The Chemours Company, a global chemistry company with leading market positions in titanium technologies, thermal and specialized solutions, and advanced performance materials, invited key community stakeholders and legislators to a ribbon cutting event on Oct. 14 to officially recognize the startup of its newest mineral sand mine, Trail Ridge South. The new mining operation represents a $93 million investment that will create approximately 50…
Read MoreDay: October 27, 2022
New Home Sales Fall Back in September
Rising mortgage rates approaching 7% along with declining builder sentiment stemming from stubbornly high construction costs and weakening consumer demand pushed new-home sales down at a double-digit rate in September. Following a brief uptick in August, sales of newly built, single-family homes in September fell 10.9% to a 603,000 seasonally adjusted annual rate, according to newly released data by the…
Read MoreCEMEX U.S. Operations Up 19% in Third Quarter
CEMEX, S.A.B. de C.V. announced continued solid top-line growth, with third-quarter net sales growing 13%. Pricing was the main driver with cement, ready-mix and aggregates, increasing double digits. EBITDA and EBITDA margin continued to be impacted by persistent inflationary headwinds that outpaced the company’s pricing efforts. Third quarter highlights include: Net sales increased 13% to $3,956 million. Operating EBITDA decreased…
Read MoreGCAA Courts Technical Colleges
“The aggregate industry in Georgia is searching for ways to promote our industry as well as help our members fill voids in workforce shortage,” said the Georgia Construction Aggregate Association (GCAA). A small group of producer members was formed in the spring to help tackle this important issue. GCAA and producer members have started a dialogue with the Georgia Technical…
Read MoreUnited States Lime & Minerals’ Third-Quarter Revenues Up 27%
United States Lime & Minerals Inc. reported third quarter 2022 results. The company’s revenues in the third quarter 2022 were $66.5 million, compared to $52.3 million in the third quarter 2021, an increase of $14.1 million, or 27.0%. For the first nine months 2022, company revenues were $177.9 million, compared to $143.1 million in the first nine months 2021, an…
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