Sources: Knife River Corp., Bismarck, N.D.; CP staff Knife River shareholders have elected Thomas W. Hill, retired Summit Materials Inc. chief executive officer and longtime head of (pre-CRH Americas) Oldcastle Materials, as director for a three-year term. He serves on the Compensation plus Nominating and Governance committees, and fills the seat of Tom Everist, who was director since Knife River’s…
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Wall Street awaits Holcim US, Lafarge Canada spin off from Swiss parent
With an eye to unlocking North American asset value, Holcim Ltd. plans a 2025 spin off of its namesake US and Building Envelope plus Lafarge Canada Inc. operations, the new entity likely listed on the New York Stock Exchange. Across 850-plus sites and a payroll north of 16,000, the three businesses hold top five U.S. and Canadian market positions in…
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Workforce safety, input and growth potential carry the day at new Knife River Prestress Division flagship BY DON MARSH A new high-bay structure a stone’s throw from the Washington-Idaho border is poised to emerge this decade as the most productive precast, prestressed concrete facility on the West Coast. With nearly 200,000 square feet under roof on a 45-acre site, the…
Read MoreOregon State team tops PCI Big Beam with Knife River Prestress assist
A three-member Oregon State University team took the Precast/Prestressed Concrete Institute’s 2023 Engineering Design Competition. Also known as Big Beam, it challenges college or university engineering students to design, build and test a 20-ft. precast, prestressed beam. Teams participate with oversight from a faculty advisor and local or regional PCI producer member—Knife River Prestress in Oregon State’s case. Students are…
Read MoreKnife River Prestress assists PCI Big Beam top gun Oregon State
Source: Precast/Prestressed Concrete Institute, Chicago; CP staff A three-member Oregon State University team took the Precast/Prestressed Concrete Institute 2023 Engineering Design Competition. Also known as Big Beam, it challenges college or university engineering students to design, build and test a 20-ft. precast, prestressed beam. Teams progress with oversight from a faculty advisor and local or regional PCI producer member—Knife River…
Read MoreUSGS releases crushed stone, sand & gravel producer rankings
Nine publicly traded and four privately held companies populate the upper ranks of U.S. Geological Survey Mineral Commodity Specialist Jason Willett’s new “Top 100 Crushed Stone” and “Top 100 Sand & Gravel” producer surveys. Based on his analysis of 2021 shipments, here in descending order are the top players in each category: Public companies based in North America are Cemex,…
Read MoreKNF rings in post-MDU era to New York Stock Exchange cheers
“Our team is well-established and prepared to be on our own as a pure-play construction materials and contracting services company,” said CEO Brian Gray, speaking on behalf of nearly 6,000 Knife River aggregate, concrete, asphalt and construction professionals. “We are focused on building America’s infrastructure and delivering long-term value for our shareholders.” “Completing the spinoff of Knife River brings us…
Read MoreCrushed stone, sand & gravel top guns maintain grip in USGS rankings
Sources: U.S. Geological Survey; Rock Products, CP staff Nine publicly traded and four privately held companies populate the upper ranks of U.S. Geological Survey Mineral Commodity Specialist Jason Willett’s new “Top 100 Crushed Stone” and “Top 100 Sand & Gravel” producer surveys. Based on his analysis of 2021 shipments, here in descending order are the top players in each category: …
Read MoreMDU Resources to close May with Knife River business separation
Source: MDU Resources Group Inc., Bismarck, N.D. The MDU Resources board has scheduled a May 31 distribution of Knife River Holding Co. shares, finalizing a 10-month spinoff process of the concrete, aggregate, cement distribution and construction business from the utilities operator flagship. MDU Resources and Knife River will be independent, New York Stock Exchange-traded companies with distinct investment identities, business…
Read MoreKnife River closes on the assets of Wyoming’s McMurry Ready-Mix
Sources: MDU Resources Group, Bismarck, N.D.; CP staff Knife River Corp. has expanded its Intermountain Region footprint by acquiring the assets of McMurry Ready-Mix Co., a concrete and aggregates supplier based in Casper, Wyo. A McMurry concrete plant on the city’s west side will serve as a satellite to a Knife River ready mixed site on the east side. With…
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