Rock Products

AUG 2017

Rock Products is the aggregates industry's leading source for market analysis and technology solutions, delivering critical content focusing on aggregates-processing equipment; operational efficiencies; management best practices; comprehensive market

Issue link:

Contents of this Issue


Page 75 of 131

74 • ROCK products • August 2017 Aggregates Industry Almanac Agg Industry Market Report Two acquisitions were completed in the greater Minneapolis/St. Paul region, Hardrives Inc. and Chard Tiling and Excavating. These acquisitions added two aggregates operations, eight asphalt plants, asphalt construction and an asphalt terminal operation and are expected to provide immedi- ate synergies as they are integrated with CRH's existing aggregates and asphalt business in southern Minnesota. Columbia Asphalt is a vertically integrated business in Yakima, Wash., comprised of three aggregates sites, three asphalt plants and one ready-mix concrete plant. The acquisition of Costello Industries Inc., a cold milling contractor in Connecticut, will provide synergies with CRH's existing asphalt production and paving business in the region. The acquisition of certain quarry assets in the greater Montreal area strengthens CRH's position in the concrete stone market by adding licensed reserves and securing long-term concrete stone supply for its vertically integrated ready-mix concrete business. CRH also purchased certain assets of Connell Resources, a vertically integrated aggregates, asphalt and construction company with operations in Colorado. Construction Materials Construction input prices rose in April increasing by 0.7 percent on a monthly basis and 4.3 percent on a year-over-year basis, according to a recent analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. Nonresidential input prices as a whole experienced similar increases, due in part to surging iron, steel and softwood lumber prices, rising 0.7 percent for the month and 4.2 percent on the year. "The price increases from the report reinforce the recent growth in compensation costs, which means that the most advantageous period for purchasers of construction services is now well behind us," said ABC Chief Economist Anirban Basu. "Today's PPI report is particularly significant because it indi- cates that inflationary pressures continue to build within the U.S. economy. Aggregates Materials Industry results in Q1 2017 showed quarterly decreases in volume compared to the same period in 2016 for crushed stone (2.6 percent) and sand and gravel (4.1 percent) while cement volume was up 0.7 percent. Asphalt prices continued to decline in Q1 and have done so for the past two years due mainly to depressed oil prices. Cement • Portland cement consumption (17.0 million metric tons) increased by 0.7 percent in Q1 2017 compared to Q1 2016. •  The average net selling price per ton for Vulcan Materials, Martin Marietta and Eagle Materials in Q1 was $104.40, an increase of 1.9 percent over the prior quarter and a 4.1 percent increase over the same period in 2016. Sources: U.S. Geological Survey, Average of Vulcan Materials, MarƟn MarieƩa and Eagle Materials average net selling price

Articles in this issue

Links on this page

Archives of this issue

view archives of Rock Products - AUG 2017