Sources: Martin Marietta Materials, Raleigh, N.C.; Vulcan Materials Co., Birmingham, Ala.; CP staff
The two largest public companies in construction materials, Martin Marietta and Vulcan, cite 2016 sales gains of 9.5 percent and 5 percent, respectively, against prior year figures, despite only minor shipment increases in their core product, aggregate. In a year that brought each record sales and stock valuations, the producers realized the effects of regional market gains or lapses on their aggregate, ready mixed concrete, cement and asphalt production portfolios:
Sources: American Concrete Pumping Association, Lewis Center, Ohio; CP staff
The American Concrete Pumping Association and National Ready Mixed Concrete Association will once again co-locate their fall gatherings, ACPA Building the Momentum Education Conference and ConcreteWorks. Following the record attendance and momentum from the first such joint effort—September 2016 at the Gaylord Opryland Resort, Nashville—they will convene October 2-3 at the Gaylord Texan Resort and Convention Center in Grapevine, Texas.
Sources: IndusriALL Global Union, Building and Wood Workers International, Geneva; CP staff
IndustriALL Global Union and Building and Wood Workers International officials cite progress toward a Global Framework Agreement with Swiss neighbor LafargeHolcim Ltd., whose sprawling cement, ready mixed concrete and aggregate operations encompass hundreds of prospective bargaining units across the world.
Sources: U.S. International Trade Commission; CP staff
The International Trade Commission will expedite a five-year review concerning an antidumping duty order on Gray Portland Cement and Clinker from Japan dating to 1991. The review will be conducted to determine whether revocation of the order would be likely to lead to continuation or recurrence of material injury to domestic cement producers within a reasonably foreseeable time.
Sources: U.S. Census Bureau; CP staff
The U.S. Census Bureau calculates the value of 2016 construction at $1.16 trillion, about 4.5 percent above the prior year’s $1.11 trillion total. The growth rate in spending eclipsed another principal metric: cement consumption, which Portland Cement Association pegged at 2.7 percent higher last year than in 2015. The variance reflects flat or lagging infrastructure project activity, where cement and concrete represent a higher slice of each dollar when compared to buildings.