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…
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Martin 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.…
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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.…
Read MorePACA Names New Board of Directors
The Pennsylvania Aggregates and Concrete Association (PACA), Pennsylvania’s leading voice for the crushed stone, ready mixed concrete, sand and gravel, and cement industries, announced its new board of directors during the annual meeting and 40th anniversary commemoration. Jeff Detwiler, president, materials of New Enterprise Stone & Lime Co. Inc., was elected as chairman of the PACA board of directors. Jamie…
Read MorePACA Honors Individuals, Companies for Industry Achievements
The Pennsylvania Aggregates and Concrete Association (PACA), Pennsylvania’s leading voice for the crushed stone, ready mixed concrete, sand and gravel, and cement industries, recently inducted five outstanding members into its Ambassadors of the Industry Hall of Fame. This brings the Hall of Fame to well over 100 inductees since its start in 2000. The members of the 2022 Hall of…
Read MorePACA Holds Educational Sessions, Tour at Rohrer’s Quarry
The Pennsylvania Aggregates and Concrete Association (PACA), Pennsylvania’s leading voice for the crushed stone, ready mixed concrete, sand and gravel, and cement industries, offered educational sessions and a tour on Sept. 14 at PACA member Rohrer’s Quarry in Lititz. In addition to the quarry tour, attendees heard presentations about: Managing a Multi-Generational Workforce led by Rick Munson of Paramount Business…
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