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…
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First 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 MoreVulcan Notes Acquisitions, Looks Ahead to 2023
Vulcan Materials, during its third-quarter conference call, noted that during the quarter, it acquired strategic aggregates and downstream assets to complement its position in Northern California. Additionally, the company acquired a quarry in Honduras “from which we have been distributing materials to certain Gulf Coast markets since 2019,” the company stated. Regarding the company’s outlook for 2022, Tom Hill, Vulcan…
Read MoreGCAA Courts Technical Colleges
“The aggregate industry in Georgia is searching for ways to promote our industry as well as help our members fill voids in workforce shortage,” said the Georgia Construction Aggregate Association (GCAA). A small group of producer members was formed in the spring to help tackle this important issue. GCAA and producer members have started a dialogue with the Georgia Technical…
Read MoreBelize Reportedly Says No Mining
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…
Read MoreAggregates 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
TOP NEWS MSHA Assistant Secretary Tours First Aggregates QuarryThe National Stone, Sand & Gravel Association (NSSGA) organized a day-long tour for the Mine Safety & Health Administration’s (MSHA) Assistant Secretary Chris Williamson along with seven other Department of Labor/MSHA staff at Luck Stone’s Bull Run facility in Virginia. Holcim Acquires Virginia Aggregates ProducerHolcim US announced it has acquired the sand…
Read MoreVulcan’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…
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