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 MoreMonth: November 2018
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 MoreConstruction 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…
Read MoreCat Introduces New, Upgraded Products at Peoria Event
Caterpillar, at its annual fall product showcase in Peoria, Ill., introduced new and upgraded products to the trade press.
Read MorePLG’s Robinson Makes Frac Sand Market Observations
PLG Consulting’s president, Taylor Robinson, was part of Petroleum Connection’s 7th Annual Frac Sand Supply & Logistics Conference in San Antonio. The event was held in late October and more than 700 industry insiders gathered to discuss the most relevant topics in a dynamic industry that has hit an inflection point this year. Following are his observations.
Read MoreHi-Crush Enters Supply Agreement With Chesapeake
Hi-Crush Partners LP has entered into a new, long-term frac sand supply agreement for the in-basin purchase of Northern White frac sand to support Chesapeake Energy Corp. and its completions program in the Marcellus and Powder River Basins. In addition, Chesapeake will utilize one PropStream container crew and related logistics with the option to expand based on demand.
Read MoreSelect Sands Hit Hard in Third Quarter; Expects Return to Full Production
Select Sands Corp. announced operational and financial results for the third quarter of 2018 The company is reporting that it:
Read MoreCovia Releases First Quarterly Report Since Merger
Covia announced results for the third quarter ended Sept. 30, 2018. As a result of the merger that closed on June 1, 2018, Covia’s 2018 reported results, under U.S. generally accepted accounting principles, include the consolidated financial results of both Unimin Corp. and Fairmount Santrol Holdings Inc. for the four months ended Sept. 30, 2018, as well as the stand-alone…
Read MoreThis Week’s Market Buzz
Crude oil prices crashed on Nov. 14, losing 7 percent in just one day, which was the biggest daily loss in three years. At press time, WTI is $56.67 per barrel, and Brent $66.8, despite pressure by a vicious combination of demand outlook, oversupply concerns and other factors such as President Trump’s call on OPEC to keep production at current…
Read MorePCA: 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.
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