Speakers at the 67th annual Texas Aggregates & Concrete Association meeting, staged last month in San Antonio, offered 450-plus attendees a sampling of production, economic and demographic data well worth the price of admission.
Read MoreTag: Martin Marietta Materials
Martin Marietta charts Pacific course in Lehigh Hanson West deal
Flush in investor confidence and financial leverage fueled by a stock price in record territory, Martin Marietta Materials will significantly boost its West Coast presence in a $2.3 billion cash deal for the bulk of Lehigh Hanson West Region operations in Arizona, California, Nevada and Oregon. Anchoring the asset package are the Lehigh Cement Redding and Tehachapi, Calif. plants, with…
Read MoreNRMCA – Commitment to Environmental Excellence Awards
The National Ready Mixed Concrete Association honors 11 plants and their owners in the 2020 Environmental Excellence Awards program. Now in its 25th year, the competition offers NRMCA producer members national recognition for outstanding contributions to protecting the environment and maintaining sound management practices in their operations. The awards salute operators that have not only met, but surpassed governmental compliance…
Read MorePRODUCERS – MARCH 2020
Eagle Materials Inc. directors have taken a key step toward mid-year separation of cement- and gypsum wallboard-centered Heavy and Light Materials businesses into independent, New York Stock Exchange-traded companies, both Dallas based. Leading the Heavy Materials namesake will be current Chairman Mike Nicolais and President and Chief Executive Officer Michael Haack. Leading the Light Materials business, operating as American Gypsum Company, will be Chairman Dave Powers, former Eagle Materials CEO and current director, and President and CEO Craig Kesler, current chief financial officer.
Read MoreMANUFACTURERS – MAY 2019
Charah Solutions, Inc., Kentucky-based fly ash processor and marketer, received two safety North Carolina Department of Labor awards last month for an outstanding record of employee safety in 2018—the eighth consecutive year the company garnered such recognition from the agency. The awards reflect Charah Solutions’ safety record at a structural fill project, Brickhaven Mine in Chatham County, and material management at Duke Energy’s Cliffside Steam Station in Shelby. Both sites received a Gold-level Certificate of Safety Achievement, the state’s highest safety award. The Gold Award is based on a days away, restricted or transferred (DART) rate that is at least 50 percent below the statewide benchmark for the industry. North Carolina Commissioner of Labor Cherie Berry presented the awards.
Read MorePRODUCERS – MAY 2019
With 30-plus ready mixed plants in Mississippi, Alabama, Louisiana and Tennessee, Jackson, Miss.-based Delta Industries has outlined a transition plan for retiring President and Chief Executive Officer Dave Robison, naming as his successor Executive Vice President and Chief Operating Officer J. Thomas Evans, Jr. Robison has been with Delta for 47 years, 25 at the helm, and chaired the National Ready Mixed Concrete Association in 2012. Evans has held his present roles for 25 years as well; his responsibilities are being split with the appointment of Lance Bonner as executive vice president and chief financial officer, and Lester Howell as senior vice president and chief operating officer.
Read MorePCA honors executives’ business, government affairs and market development work
The Portland Cement Association has announced 2016 Gleason Awards recipients. Named for longtime staff president, John P. Gleason, Jr., the award honor members who have exhibited industry leadership by advancing key PCA programs and initiatives. By category, winners and finalists are:
Read MorePRODUCERS – NOVEMBER 2015
Ronnie Pruitt has joined U.S. Concrete Inc. as senior vice president and chief operating officer, a new position charged with direct oversight of ready mixed, aggregate and ancillary operations in New York and New Jersey, Texas and Oklahoma, and California. His 20-plus years’ industry experience was gained primarily at Dallas-based Texas Industries Inc., where he served as vice president of Cement Production and vice president of Sales & Marketing, Cement and Aggregates Divisions. Following the mid-2014 TXI–Martin Marietta Materials merger, Pruitt was named vice president of Cement Sales.
Read MoreTXI Assets CalPortland-Bound
A $420 million asset deal with Martin Marietta Materials Inc., anchored by the former TXI Oro Grande plant and scheduled for third quarter closing, will enable Glendora, Calif.-based CalPortland Co. to replace capacity from its idled Colton mill—about 35 miles south—and strengthen a home state, integrated cement and concrete platform. Coupled with Stockton and San Diego terminals, the plant will contribute to what CalPortland parent Taiheiyo Cement Corp. reports is “a steady improvement in sales volume and profit in [the] Group’s U.S. operations.”
Read MoreHistoric weather impacts can’t stop Martin Marietta, Vulcan financial trajectories
Sources: Martin Marietta Materials, Raleigh, N.C.; Vulcan Materials Co., Birmingham, Ala.; CP
With stakes in some of the strongest cement, concrete and aggregate markets, two of the industry’s top bellwether operators kicked off August with parallel messages to investors: Even with the negative effect of heavy spring rains on shipments, especially in Texas, first half sales and profits climbed when compared to the first six months of 2014. Upbeat second quarter 2015 earnings reports, plus solid sales, pricing and profit projections, sent Martin Marietta Materials stock toward an all-time high, $170/share, and Vulcan Materials stock to an eight-year high, hovering $96/share.