Sources: Martin Marietta Materials Inc., Raleigh, N.C.; CP staff
Martin Marietta has named James A.J. Nickolas senior vice president and chief financial officer, effective mid-August. He succeeds the retiring Anne Lloyd, who will remain with the producer through September, capping a 12-year term as CFO.
Read MoreSources: Martin Marietta Materials, Raleigh, N.C.; Vulcan Materials Co., Birmingham, Ala.; CP staff
The two largest public companies in construction materials, Martin Marietta and Vulcan, cite 2016 sales gains of 9.5 percent and 5 percent, respectively, against prior year figures, despite only minor shipment increases in their core product, aggregate. In a year that brought each record sales and stock valuations, the producers realized the effects of regional market gains or lapses on their aggregate, ready mixed concrete, cement and asphalt production portfolios:
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Martin Marietta Materials is the first producer member to use National Ready Mixed Concrete Association’s new system level Environmental Product Declaration (EPD) verification program, oriented to transparency credits in LEED v4 and other green building standards. The program meets strict international standards but streamlines EPD verification: Rather than a fixed set of product-specific EPD, it verifies the software used to generate a concrete mix’s environmental impacts. Hence, producers can tender new product-specific EPD as needed for each project.
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Ahead of his re-election on November 8, Georgia Ready Mixed Concrete Association (GRMCA) hosted Representative Rob Woodall (R-GA-7) at the Martin Marietta quarry in Augusta. The visit was a stop on a statewide transportation speaking tour, and the third meeting between Rep. Woodall and GRMCA members.
Read MoreSources: National Ready Mixed Concrete Association, Silver Spring, Md.; CP staff
Martin Marietta Materials is the first producer member to use NRMCA’s new system level Environmental Product Declaration (EPD) verification program, oriented to transparency credits in LEED v4 and other green building standards. The program meets strict international standards, but streamlines EPD verification: Rather than a fixed set of product-specific EPD, it verifies the software used to generate a concrete mix’s environmental impacts. Hence, producers can tender new product-specific EPD as needed for each project.
Read MoreSources: Martin Marietta Materials Inc., Raleigh, N.C.; CP staff
Former Union Pacific Corp. Chairman and CEO Jack Koraleski was elected to the 10-member Martin Marietta board on August 15, joining Republic Services President and CEO Don Slager, who was appointed during the producer’s late-May annual general shareholders meeting. They succeed Frank Menaker Jr. and Richard Vinroot who, after 23 and 20 years on the board, respectively, were not eligible for election due to their reaching mandatory retirement age.
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Summit Materials Inc., Denver, has acquired Sierra Ready Mix, LLC, which serves the Las Vegas market from one sand & gravel pit and two concrete plants. The deal brings the suitor’s largest integrated materials and road-building business, Kilgore Companies, into a fourth state, Nevada, alongside Utah, Idaho and Wyoming.
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The National Ready Mixed Concrete Association’s 20th Ready Mixed Concrete Driver of the Year program recognizes four industry veterans from a pool of outstanding nominees across the country. The NRMCA Operations, Environmental and Safety Committee assembled a panel of judges to weigh candidates’ competence, driving skills, number of years without an on- or off-road accident, and colleague or customer testimonials.
Read MoreSources: CP staff; Martin Marietta Materials, Raleigh, N.C.; Vulcan Materials Co., Birmingham, Ala.
In the wake of solid first quarter earnings and bullish shipment and pricing outlook for the remainder of 2016, Martin Marietta and Vulcan Materials saw their New York Stock Exchange-traded shares close the first week of May approaching record highs.
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Vulcan Materials Co., Birmingham, Ala., has elevated two senior vice presidents to new posts: Stan Bass, SVP West, overseeing Western and Mountain West Divisions, to chief growth officer, responsible for leading business development, commercial excellence, and strategic growth initiatives; and, Michael Mills, SVP & general counsel, to chief administrative officer, charged with executive oversight of non-financial, administrative functions. Also, Brock Lodge has been promoted from Western Division vice president and general manager to president, and Jerry Perkins, from assistant general counsel to general counsel, maintaining the corporate secretary post.
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