GCAA Holds Environmental Committee Summit

On May 29, CRH/Midsouth Aggregates hosted the Georgia Construction Aggregate Association (GCAA) Environmental Committee Summit at its U.S. headquarters in Dunwoody, Ga. The group engaged in a roundtable dialogue including federal and state updates.  Emily Coyner, National Stone, Sand & Gravel Association (NSSGA) policy director gave an update on federal issues that are being addressed by NSSGA. Katie Gregory, KBNC Strategies and GCAA…

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First Look – June 2024

TOP NEWS Summit MaterialsSummit Materials, Inc. announced results for the first quarter ended March 30. Net revenue increased $366.0 million, or 89.9% in the first quarter to $773.2 million, including the partial quarter impact of the Argos USA assets. In the quarter, $378.5 million of revenue was recognized from recent acquisitions which more than offset a decrease of $21.7 million…

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Vulcan Materials Dispels False Accusations by Mexican Government

In 2022, the Mexican government ordered a halt to limestone quarrying at Vulcan Materials’ mining unit in Quintana Roo, alleging environmental damages. Vulcan Materials said it rejects the “illegal expropriation” of its investments in Mexico but remains open to a negotiated solution with the Mexican government. Mexican President Lopez Obrador said last week that the site had not been expropriated,…

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Bill Would Protect U.S. Corporate Interests Abroad

Congressman August Pfluger (R-Texas) introduced the Defending American Property Abroad Act, a crucial piece of legislation aimed at protecting American companies operating abroad, particularly in the Western Hemisphere. The need for this legislation has been underscored by recent actions taken by the Mexican government, which threaten the property rights of American companies, a news release said. For example, President Andrés…

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Planting Mustard Seeds

Earlier this year, Jessica Palmer, executive director of the South Carolina Aggregates Association, shared an association LinkedIn post, simply titling it “Mustard Seeds.” The post highlights the importance of engaging the next generation and exposing them to the opportunities that exist in the trades. It noted that “change starts with us, and often times, making the greatest impact is as…

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The Record-Breaking Aggregates Industry

The publicly traded companies are out with their full-year 2023 financial reports and by all accounts it was a record-breaking year. The list goes on. While vibrant market conditions continue to drive performance for aggregates operations, there is no discounting the impact of the healthy price increases that companies are also reporting. Rock Products’ pricing guru, Barry Hudson of Price…

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First Look – March 2024

FIRST LOOK TOP NEWSVulcan MaterialsVulcan Materials Co. announced results for the quarter and year ended Dec. 31, 2023, reporting total revenues of $1.83 billion in the fourth quarter versus $1.73 billion in the fourth quarter of 2022; and $7.78 billion for full-year 2023 versus $7.32 billion for full-year 2022. Summit MaterialsSummit Materials Inc. announced results for the fourth quarter and…

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