CEMEX has reportedly reached a temporary deal to use Vulcan Materials Co.’s port facilities at Punta Venado in Playa del Carmen, Mexico, potentially defusing a legal battle that recently became a flashpoint for U.S.-Mexico relations. The companies are still working on a long-term agreement, according to CEMEX spokesman Jorge Perez. “Vulcan owns the four parcels of property that make up its…
Read MoreTag: vulcan materials
Vulcan Blasts Occupation of Mexican Port
March 21, 2023 – Vulcan Materials is not taking the illegal occupation of its port near Playa del Carmen in Mexico lightly. The company issued the following statement: “On Tuesday, March 14, 2023, CEMEX, aided by armed Mexican police and military, forcibly entered Vulcan’s port facilities near Playa del Carmen. They are still occupying the property. There is no contract…
Read MoreMexico Seizes Port Owned by Vulcan Materials
Vulcan Materials said that Mexican police and soldiers have illegally entered and seized a cargo port it operates on land it owns on Mexico’s Caribbean coast, according to the AP. The company said police forced their way into the Caribbean coast dock at Punta Venado, near Playa del Carmen, last week. “It should be clear that the rule of law is…
Read MoreAggregates Production: What Went Wrong?
March 6, 2023 – At the start of 2022, it was highly anticipated that aggregates production would rise to about 2.80 billion metric tons (Gt) for the year. Well, final numbers are in and the estimated annual output of construction aggregates produced for consumption in 2022 was 2.44 Gt, unchanged from that of 2021, according to Jason Christopher Willett, commodity…
Read MoreFIRST LOOK – March 2023
TOP NEWS Vulcan MaterialsVulcan Materials Co. announced results for the quarter and year ended Dec. 31, 2022. In the fourth quarter 2022, the company reported total revenues of $1.732 billion versus $1.606 billion in the fourth quarter of 2021. For full-year 2022, the company reported total revenues of $7.315 billion versus $5.552 billion for full-year 2021, more than a 30%…
Read MoreVulcan Materials Rolls to Strong Quarterly, Full-Year Results
Vulcan Materials Co. announced results for the quarter and year ended Dec. 31, 2022. In the fourth quarter 2022, the company reported total revenues of $1.732 billion versus $1.606 billion in the fourth quarter of 2021. For full-year 2022, the company reported total revenues of $7.315 billion versus $5.552 billion for full-year 2021, more than a 30% increase.
Read MoreVulcan’s Hill Sees Market Strength
Feb. 16, 2023 – In its just released quarterly report, Vulcan Materials reported total revenues of $7.315 billion versus $5.552 billion for full-year 2021, more than a 30% increase. Regarding the company’s outlook, Tom Hill, Vulcan Materials’ chairman and chief executive officer, said, “Most leading indicators of demand remain healthy in the near term, and we carry strong pricing momentum into 2023.…
Read MoreGCAA’s Moore to Retire, Cavotta Joins Staff
Linda Moore, membership manager and office director, will be retiring from the Georgia Construction Aggregate Association (GCAA) after a 35-year career. Moore has been the heart and soul of this association for many years and her presence, her smile and her knowledge will be missed, according to Jeff Wansley, executive director. “While we will miss Linda, we wish her all the best…
Read MoreMSHA Reports First Fatality of 2023
MSHA reported that on Jan. 4, a miner at Vulcan Materials’ Sevierville Quarry , Sevier, Tenn., was fatally injured while performing maintenance inside a jaw crusher. The pitman assembly (moving jaw) rotated, pinning the miner against the crusher housing.This is the first fatality reported in 2023, and the first classified as “Machinery.” MSHA recommends the following best practices to avoid…
Read MoreFirst Look – December 2022
TOP NEWS Martin Marietta MaterialsMartin Marietta Materials reported results for the third quarter ended Sept. 30, noting products and services revenues of $1.680 billion versus $1.463 billion over the same period last year, an increase of 14.9%. Building Materials generated record products and services revenues. Summit MaterialsSummit Materials Inc. announced results for the third quarter ended Oct. 1. Net Revenue…
Read More