Pit & Quarry, August 2017

ECONOMY Report Global construction aggregate market to reach 468 billion by 2024 F uture Market Insights offers forecasts on the global construction aggregate market in its report titled Global Construction Aggregates Market Industry Analysis and Opportunity Assessment 2016 2024 New trends in construction aggregate such as manufactured sand and recycled aggregate along with rising investment in infrastructure globally are driving the global construction aggregate market says the report On the flip side the high cost of transportation regulations concerning stringent zoning seasonal factors and rising energy costs are expected to act as restraints to growth of the market Increased construction spending especially in developing economies such as India and the Middle East are some of the other major market drivers According to analysis results the global construction aggregate market is expected to expand at a compound annual growth rate of 61 percent through 2024 reaching a market value of 4682 billion During the forecast period the infrastructure segment will continue to account for the maximum share of the total construction aggregate market and is anticipated to expand at a healthy compound annual growth rate during the forecast period By product type sand will remain the largest revenue generating segment however the crushed stone segment is expected to expand at a higher compound annual growth rate of 72 Future Market Insights is a market intelligence and consulting firm that produces syndicated research reports custom research reports and consulting services PhOTO cOurTesy Of Terex finlay UPtoSPeed EVENTS Terex Finlay displays new crushers screener aT open day Terex Finlay hosted an international open day at a site in Edinburgh Scotland to showcase new equipment More than 350 dealers and customers from Europe North and South America Russia Japan and South Africa attended the event Alex Brewster Sons hosted the event at its Craigpark Quarry in Edinburgh Terex Finlay unveiled three crushers during the event the J 1160 jaw crusher the J 1170 directdrive jaw crusher and the I 120RS impact crusher The company also showcased a prototype model 684 triple deck inclined screener which it plans to launch in the fourth quarter of 2017 Weve had yet another busy year of new product developments and its gratifying to receive such positive feedback on our efforts says Nigel Irvine sales director at Terex Finlay We place a lot of emphasis on listening to what our customers tell us they want and need from their equipment day in and day out and judging by the feedback that we have received on the new product launches we are definitely on the right track with our new product development initiatives PRODUCERS Cemex to shut down last US coastal mine he California Coastal Commission reached a proposed settlement agreement with Cemex to T shut down sand extraction at the companys Marina California based mine by the end of 2020 reports Monterey County Now The California Coastal Commission threatened to issue a cease and desist order against the mining operation in March 2016 According to Monterey County Now the mine is the last remaining coastal sand mine in the United States and scientists believe its causing an average of about 4 ft of erosion annually from the Salinas River to Monterey The settlement agreement was scheduled to be presented to the coastal commission for approval July 13 at the commissions monthly meeting The agreement will allow Cemex to continue sand mining up to 177000 cu yd per year until the end of 2020 which is about a 30 percent decrease from what the operation is currently mining the California Coastal Commission says In addition per the proposed agreement Cemex will have to restore the 400 acre property and sell it at a reduced price to a coastal commission approved nonprofit or government agency pitandquarry com August 2017 PIT QUARRY 7