Renewable Lubricants introduced patented Bio-Fleet Rock Drill 40, an ultimately biodegradable lubricant for the protection of rock drills, jackhammers, and other pneumatic equipment. With a higher viscosity index, it better protects hot equipment. Unlike petroleum-based products this unique ISO 40 weight formula will not pollute the air, water, soil or work environment should a spill or leak occur. It is…
Read MoreYear: 2023
Chinese Heavy Machinery: Friendly Competition or Threat to the U.S. Market?
By Samir Shah China is the world’s manufacturing giant – that’s a fact, but that hasn’t stopped its interest in America. Although Chinese construction companies first arrived in the U.S. market in the 1980s, recently, Chinese companies such as XCMG, Sany and Zoomlion have started investing heavily in the U.S. market due to its vast consumer market and robust economy. …
Read MoreThe Burgeoning Field of Private Credit
New financing instruments have been invented since the time of the Phoenicians and the Médicis. The modern corporation was developed by English and Dutch trading companies in the 1600s, and some believe the genesis goes back as far as the 1300s in France. With that modern concept of multiple owners of a single entity, it drove the early advent of…
Read MoreA Look to the Horizon
In keeping with global efforts to address the adverse impact of climate change, the Buy Clean, Carbon Neutrality, LEED v4 and Net Zero movements have evolved with dizzying speed. This is a good place to note that Rock Products’ web portal “Construction Materials Carbon Management,” has become a go-to resource for information about these fast-growing efforts. While the cement industry…
Read MoreFirst Look – November 2023
TOP NEWS Armada Materials Formed; Acquires VolunteerArmada Materials LLC has been formed to build a leading infrastructure materials and services business through strategic acquisitions. The company was founded by Rob Duke, who will serve as CEO of Armada, along with a group of investors including several industry veterans, and Kelso & Company, L.P., a middle-market buyout private equity firm founded…
Read MoreMontabert Hosts Demo Days
Montabert USA recently hosted two Demo Days events in Hatfield, Pa., and South Plainfield, N.J., respectively. Over the two days, 25 construction, demolition and excavating contractors came together with factory representatives and dealers to view Montabert and Lehnhoff attachments and couplers in action. Specifically, attendees experienced demonstrations of the following products during the event: • Lehnhoff SQ80V fully automatic symmetric…
Read MoreEagle Materials Achieves Record Revenue in Second Quarter
Eagle Materials Inc. reported financial results for the second quarter of fiscal 2024 ended Sept. 30, including record revenue of $622.2 million, up 3% and record net earnings of $150.6 million, up 8% Revenue in the Heavy Materials sector, which includes Cement, Concrete and Aggregates, Joint Venture and intersegment Cement revenue, was $426.9 million, a 10% increase. Heavy Materials operating…
Read MoreVulcan Revenues Tick Higher in Third Quarter
Vulcan Materials announced results for the third quarter ended Sept. 30, reporting total revenues of $2.186 billion versus $2.088 billion during the same period in 2022.
Read MoreSingle-Family Starts Post Unexpected Gain in September
Despite elevated mortgage rates averaging above 7%, single-family starts posted a solid gain in September as more buyers are turning to new homes because of a dearth of inventory in the resale market. Overall housing starts increased 7% in September to a seasonally adjusted annual rate of 1.36 million units, according to a report from the U.S. Department of Housing…
Read MoreSummit Materials Mystery Bidder Revealed
Oct. 25, 2023 – According to Bloomberg, Heidelberg Materials is the mystery bidder that Summit Materials referenced in a recent proxy filing. The company said it had rejected two takeover proposals from an unnamed suitor with the latest made on Oct. 18 for $38 per share. Bloomberg’s sources said Heidelberg has been working with advisers on its pursuit of Summit and made approaches…
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