Rock Products

APR 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: https://rock.epubxp.com/i/806196

Contents of this Issue

Navigation

Page 13 of 67

12 • ROCK products • April 2017 www.rockproducts.com I N D U S T RY N E W S IN THE KNOW Tell City, Ind.-based Mulzer Crushed Stone has been pur- chased by Oldcastle Materials. Oldcastle also concluded several smaller stone, aggregate and asphalt transactions in Connecticut, Minnesota, Washington and Montreal that complement the company's South, North, Central and West Divisions, along with CRH Canada. Totaling about $530 million, the deals were chiefly funded from $425 million in proceeds from the January-February 2017 sale of CRH Europe assets, led by a cement plant in Germany, plus precast concrete and clay product businesses accompanying five other deals in four other mainland countries. "Development activity in the first two months of 2017 demonstrates both our strong pipeline and commitment to value-accretive portfolio management," said CRH Chief Executive Albert Manifold. "With the disposal transactions announced [March 1], proceeds from divestments since 2014 will have reached €2 billion [$2.13 billion], and the Group continues to reinvest these proceeds to strengthen our core existing businesses and expand our operations." Mulzer Crushed Stone traces its history to three brothers, Edgar, Arnold and Roland Mulzer, who started a small construction company. The company grew steadily after World War II and began quarrying stone in Perry, Crawford and other counties. Today, the company has more than 600 plus employees in three states. It operates quarries, retail yards and a barge line. Oldcastle, the North American arm of CRH plc, has more than 1,700 facilities in 50 states and six Canadian provinces. Old- castle has 40,000 employees. Oldcastle Buys Mulzer Crushed Stone An estimated 556 million metric tons (Mt) of total construc- tion aggregates was produced and shipped for consumption in the United States in the fourth quarter of 2016, a decrease of 4 percent compared with that of the same period of 2015. The estimated annual output of construction aggregates pro- duced for consumption in 2016 was 2.33 billion metric tons (Gt), an increase of 3 percent compared with that of 2015, according to Jason Willet, U.S. Geological Survey crushed stone commodity specialist. Total 2016 production was previously estimated by USGS in its annual Mineral Commodity Summaries report as 2.49 billion Gt, up from 2.28 Gt in 2015 An estimated 328 Mt of crushed stone was produced and shipped for consumption in the United States in the fourth quarter of 2016, an decrease of 4 percent compared with that of the same period of 2015. The estimated annual output of crushed stone produced for consumption in 2016 was 1.37 Gt, an increase of 3 percent compared with that of 2015. The estimated U.S. output of construction sand and gravel produced and shipped for consumption in the fourth quarter of 2016 was 228 Mt, a decrease of 3 percent compared with that of the same period of 2015. The estimated annual output of construction sand and gravel produced for consumption in 2016 was 959 Mt, a slight increase compared with that of 2015. Shipments of portland and blended cement decreased slightly in the fourth quarter of 2016 compared with the fourth quar- ter of 2015. Annual consumption increased slightly in 2016, compared with that of 2015. The estimated production for consumption of construction aggregates in the fourth quarter of 2016 decreased in seven of the nine geographic divisions compared with that sold or used in the fourth quarter of 2015. In the fourth quarter, production for consumption decreased in 23 of the 43 States for which production estimates of construction aggregates were made. The five leading States in the fourth quarter of 2016 were, in descending order of production, Texas, California, Ohio, Pennsylvania, and Michigan. Their combined total production for consumption was 159 Mt (29 percent of the U.S. total). The estimated total annual production for consumption of construction aggregates in 2016 increased, compared with that in 2015, in 28 of the 50 States for which estimates were made. The five leading States were, in descending order of total annual output for 2016, Texas, California, Pennsylvania, Ohio, and Florida. Their combined total annual output was 661 Mt, a slight increase when compared with that of 2015. The estimated production for consumption of crushed stone in the fourth quarter of 2016 decreased in seven of the nine geographic divisions compared with that sold or used in the fourth quarter of 2015. Production for consumption decreased in 25 of the 46 States for which production esti- mates of crushed stone were made. The estimated production for consumption of construction sand and gravel in the fourth quarter of 2016 decreased from fourth quarter 2015 levels in six of the nine geographic divi- sions. Production for consumption decreased in 27 of the 45 States for which production estimates of construction sand and gravel were made. Aggregates Production Dips in Fourth Quarter; Up for Year

Articles in this issue

Links on this page

Archives of this issue

view archives of Rock Products - APR 2017