Cement News tagged under: Asphalt
Heidelberg Materials expands US offering18 July 2024, Published under Cement NewsHeidelberg Materials has entered into a definitive purchase agreement to acquire Highway Materials Inc, one of the largest independent aggregates and asphalt producers in the Greater Philadelphia market. Included with this acquisition are four crushed stone quarries, nine hot-mix asphalt plants, two clean fill operations, a concrete recycling facility, a construction services business, and more than 350 employees. Earlier this month, Heidelberg Materials also successfully acquired two c... |
Heidelberg Materials appoints new MD of Midland Quarry Products27 June 2024, Published under Cement NewsAndrew Boileau has been appointed managing director of Heidelberg Materials’ UK-based asphalt and quarrying business MQP (Midland Quarry Products). He replaces Rick Green, who has retired after a 40-year career in the industry, taking responsibility for MQP’s three quarries and 10 asphalt plants located across the Midlands region. Mr Boileau has extensive leadership experience within the construction industry, latterly as programme director for STARK Building Materials. He has also held... |
Boral to acquire Booyal Quarries08 April 2024, Published under Cement NewsBoral Ltd has agreed to acquire Booyal Quarries in the Wide Bay region in Queensland, Australia. The strategic acquisition will secure the supply of quarry materials to Boral customers and the company's integrated operations in Wide Bay. The Wide Bay region is a high-growth market underpinned by various large-scale infrastructure projects. "Booyal Quarries’ is a high-quality business with significant approved quarry reserves" claims Boral. It will secure a 20-year supply to Boral's integr... |
Scotland's MPA calls for mineral forum07 March 2024, Published under Cement NewsScotland’s economic development and drive for decarbonisation depend on domestically available mineral products, according to a new document from the Mineral Products Association Scotland (MPAS) that sets out a series of policy recommendations for the Scottish government. The document, ‘Priorities for Scotland’, highlights the role played by Scotland’s mineral production sector, which manufactures around 30Mt of aggregates, concrete and asphalt each year. Essential for renewable energy... |
Summit reports 10% revenue advance in 202316 February 2024, Published under Cement NewsSummit Materials has announced a 19.8 per cent YoY increase in net revenue to US$613.1m in the fourth quarter of 2023. Adjusted EBITDA over the same period advanced by 14.5 per cent to US$136.5m. The three-month period saw its aggregates business report a 5.7 per cent YoY increase in sales volumes, while cement sales volumes declined 11.1 per cent. Ready-mixed concrete volumes were up 14.8 per cent YoY in the 4Q23, while asphalt volumes advanced by 34.7 per cent. For 2023 as a whole, t... |
Strong 3Q results from Vulcan boost full-year forecasts27 October 2023, Published under Cement NewsVulcan Materials Co has reported revenues of US$2186m in the third quarter of 2023, up from US$2088m in the same period a year earlier. Gross profit over the same timeframe has advanced from US$493m to US$591m, while adjusted EBITDA has improved from US$507m to US$602m. In the 3Q23 the aggregates segment saw its gross profit increase by 17 per cent YoY to US$508m (equivalent to US$7.95/t), while the gross profit margin expanded 200 basis points. Cash gross profit per tonne improved 18... |
MPA voices concerns over UK government housebuilding plans01 September 2023, Published under Cement NewsThe Mineral Products Association (MPA) has written to the UK government voicing concerns over the government’s recent announcements regarding housebuilding. Two differing policy proposals designed to boost housebuilding, put forward by the current government and the Labour opposition, support plans to deliver new homes but, according to the MPA, fail to recognise the importance of the construction supply chains in realising their housing ambitions. Robert McIlveen, director of public affa... |
Construction in Great Britain contines to decline, warns MPA09 August 2023, Published under Cement NewsNew figures from the Mineral Products Association (MPA) provide more concrete evidence of the slowdown in Britain’s construction industry. The latest quarterly survey from the MPA – covering aggregates, asphalt, ready-mixed concrete and mortar in Great Britain – reveals a decline in actual sales volumes during the second quarter of 2023. The drop in construction activity, particularly in new housing, along with the impact of cost inflation on other areas such as roads, has contributed to the... |
Vulcan Materials' 1Q23 volumes hampered by poor weather05 May 2023, Published under Cement NewsVulcan Materials has reported revenue of US$1649m in the opening quarter of 2023, up from US$1541m in the same quarter a year earlier. Adjusted EBITDA over the same period has advanced from US$294m to US$338m, while gross profit has improved from US$269m to US$302m. Although shipments of aggregates over the 1Q23 fell to 51.7Mt, compared to 53Mt in the 1Q22, the freight-adjusted sales price per ton increased from US$15.52 in the 1Q22 to US$18.67 in the same period a year later, raising ... |
CRH supplies major highway project in Utah28 April 2023, Published under Cement NewsCRH is playing an integral part in the West Davis Corridor project in Utah, USA. The 27km (17-mile), four-lane greenfield highway project will include freeway-style interchanges and 10 miles of new trails for biking and walking. Construction of the corridor began in 2021 and will require 7.2Mt of aggregates, 445,000t of asphalt and 42,050m 3 (55,000 cubic yards) of ready-mixed concrete. Staker Parson Materials & Construction, a CRH company, is delivering key components to the project,... |