TOP NEWS Martin Marietta Makes Waves Martin Marietta Materials Inc. reported record results for the fourth quarter and full year 2016. For the fourth quarter of 2016, Martin Marietta achieved net sales of $889.0 million compared with $780.8 million in the 2015 fourth quarter. New Enterprise Buys New Enterprise Stone & Lime Co. Inc. acquired the core assets of Berks…
Read MoreMonth: February 2017
What The Frac Will They Be Talking About?
Feb. 27, 2017 – Going to ConExpo-Con/Agg? If you are a frac sand producer, don’t miss a special Rock Products-sponsored seminar: Frac Sand: How Technology and Market Dynamics Will Drive Future Success. It will take place in the Westgate hotel (former Hilton), Ballroom G, March 10, from 3:00 – 4:00 p.m. Panelists will be: Joel Schneyer, managing director, Headwaters MB. Mark Krumenacher…
Read MoreTerex Trucks Appoints ICP as Costa Rica Dealer
Terex Trucks announced a partnership with ICP (International Construction Parts) to distribute and support its articulated dump trucks in Costa Rica. Strengthening its capacity to aid customers in the Americas, the manufacturer’s collaboration with ICP will ensure that the requirements for the acquisition and maintenance of machines are met to a high standard. ICP will offer Terex Trucks’ three models of…
Read MoreConExpo-Con/Agg Spotlight: Tandem Products
Rhino Hyde polyurethane wear products, being shown in booth C33229, are manufactured using formulations based on more than 40 years of application experience. The company’s mission is to provide the longest wearing polyurethane screen panels on the market. “In fact, we have proven to outlast certain competitors’ panels by up to twice the wear life, depending on the OEM and…
Read MoreEverybody Loves Infrastructure Spending
Feb. 24, 2017 – Eighty-seven percent of voters said they back the idea of boosting federal government spending on infrastructure, per a new Quinnipiac University poll. Both Democrats and Republicans, men and women, and younger as well as older voters said they support the idea. Overall support has remained steady since Quinnipiac posed the question (“Do you support or oppose increasing…
Read MoreNew Plant to Be Built in Texas
Texas Frac LLC, a Wisconsin-based company, is constructing a sand plant on 1,400 acres of near Saint Jo, Texas. Construction is planned to start next month, according to The Gainesville Daily Register.
Read MoreU.S. Silica Holdings Fourth Quarter Results Strong
U.S. Silica Holdings Inc. announced a net loss of $6.9 million or $0.09 per basic and diluted share for the fourth quarter ended Dec. 31, 2016, compared with a net loss of $15.3 million or $0.29 per basic and diluted share for the fourth quarter ended Dec. 31, 2015. The fourth quarter results were negatively impacted by $2.6 million of…
Read MoreHi-Crush Frac Sand Volumes Up for Quarter; Down for Year
Hi-Crush Partners LP reported fourth-quarter and full-year 2016 results. Revenues for the quarter ended Dec. 31, 2016, totaled $67.3 million on sales of 1,358,511 tons of frac sand. This compares to $46.6 million of revenues on sales of 1,082,974 tons of frac sand in the third quarter of 2016.
Read MoreFrac Sand Market Projected to Expand
According to the study “World Industrial Silica Sand Market” by the Freedonia Group, although the hydraulic fracturing industry has struggled for the past year or so, it will remain the fastest growing market for silica sand on a global basis through 2020. Given silica sand’s importance in industrial applications, however, there are other stories about the mineral that are worth…
Read MoreThis Week’s Market Buzz
• Oil prices rose on February 23 after U.S. data showed a surprise decline in inventories, suggesting that a global glut may be ending after moves by OPEC to cut production. Benchmark Brent crude oil was up $1.05 a barrel, or 1.9 percent, at $56.89, recovering from a drop of 82 cents. U.S. light crude rose $1, or 1.9 percent…
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