Sept. 13, 2022 – The Belize government will not allow Vulcan Materials to mine near a coastal village due to environmental concerns, following reports of land purchases by the company, according to an article on BNAmericas. Sustainable development minister Orlando Habet said officials from Prime Minister John Briceño’s government made a decision that no surface mining will be permitted near Gales Point Manatee…
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Aggregates Industry Market Report
In This Quarterly Report, Provided Exclusively to Rock Products, Capstone Partners Offers Insight Into Merger and Acquisition Activity, Capital Markets Trends, Aggregate Production and Pricing. By Darin Good, Brian Krehbiel and Crista Gilmore The Aggregates sector has continued to benefit from robust construction demand, despite persistent supply chain disruptions and rising inflation. The merger and acquisition (M&A) market has remained…
Read MoreFirst Look – September 2022
Vulcan’s Hill Look Ahead
Aug. 4. 2022 – In its just-released second-quarter report Vulcan Materials’ Chairman and Chief Executive Officer Tom Hill looked into his crystal ball, noting, “We are updating our full-year Adjusted EBITDA guidance range to reflect the considerable pricing momentum in our aggregates business as well as higher than expected energy-related cost inflation that is currently impacting each of our segments. Additionally, our…
Read MoreVulcan’s Aggregates Segment Drives Second Quarter Growth
Vulcan Materials Co. announced results for the quarter ended June 30. Total revenues increased sharply from the prior year driven by double-digit growth in the company’s legacy business as well as the addition of U.S. Concrete operations.
Read MoreIllinois Strike Ends With Agreement
International Union of Operating Engineers Local 150 members reached a tentative agreement with the Chicago Area Aggregate Producers Association. The agreement ends a strike that began June 7 at 35 Chicago-area facilities owned by Lehigh Hanson, Vulcan Materials Co. and Holcim. The employers made what they described as a final offer on July 15, but union representatives said it was…
Read MoreGCAA Midyear Meeting a Success
The Georgia Construction Aggregate Association (GCAA) Annual Midyear Meeting was a great success, according to Executive Director Jeff Wansley. The meeting was held on June 23-26 at the Ponte Vedra Inn & Club in Ponte Vedra Beach, Fla. More than 220 attended the event, including producer and associate members and their families.
Read MoreVulcan Adds Kennard to Board
Vulcan Materials Co. announced the election of Lydia H. Kennard to its board of directors, effective immediately. Kennard will serve on the Audit and Safety, Health, and Environmental Affairs committees of the board.
Read MoreJust …. No!
If I had any hair to tear out, this month I would be tearing my hair out while yelling, “Just … No!” First, the U.S. Department of Labor’s Mine Safety and Health Administration (MSHA) has launched a new enforcement initiative to “better protect the nation’s miners from health hazards resulting from repeated overexposure to respirable crystalline silica.” MSHA said that…
Read MoreStriking Out in Illinois
June 20, 2022 – Strikes are bad for business. A strike among construction equipment operators that began last week against three companies that operate 35 quarries throughout Illinois is affecting roadwork in Westchester, Ill., according to the Village Free Press. Local 150 of the International Union of Operating Engineers went on strike on June 7. The union called the strike against…
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