Vulcan Materials Co. announced the following leadership changes, effective immediately. Thompson S. (Tom) Baker II (65), previously Vulcan’s chief operating officer, has been appointed to the position of president. In this role, Baker will continue to lead enterprise-wide strategic initiatives and support and advise the company’s senior leadership Team. Baker will continue to report to Tom Hill, chairman and CEO.…
Read MoreTag: Construction materials
Chaney to Open First Sand and Gravel Location in North Carolina
Chaney Enterprises announced it will open a new sand and gravel location in Grifton, N.C. This new aggregate location will align with Chaney’s strategic initiatives concerning construction materials supply throughout the East Coast, the company stated.
Read MoreH&K Holds Job Fair to Fill Key Positions, Meet Challenges of Expanded Workload
In direct response to expanding project workload in its Northeast Pennsylvania operating region, H&K Group Inc. (H&K) reported that it held an extremely successful, multi-divisional Job Fair on Saturday, Aug. 5.
Read MoreConstruction Materials Groups Embrace IIJA Buy America Clarification, Exclusions
Materials anchoring the supply chain behind Infrastructure Investment and Jobs Act (IIJA)-funded building or nonbuilding construction projects have explicit exclusions to White House Office of Management and Budget (OMB)-issued Build America, Buy America (BABA) sourcing requirements.
Read MoreKnife River Reports its First Results as a Stand-Alone Company
Knife River Corp., an aggregates-led, vertically integrated construction materials and contracting services company, announced financial results for the second quarter ended June 30. Knife River reported second quarter consolidated revenue of $785.2 million, a 10% increase from the prior-year period, led by strong results in each region and more than 10% price increases across all consolidated product lines. “I am…
Read MoreGranite’s Materials Revenue, Profit Increase in Second Quarter
Granite Construction announced results for the quarter ended June 30, reporting a net loss of $17 million, or $(0.39) per diluted share, compared to net income of $19 million, or $0.39 per diluted share, for the same period in the prior year. Net loss in the quarter was primarily attributable to a $51 million non-cash charge related to the refinancing…
Read MoreNews from California, Illinois and Colorado
According to the California Construction and Industrial Minerals Association, the Assembly and State Senate both held hearings on the governor’s proposed reforms to reduce permitting delays for infrastructure projects. Testimony from the state agencies for infrastructure, transportation and natural resources, as well as labor organizations, builders and federal agencies made clear that $180 billion worth of housing, energy and transportation infrastructure projects…
Read MoreThe Promise of Artificial Intelligence
It was sometime in the late 1970s, but I remember the conversation, even the restaurant, very well. I was in my late 20s, and one of my friends who had migrated to New York after college and found a solid footing in Wall Street investment banking was back in his hometown of New Orleans, where several of our old friends…
Read MoreCDE Commissions Its Largest C&D Waste Plant
Later this year, washing experts CDE, in partnership with concrete, asphalt and aggregate recycling firm Calgary Aggregate Recycling Inc. (CAR), will host an open house event to showcase the company’s largest construction and demolition (C&D) waste recycling plant in Canada. Recently commissioned at CAR’s recycling facility in south east Calgary, the new 250 tph washing solution, designed and engineered by…
Read MoreThe Pulse (Third Quarter 2023 Edition)
By Allen-Villere Partners The Pulse and the AVP Pulse Index, are joint projects between mergers-and-acquisition advisors Allen-Villere Partners, and Rock Products. The Pulse appears quarterly in Rock Products, and the AVP Pulse Index appears monthly Almost all the publicly traded companies in the Construction Materials space are trading at or near their 52-week high, indicating an overwhelmingly positive outlook among investors for…
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