Summit Materials Inc. has entered into a definitive agreement with Cementos Argos S.A. under which Summit will combine with Argos North America Corp., the U.S. operations of Cementos Argos, in a cash and stock transaction valued at $3.2 billion . Argos USA is among the largest cement producers by total installed capacity in its areas of operations, which include the…
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Publicly 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 MoreMSHA Continues Impact Inspections
The U.S. Department of Labor announced that its Mine Safety and Health Administration (MSHA) completed impact inspections at 20 mines in 15 states in April 2023 and found 335 violations. Since Jan. 1, 2023, MSHA’s inspections identified 914 violations, including 257 significant and substantial and 18 unwarrantable failure findings. A significant and substantial violation is one reasonably likely to cause…
Read MoreMSHA Reports 21st Fatality of 2023
MSHA reported that on June 1, a customer truck driver at Summit Materials’ Hockley Plant, Harris, Texas, died when he was struck by a component of his truck’s air bag height/ride suspension system while performing maintenance. This is the 21st fatality reported in 2023, and the seventh classified as “Machinery.” MSHA recommends the following best practices to avoid this type…
Read MorePricing is the New Black
It Is Time To Discuss A Critical And Yet Underestimated Part Of Price Management – The Quotation. By Julia Georgi With Vulcan Materials Co., Martin Marietta Materials, Summit Materials and Heidelberg Materials reporting record price increases in the first quarter of 2023, price and revenue management is finally becoming mainstream in our industry. Those remarkable success stories of publicly traded…
Read MoreBuildex Banks on Wobbler Feeder, Roll Crushers
New Equipment Has Improved Efficiency But Also Yield At Its Dearborn, Mo., Plant. by Mark S. Kuhar Buildex, a Midwestern United States producer of expanded shale lightweight aggregate, has been producing its Haydite lightweight aggregate for more than 70 years. Buildex is a Hamm Inc. company, a division of Summit Materials. With a focus on quality, consistency and service to…
Read MoreThe Price is Right
One of the key storylines in the aggregates industry over the past 12 months is the price of aggregates. Like almost every other construction material out there, the price of aggregates has gone up in keeping with the same inflationary pressures felt by other industries. This is very apparent in the recently released first-quarter reports of the industry’s publicly traded…
Read MoreFirst Look – June 2023
MSHA Impact Inspections Target 20 Mines in 15 States
The U.S. Department of Labor announced that its Mine Safety and Health Administration (MSHA) completed impact inspections at 20 mines in 15 states in April 2023 and found 335 violations. Since Jan. 1, 2023, MSHA’s inspections identified 914 violations, including 257 significant and substantial and 18 unwarrantable failure findings. An S&S violation is one reasonably likely to cause a reasonably…
Read MoreGCAA Announces New Committee Chairs
The Georgia Construction Aggregate Association (GCAA) named two new committee chairs. Aaron Himes, Summit Materials, will serve as chairman of the Safety Committee. Eric Griffith, Luck Stone, was named chairman of the Workshop/Expo Committee. Himes is the East Region safety director for Summit Materials, Boxley, Va.; Georgia Stone Products (Georgia and Florida); and American Materials Co. (North and South Carolina);…
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