Eagle directors take page from TXI, Trinity, Grace, Heidelberg

Pointed exchanges between Eagle Materials management and a major shareholder culminated late last month with a proposed split of the Dallas producer’s Light and Heavy Materials businesses. The latter encompasses Fairborn Cement Co., Illinois Cement Co., Central Plains Cement Co., Mountain Cement Co., Nevada Cement Co., and Texas-Lehigh Cement; GGBF slag cement processor and supplier Skyway Cement; plus, integrated concrete and aggregates operations in Texas, Kansas City and northern California.

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TXI 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.”

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TXI, heritage business performance deepen Wall Street confidence in Martin Marietta

Sources: Martin Marietta Materials Inc., Raleigh, N.C.; CP staff

Year-over-year sales and profit gains, bolstered by core aggregate operations’ higher shipments and pricing conditions, plus better than anticipated Texas Industries merger results, have Martin Marietta enjoying investor confidence approximating pre-recession levels.

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Post-merger earnings prove TXI’s capacity to enrich Martin Marietta

Sources: Martin Marietta Materials, Inc.; CP staff

Results from the first financial reporting period to follow the Martin Marietta–Texas Industries Inc. merger, consummated July 1, underscore the potential that three strategic cement and 100-plus ready mixed operations afford the industry’s second largest aggregate producer. Martin Marietta reports third quarter sales of $918 million, existing or heritage businesses accounting for $644 million—a 7.3 percent gain over 2013 Q3 figures.

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ASTM International Committee C01 on Cement presented the Award of Merit to David Norris, assistant plant manager at Riverside Cement, Oro Grande, Calif., citing his technical and administrative contributions to the industry, especially in hydraulic cement standards development. The award is ASTM’s highest recognition for individual contributions to standards activities.

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DriveCam event recorders, coaching protocol steer TXI fleet costs south


A 2011-13 portfolio shift solidifying integrated cement and concrete positions has seen TXI expand its mixer fleet and ready mix production capacity nearly 50 percent—growing an existing market footprint more than any producer this decade. The shift has involved asset exchanges with home state peers Trinity Industries and Cemex USA, netting Dallas-based TXI an additional 250-plus mixers and tanker or dump tractors, all serving 40-plus plants across central and east Texas.

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TXI Package Products nets Bonsal American five Texas bagging plants

Sources: Bonsal American, Inc., Charlotte, N.C.; CP staff

Oldcastle’s Bonsal American business has acquired the TXI Package Products unit of TXI Operations, LP, a subsidiary of Dallas-based Texas Industries, Inc. The transaction spans five plants specializing in dry mix concrete and other packaged products located around Texas’ three major markets: Dallas/Ft. Worth, Houston and Austin/San Antonio.

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