The estimated annual output of construction aggregates produced for consumption slightly decreased from 2.50 billion metric tons (Gt) in 2022 to 2.47 Gt in 2023, according to U.S. Geological Survey (USGS) Commodity Specialist Jason Willett.
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CRH Highlights Positive 2023 Results
CRH delivered a strong performance in 2023 supported by good underlying demand in key end-use markets, positive pricing and contributions from acquisitions. The company’s total revenues increased 7% to $34.9 billion from the prior year while organic revenues were up 3%.
Read MoreArcosa Reports Double-Digit Growth in 2023
Arcosa Inc, a provider of infrastructure-related products and solutions, announced results for the fourth quarter and full year ended Dec. 31, 2023. The company reported full-year free cash flow of $94 million, up 37%.
Read MoreVulcan Materials Caps Year With Powerful Performance
Vulcan Materials Co. announced results for the quarter and year ended Dec. 31, 2023, reporting total revenues of $1.83 billion in the fourth quarter versus $1.73 billion in the fourth quarter of 2022; and $7.78 billion for full-year 2023 versus $7.32 billion for full-year 2022.
Read MoreMartin Marietta Acquires BWI Southeast Assets
Martin Marietta announced that on Feb. 11, it entered into a definitive agreement to acquire 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee and Virginia from affiliates of Blue Water Industries LLC (BWI Southeast) for $2.05 billion in cash.
Read MorePermitting: New York
According to fingerlakes.com, the owner of the 14.3-acre Padua Ridge sand and gravel mine that abuts the Watkins Glen State Park and a Catholic cemetery in Schuyler County, N.Y., is proposing a 60.95-acre expansion, the state Department of Environmental Conservation disclosed. The DEC said it plans a pair of public hearings on the project in February. Mining at the site…
Read MoreSRM Materials Acquires Construction Aggregates Division of Coalson Excavation
SRM Materials has acquired the construction aggregates division of Coalson Excavation located in Hamilton, Texas. SRM Materials President Ryan Hollingshead stated, “We’re excited to welcome the Coalson team into the SRM family, and we look forward to producing and supplying aggregate to both Central Texas and parts of West Texas.” This acquisition marks SRM Materials’ second aggregate site in Texas…
Read MoreNew Home Sales Bounce Back in December on Lower Mortgage Rates
Falling interest rates in the closing weeks of 2023 helped to bring buyers off the sidelines and provide a boost for new home sales. Sales of newly built, single-family homes in December increased 8.0% to a 664,000 seasonally adjusted annual rate from an upwardly revised reading in November, according to newly released data by the U.S. Department of Housing and…
Read MorePermitting Update: New York
The owner of the 14.3-acre Padua Ridge sand and gravel mine that abuts the Watkins Glen State Park and a Catholic cemetery above the village is proposing 60.95-acre expansion, the state Department of Environmental Conservation disclosed Thursday. The DEC said it plans a pair of public hearings on the project in February. Mining at the site began in the 1970s.…
Read MoreNew Home Sales Down in November
Elevated mortgage rates acted as a drag on new home sales in November, but with the peak rate cycle apparently in the rear-view mirror, sales are expected to rise as we move into the new year. Sales of newly built, single-family homes in November fell 12.2% to a 590,000 seasonally adjusted annual rate, according to newly released data by the…
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