Numa has released a range of HDD Drilling Systems designed for productive and efficient drilling in hard rock and fractured ground formations. “Numa has a long history of serving the HDD market and with our range of HDD Drilling Systems we enhance our ability to serve our customers with the right products for the job,” said Numa President Ralph Leonard.…
Read MoreMonth: August 2019
States the Truth
Aug. 9, 2019 – The nation’s governors are taking matters into their own hands. “On behalf of the nation’s governors, we applaud the Senate Environment and Public Works Committee for taking this first step,” the National Governors Association (NGA) said in a statement about the recent America’s Transportation Infrastructure Act. “The bill’s emphasis on formula funding, safety and resiliency comes at…
Read MoreCovia Sells Winchester and Western Railroad to OmniTRAX
Covia announced that it has executed a definitive agreement to sell its Winchester and Western Railroad (W&W) to an affiliate of OmniTRAX Inc. for total proceeds of $105.0 million in cash, subject to certain adjustments set forth in the definitive agreement. As part of the transaction, OmniTRAX will assume ownership of approximately 470 railcars, which the W&W currently owns.
Read MoreU.S. Silica Posts Strong Second Quarter
U.S. Silica Holdings Inc. announced net income of $6.2 million, or $0.08 per basic and diluted share for the second quarter of 2019. In its oil and gas segment, the company is reporting:
Read MoreBlack Mountain Partners with Hexion
Black Mountain Sand LLC and The Oilfield Technology Group (OTG) of Hexion Inc. announced a partnership created to provide in-basin production of resin-coated proppants. The partnership utilizes Hexion’s Voyager SM mobile resin coating service and substrate from Black Mountain Sand.
Read MoreHi-Crush Sand Revenues up in Second Quarter
Hi-Crush Inc. is reporting revenues of $178.0 million in the second quarter of 2019 as compared to $159.9 million in the first quarter of 2019.
Read MoreThis Week’s Market Buzz
• At press time, Brent crude October futures lost as much as 5.2% to $55.88 a barrel, and prices have decreased more than 20% since their year-to-date peak in April. Meanwhile, U.S. West Texas Intermediate crude futures also slid as much as 5.8% to $50.52 a barrel.
Read MoreBunting Rebrands
On Aug. 3, Bunting Magnetics Co. celebrated its 60th anniversary as a company. Since being founded in 1959, Bunting Magnetics Co. has grown from a small company in Chicago, to a growing global force with multiple locations in the United States as well as abroad. Bunting Magnetics Co. has acquired several different companies over the years, and in celebration of the 60th anniversary…
Read MoreAggregate Industry Market Report
In This Quarterly Report, Provided Exclusively For Rock Products, Capstone Headwaters Provides Insight Into Mergers & Acquisitions (M&A), Capital Markets Trends, Aggregates Production, And Pricing Through Q1 2019. By Darin Good and Brian Krehbiel
Read MoreSuperior Appoints Belterra as Quebec Distributor
Superior Industries, Inc., a U.S.-based manufacturer and global supplier of bulk material processing and handling systems, announces a new partnership with Canada’s largest distributor of conveyor belting, components and other bulk material handling solutions. Belterra, a 50-year-old distributor with 19 locations throughout the country, will stock, sell and service Superior’s conveyor idlers, pulleys, scrapers and accessories in Quebec. “We’re excited…
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