aggregate producers
Martin Marietta chairman Zelnak plans to retire
Stephen Zelnak Jr., Martin Marietta Materials Inc.'s chairman of the board, announced he plans to retire May 22 of this year. Ward Nye will take over as chairman and also remain as CEO. According to a press release, Zelnak has… Keep Reading
Lafarge, Holcim to merge into $50 billion company
Lafarge and Holcim are discussing a merger that would create one company whose combined annual sales are about $43 billion. The new company, which the Wall Street Journal estimates would be valued at $50 billion, would be called LafargeHolcim. The… Keep Reading
British Columbia company receives production permit after six-year wait
Highbank Resources received approval to begin production of the Swamp Point North Aggregate Project north of Prince Rupert, British Columbia, Canada. According to Financial Press, Highbank has an aggregate resource of more than 70 million tons. “This permit is a… Keep Reading
Vulcan names board member, completes sale
Grayson Hall was elected a director at Vulcan Materials Co., replacing Ann McLaughlin Korologos. Hall is chairman, president and CEO of Regions Financial Corp. McLaughlin Korologos is a former U.S. secretary of labor. According to a press release, Vulcan's 12-member… Keep Reading
Luck’s remote control technology recognized with safety award
The National Institute of Occupational Safety and Health (NIOSH) bestowed Luck Stone, a Richmond, Va.-based company, with its inaugural award for mine safety and health technology innovations in the stone, sand and gravel sector. According to a press release, the… Keep Reading
Vulcan’s James offers insight for year ahead
What's in store for Vulcan Materials Co. over the next 11 months? Don James, Vulcan's chairman and CEO, says he expects aggregates demand in a number of markets to increase over the prior year for the first time in a… Keep Reading
Vulcan’s fourth-quarter revenue exceeds previous year’s mark
Vulcan Materials Co. reported $470 million in fourth-quarter aggregates revenue, as well as $112 million in gross profit – increases of 14 and 37 percent, respectively, versus the company's 2012 fourth quarter. In addition, Vulcan's gross profit per ton of aggregates… Keep Reading
Nye expects additional economic growth for Martin Marietta in 2014
Ward Nye, president and CEO of Martin Marietta Materials Inc., offered a positive industry outlook for 2014 upon the release of his company's fourth quarter results. "We are encouraged by various positive trends in our business and markets, especially in… Keep Reading
Nonresidential market drives Martin Marietta’s fourth quarter
Martin Marietta Materials Inc.'s nonresidential and residential aggregates product line shipments experienced double-digit volume growth in the fourth quarter last year, driving a 67 percent increase in earnings per diluted share over the company's 2012 fourth quarter. In addition, Martin… Keep Reading
