Sources: CP staff; Holcim Ltd., Zug, Switzerland The Holcim Ltd. announcement of a plan to spin off its U.S. and Canadian operations into a separate, publicly traded entity coincides with investor interest in construction materials production assets at its highest level in generations. A business encompassing Holcim North America holdings is poised to emerge on the heels of record or near-record valuations…
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KNF 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 MoreMDU Resources Board sets 2023 Knife River Corp. spin off
Sources: MDU Resources Group, Bismarck, N.D.; CP staff MDU Directors have unanimously approved a plan to separate the Knife River Corp. construction materials business from the namesake power utility and related construction services flagship, both maintaining North Dakota headquarters. Knife River has 1 billion-plus tons of aggregate reserves, 110 ready mixed concrete and 50 asphalt plants, plus 410,000 tons of…
Read MoreCement, concrete producers stay in front of proposed climate rule
Environmental Protection Agency reporting measures and market mechanisms like the U.S. Green Building Council LEED rating system could position publicly traded portland cement, concrete and aggregate producers for seamless compliance with a proposed U.S. Securities and Exchange Commission rule on greenhouse gas (GHG) emissions and global warming risk disclosures. The subject of a public comment period closing this month, the…
Read MoreCement, concrete producers outpace SEC rule requirements
Sources: U.S. Securities and Exchange Commission; CP staff Environmental Protection Agency reporting measures and market mechanisms like the U.S. Green Building Council LEED rating system could position publicly traded portland cement and concrete producers for seamless compliance with a proposed Securities and Exchange Commission rule on greenhouse gas (GHG) emissions and global warming risk disclosures. Dubbed “Enhancement and Standardization of…
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…
Read MoreWashington prestressed plant ranks on Knife River capex commitments
Sources: MDU Resources Group Inc., Bismarck, N.D.; CP staff Under parent MDU Resources’ five-year, $3 billion capital investment plan, Knife River Corp. has budgeted for construction of a Spokane, Wash. prestressed concrete plant and Albany, Ore. employee training center, plus development of the Honey Creek Quarry in Burnet County, Texas.
Read MoreViesko Redi-Mix joins Knife River Northwest portfolio
Sources: MDU Resources Group, Inc., Bismarck, N.D.; CP staff
MDU subsidiary Knife River Corp. has acquired Oregon’s Viesko Redi-Mix, Inc., which operates Wheatland (headquarters), McMinnville and Woodburn ready mixed plants plus an aggregate site in Keizer. The acquisition complements Knife River’s existing Oregon operations and provides expansion into the growing north Willamette Valley and Portland metro markets. Viesko RM’s 60 team members join the Knife River Northwest Region, which last year added the operations of Molalla Redi-Mix and Rock Products Inc. and Teevin & Fischer Quarry LLC.
Read MorePRODUCERS – NOVEMBER 2018
Knife River adds South Dakota’s Sweetman/Concrete Materials
Sources: MDU Resources Group Inc., Bismarck, N.D.; CP staff
MDU Resources has closed on Sweetman Const. Co., an integrated ready mixed, aggregates and asphalt producer serving the Sioux Falls, S.D., market and operating as Concrete Materials Co. The company and its 260 employees join the North Central Region—Dakotas, Iowa, Minnesota, Nebraska—of MDU’s Knife River Corp. construction materials subsidiary.
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