Pit & Quarry, February 2018

Manufacturer Briefs Metso CEO to resign Nico Delvaux president and CEO of Metso plans to resign from the company no later than June 18 Delvaux who was appointed as president and CEO of Metso earlier this year will assume the position of president and CEO at Assa Abloy Superior selects distributor Superior Industries named Industrial Products Conveyors Drives IPCD as a distributor of its idlers and pulleys IPCD will stock Superior idlers and pulleys at its warehouse in Richfield North Carolina Cedarapids brand names sales manager The Cedarapids brand of Terex MPS based in Cedar Rapids Iowa named Jeffrey High as regional sales manager High brings more than 20 years of experience in aggregate and mining equipment sales to this role Barford Equipment to break into U S market Barford Equipment a UK based manufacturer of mobile screeners screen boxes trailers and wheeled and tracked conveyors will enter the U S market in 2018 with the launch of two track mounted screeners Mellott Company acquires rock crusher repair specialist Mellott Company purchased the Marion Machine assets in Marion North Carolina from Superior Machine Co The company which specializes in rock crusher repair will now be known as Marion Machine LLC Marion Machine will operate independently ATLAS SAND FRAC SAND OPERATIONS COMING THIS YEAR A tlas Sands plant in Kermit Texas is expected to start production during the second quarter of 2018 while the companys Monahans Texas plant is anticipated to start up in the third quarter of the new year Were very excited to announce our plan to supply West Texas with the highest quality premium frac sand which we believe is uniquely sourced from the giant modern open dunes and which are logistically advantaged by their positions in Kermit and Monahans Texas says Bud Brigham Atlas Sands chairman and founding investor We have assembled a great team and a dominant position in the basin with P Q AGGREGATE INDUSTRY INDEX MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC JAN 16 FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN 17 February 392 FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN 18 FEB 400 350 300 250 Source Pit Quarry The P Q Aggregate Industry Index continues on its upward climb flirting with the 400 mark for the first time Industry stock prices are mostly up as well 12 MONTH CHART unparalleled size and scalability Our reserves are optimally located to serve a significant share of the robust activity in West Texas Atlas Sand controls about 6000 acres or 60 percent of the Kermit dune and about 8500 acres or 100 percent of the Monahans dune with the exception of a state park Additionally Atlas Sand holds about 23500 acres of off dune buried sand near the open dune Atlas Sand received approval for the Kermit and Monahans sites representing a combined total capacity of about 88 million tpy By the end of 2018 Atlas Sand expects to have both plants online with annual sand production potential of 6 million tpy at full utilization PRICE 52 WEEK RANGE MARKET CAP IN BILLIONS STOCKS LOW HIGH As of Jan 5 2018 Source Yahoo Finance Cemex CX 789 710 1037 1253 CRH Oldcastle CRH 3762 3282 3806 3091 Eagle Materials EXP 11856 8651 11857 576 Granite Construction GVA 6425 4514 6740 256 Heidelberg Cement HEI 9250 7694 9409 1835 LafargeHolcim LHN 4917 4479 5709 2956 Martin Marietta MLM 22716 19109 24432 1428 MDU Resources MDU 2640 2514 2974 516 Summit Materials SUM 3164 2188 3259 360 U S Concrete USCR 8420 5795 8635 134 U S Lime Minerals USLM 8032 7161 10140 045 Vulcan Materials VMC 13189 10895 13682 1745 pitandquarry com February 2018 PIT QUARRY 63