CRH announced the acquisition of Dutra Materials in San Rafael, Calif. This acquisition expands CRH’s Americas Materials Solutions business and enhances its ability to provide integrated solutions to customers in northern California. Dutra Materials complements CRH’s Americas Materials Solutions business in the Western U.S., bringing additional strategic aggregate reserves and asphalt production capabilities to service the northern California construction market.…
Read MoreTag: ready mixed concrete
A No Landing?
You would have to be living under a rock not to see the tear the stock markets are on, and especially the construction materials subset of companies that supply aggregates, cement and ready mixed concrete; and that are all breaking through previous records to all-time highs. And jobs reports continue to be strong, and in a strange dichotomy, the consumer…
Read MoreNolan Named President at Sunrock
Sunrock Industries, a North Carolina aggregates, ready mixed concrete and asphalt producer with Ontario and Alberta, Canada, satellite operations, has named Mike Nolan as president. Nolan arrives with 20-plus years in construction materials management roles, primarily Lafarge North America, Lafarge Group and VCNA Prairie. During assignments in Illinois for the latter producer and on both sides of the Atlantic for…
Read MorePACA Inducts Chaplin, Martin to Hall of Fame
The Pennsylvania Aggregates and Concrete Association, Pennsylvania’s leading voice for the crushed stone, ready mixed concrete, sand and gravel, and cement industries, inducted two dedicated members into its Ambassadors of the Industry Hall of Fame. This brings the Hall of Fame to over 100 inductees since its start in 2000.The members of the 2023 Hall of Fame class are: Jerry…
Read MoreMartin Marietta Aggregates Shipments Decrease, Profits Up
Martin Marietta Materials Inc. released results for the third quarter ended Sept. 30. The Building Materials business generated record revenues of $1.9 billion, a 10.5% increase. Gross profit increased 38.4% to a record of $649.5 million.. Third-quarter aggregates shipments decreased 7.3%, as softer demand in certain Midwest and Southwest markets was partially offset by continued strength in key Southeast markets.…
Read MorePublicly Traded Companies
The Industry’s Publicly Traded Companies Provide An IndustryBarometer When they Release Their Quarterly Reports. Vulcan MaterialsVulcan Materials Co. announced results for the quarter ended June 30, reporting total revenues of $2.113 billion versus $1.954 billion in the second quarter of 2022; and a six-month total of $3.762 billion versus $3.495 billion for the same period in 2022. In the second…
Read MoreMartin Marietta to Sell Certain West Coast Cement Operations
Martin Marietta Materials, the nation’s number-two aggregates producer, has divested certain West Coast cement operations. The company has entered a definitive agreement to sell its Tehachapi, Calif., cement plant to Unacem Corp., which is the Peru-based parent company of Arizona’s Drake Cement. With a projected closing by year end, the $317 million cash deal will position Unacem with 1.7 million…
Read MoreMartin Marietta Reports Quarterly Records for Revenues, Profitability, Unit Margins
Martin Marietta Materials Inc. reported results for the second quarter ended June 30, including quarterly records for revenues, profitability and unit margins. The company achieved gross profit of $1.821 billion versus $1.642 billion in the second quarter of 2022. Second-quarter aggregates gross-profit-per-ton increased 27.9% to $6.80. The Building Materials business generated record quarterly revenues of $1.74 billion, an 11.6% increase. Gross profit…
Read MoreFIRST LOOK – July 2023
TOP NEWS GraniteGranite has received approval from the Utah Department of Air Quality (UDAQ) to begin the public comment period as part of Granite’s Parleys I-80 South Quarry small mine air permit application. During this rigorous application process, the application undergoes a comprehensive 30-day comment period, allowing the public to provide valuable input. U.S. Supreme Court The U.S. Supreme Court has…
Read MoreClosing the Loop
Heidelberg Materials North America Embraces Concrete Recycling As Part Of Its Comprehensive Sustainability Strategy. By Kristin Dispenza A shift toward a circular economy is underway. The emphasis of the circular model is on reusing materials, in contrast to the old linear model in which raw materials were extracted and products were made, only to become waste after a single application.…
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