Pit & Quarry, December 2009
the projects that we had anticipated to commence in 2009 now beginning next year Specifically we believe there will be an increase in infrastructure related projects as the effects of federal economic stimulus work their way into the economy We continue to believe we will see a One producer said Flat is the new up Its going to be a long road back but well get there moderate increase in aggregates volume to portions of homebuilding and steady growth for chemical grade aggregates he added These markets combined with infrastructure cumulatively comprised 69 percent of our 2008 aggregates volumes and we expect them to increase in 2010 GUS EDWARDS Commercial construction represents the balance of our aggregates volume and while we expect a decline in commercial construction volumes in 2010 we do not have meaningful visibility into these markets at this time Zelnak said We expect aggregates pricing growth in 2010 to be comparable to the 2009 revised guidance All told while our preliminary outlook for 2010 promises to be a stronger year for us in terms of our sales and profits it is too soon for us to quantify with any confidence how much improvement we expect to achieve Zelnak will retire mid year 2010 after leading the company S P E C I A L R E P O R T for more than 27 years C Howard Ward Nye will become CEO effective Jan 1 2010 and has been elected to the companys board of directors Zelnak will continue as executive chairman of the board until his retirement and then become nonexecutive chairman of the board Construction Cement Outlook McGraw Hill Construction released its 2010 Construction Outlook which forecasts an increase in overall U S construction starts for NSSGA next year Owing to improvement for housing from extremely low levels and broader expansion for public works the level of construction starts in 2010 is expected to climb 11 percent to Producer Stock Prices mid November opening 2009 2008 2007 Vulcan Materials 4874 5250 8600 Martin Marietta Materials 8677 7828 12194 For up to the minute stock prices of publicly traded aggregate producers visit www pitandquarry com and click on Producer Stocks www pitandquarry com December 2009 PIT QUARRY 13
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