos’ North American business unit Canada Building Materials/St. Mary’s Cement.
Read MoreMDU Construction Materials Business Down in First Quarter
MDU Resources Group Inc. reported first quarter earnings of $25.1 million, or 13 cents per share, compared to first quarter 2019 earnings of $40.9 million, or 21 cents per share.
Read MoreMDU Resources Construction Materials Business Up 30%
MDU Resources Group Inc. reported earnings increased 23% in 2019 to $335.5 million, or $1.69 per share, compared to 2018 earnings of $272.3 million, or $1.39 per share. In the fourth quarter of 2019, the company’s earnings were $95.1 million, or 47 cents per share, compared to $78.8 million, or 40 cents per share, in 2018.
Read MoreLafargeHolcim Names Allen GM of Mountain Region
LafargeHolcim has appointed Woodrow “Chance” Allen general manager for the Mountain Region for the US Aggregates and Construction Materials (ACM) organization. Allen has extensive experience in lean manufacturing and managing large-scale businesses. “Chance brings a valuable perspective of the US aggregates and construction materials industry,” said Jay M. Moreau, CEO, US ACM. “His experience in production and in developing and…
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