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Vulcan Materials CEO sued by company’s founding family
Members of the founding family of Vulcan Materials Co. have sued CEO Don James and directors, The Birmingham News reports. The family says Vulcan Materials erred in not accepting a buyout offer from Martin Marietta Materials. Glenn and William Ireland filed a derivative lawsuit Friday in U.S. District Court in Birmingham, Ala. Such civil suits are, according to The Birmingham News, filed by shareholders on behalf of the corporation in an attempt to collect proceeds that would be paid into the company to compensate for harmful acts alleged by the legal complaint. The suit says James and the Vulcan board of directors engaged in "breaches of fiduciary duties, gross mismanagement, abuse of control, corporate waste, unjust enrichment" and other conduct that has eroded shareholder value. The suit seeks a jury trial. The Irelands urged Vulcan's board to accept a hostile-buyout offer from Martin Marietta this year that valued shares at an 18-percent premium, according to the lawsuit. The deal proposed moving Vulcan’s headquarters to Raleigh and installing Martin Marietta officers at the top… Keep Reading
OSHA educating about hazards working in heat
The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) has kicked off a national initiative to educate workers and their employers about the hazards of working outdoors in hot weather. The outreach effort builds on last year’s summer campaign to raise awareness about the dangers of too much sun and heat. “For outdoor workers, water, rest and shade can make the difference between life and death,” says Hilda Solis, Secretary of Labor. “If employers take reasonable precautions and look out for their workers, we can beat the heat.” According to OSHA, thousands of workers across the United States suffer from serious heat-related illnesses each year. If not quickly addressed, heat exhaustion can become heat stroke, which has killed, on average, more than 30 workers annually since 2003. Labor-intensive activities in hot weather can raise body temperatures beyond the level that normally can be cooled by sweating. Heat illness initially may manifest as heat rash or heat cramps, but it can quickly become heat exhaustion and then heat stroke… Keep Reading
Return roller delivers conveyor idler replacement
Martin Engineering Co. is introducing a return roller with a new design and a track-mounted, pivoting, return-side idler that allows service and replacement from one side of a conveyor. The Evo return roller’s track-mounted assembly uses one-pin, quick-change functionality, meaning rolls can be replaced by one person in less time and that the risk of injuries is lessened. Martin Engineering says its return rollers help improve safety by minimizing suspension and heavy lifting. Space limitations and access constraints are typically not an issue, Martin Engineering adds, as the idler roll can be serviced from one side of the conveyor. The return roller features an integrated fine adjustment to completely square the belt. The roll itself is one piece, and the assembly includes a three-piece adjustable hanger bracket and swivel-and-pivot component, which allows the roll to be swung away from its support before removing the entire assembly. Additionally, the three-piece hanger bracket adjusts to accommodate different belt widths. The bracket fits a variety of idler manufacturers’ designs, and the return roller… Keep Reading
Volvo says construction equipment market recovering
Volvo Construction Equipment President and CEO Pat Olney used a May 17 press conference in Miami to share his belief that the recovery in the North American construction equipment market is gathering momentum. His comments, made to a group of U.S. business journalists attending a sustainability event, came shortly after the company posted a 111-percent uptick in North American revenues in the first quarter this year. “Demand for construction equipment in North America jumped 35 percent during the first three months of the year,” Olney says. “This shows us that the recovery that began last year is gathering pace, and that our earlier forecast of a 15 to 25 percent year-on-year improvement for 2012 is attainable.” Olney also used the press conference to emphasize the company’s commitment to the environment and sustainability. He highlighted Volvo CE’s Stage IIIB/Tier 4i emissions-compliant engine systems and the 60-plus fuel-efficient products that are being introduced this year as examples of the company’s commitment to sustainability. Keep Reading
NSSGA continues effort to derail federal water guidance
The bipartisan House bill, H.R. 4965, that would prevent the Environmental Protection Agency (EPA) or the U.S. Army Corps of Engineers from finalizing, adopting, implementing, administering or enforcing the Clean Water Jurisdictional Guidance now pending at the Office of Management and Budget (OMB), is expected to be marked up by the full U.S. House Committee on Transportation and Infrastructure early next month, says the National Stone, Sand & Gravel Association (NSSGA). Chief sponsors of the bill are committee chairman John Mica (R-Fla.) and senior committee Democrat Nick Joe Rahall (D-W.Va.). The two are joined by a bipartisan group of more than 30 colleagues. The Waters Advocacy Coalition, of which NSSGA is a steering committee member, continues efforts to build bipartisan sponsorship of the legislation. NSSGA has expressed opposition to the guidance in written comments to both EPA and the Office of Information and Regulatory Affairs (OIRA). NSSGA has also met with OIRA officials twice to share its concerns. The association says it will continue its efforts to derail the water guidance,… Keep Reading
MSHA wants discharged miner reinstated
The Mine Safety and Health Administration (MSHA) has filed a complaint with the Federal Mine Safety and Health Review Commission against Ferraiolo Construction Inc. to reinstate a worker to his former position and provide compensation for wages lost as a result of him being unlawfully fired. A complaint was filed with MSHA last November against Ferraiolo, alleging that the company had terminated the miner’s employment back in September at Portable Pioneer Plant, a Thomaston, Maine-based stone-crushing operation. The miner alleges his employment was terminated in retaliation for making recurring safety complaints. MSHA investigated the complaint and found the miner had engaged in protected activity when he alerted Portable Pioneer Plant about unresolved safety problems, refused to turn on the plant’s generator until required safety guards had been installed, and called MSHA to report the company’s failure to install those safety guards. “Every miner has the right to identify hazardous conditions and refuse unsafe work without fear of discrimination or retaliation,” says Joseph A. Main, MSHA assistant secretary of labor. MSHA… Keep Reading
Atlas Copco appoints president of portable energy division
Norbert Paprocki has been appointed president of the portable energy division within Atlas Copco’s construction technique business area. Paprocki will assume the position July 15, succeeding Geert Follens, who recently became president of Industrial Air. Paprocki started his career in 1984 as a product manager at Georges Renault in France. After various sales manager positions in Europe, he moved to the United States in 1996 as marketing manager for Chicago Pneumatic. Three years later, he returned to France as general manager for the Georges Renault product company. Most recently, Paprocki was president of Chicago Pneumatic tools division within Atlas Copco’s industrial technique business. Keep Reading
McLanahan has new operations vice president, CFO
McLanahan Corp. has promoted Ken Kirsch to vice president of operations and Jay Nartatez to CFO. Kirsch previously served as director of business process operations while Nartatez had been financial controller since October 2007. As a result of Nartatez’s promotion, Sean McLanahan’s title has changed to executive vice president and chief administrative officer. Also, Cory Jenson, who previously served as a regional sales manager in the aggregates industry, will lead McLanahan’s environmental division. Brian Prenatt joins the division as director of engineering after previously holding the same position in the company’s mineral processing division. Taking Prenatt’s spot in the mineral processing division is Mike Smith, who previously served as assistant director of engineering for mineral processing. Another new department, project management, will be led by Adam Eardley. And Chris Kelley is now a sales manager for McLanahan’s aggregate processing division after previously focusing on the frac sand industry as a regional sales manager. Photos: Mclanahan Keep Reading
FLSmidth names operations vice president
Mark Fielder has been promoted to operations vice president of FLSmidth’s recently formed Non-Ferrous Division. The division provides advanced minerals processing technologies, systems and solutions to the global mining industry. As the operations vice president, Fielder will work out of the FLSmidth minerals technology center headquartered in Salt Lake City. He will be responsible for the processes and procedures that support the global execution of customer orders. Keep Reading
