Martin Marietta Update

May 3, 2022 – Martin Marietta Materials consolidated revenues crossed the billion-dollar mark in the first quarter of this year, according to its just-released report. Now that is a great start to the year, increased costs notwithstanding. The company also reiterated these “portfolio optimization” efforts that were recently reported. On March 1, the company announced a definitive agreement to sell its Redding…

Read More

Summit Materials Completes Cement Plant, Distribution Deal

Construction materials producer Summit Materials Inc. has completed its previously announced acquisition of a 1.2 million short ton capacity cement plant in Davenport, Iowa, along with seven cement distribution terminals from Lafarge North America Inc., for a purchase price of $450 million in cash, plus an exchange of Summit’s Bettendorf, Iowa cement distribution terminal.

Read More

Lafarge Will Fund Green Projects

Under an agreement with U.S Environmental Protection Agency, the U.S. Department of Justice and New York State, Lafarge North America Inc. has agreed to fund $1.5 million in projects to reduce air pollution in the community surrounding its Ravena, N.Y., cement plant. The agreement also provides Lafarge additional time to reduce air pollution from the cement plant. A March 2010…

Read More