Pit & Quarry, February 2019

GREAT LAKES LIMESTONE TRADE IN 2018 ON PACE WITH PREVIOUS YEAR S hipments of limestone on the Great Lakes totaled 28 million tons in November a 6 percent decrease compared with one year ago Despite this limestone cargos were just about on track with Novembers five year average reports the Lake Carriers Association Loadings from U S quarries totaled 23 million tons an 88 percent decrease while shipments from Canadian quarries totaled 473000 tons an increase of roughly 40000 tons According to the Lake Carriers Association the 2018 limestone trade stands at 27 million tons through 11 months a 1 percent increase compared with one year ago In addition year to date loadings from Michigan and Ohio quarries total 221 million tons an increase of 112000 tons Shipments from Ontario quarries total 48 million tons an increase of 153000 tons The Lake Carriers Association represents 13 American companies that operate 45 U S flag vessels on the Great Lakes and carry the raw materials including iron ore flux stone aggregate cement coal sand and grain P Q AGGREGATE INDUSTRY INDEX MAR16 APR MAY JUN JUL AUG SEP OCT NOV DEC JAN 17 FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN 18 February 342 FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC JAN 19 FEB 400 350 300 250 Source Pit Quarry Above The P Q Aggregate Industry Index continues on a flatter trajectory after several months of steep decline toward the end of 2018 12 MONTH CHART PRICE 52 WEEK RANGE MARKET CAP IN BILLIONS STOCKS LOW HIGH As of Jan 8 2019 Source Yahoo Finance Cemex CX 507 447 851 762 CRH Oldcastle CRH 2769 2462 3932 2265 Eagle Materials EXP 6575 5700 12249 308 Granite Construction GVA 4245 3855 6858 199 Heidelberg Cement HEI 5586 5184 9616 1113 LafargeHolcim LHN 3760 3436 5110 2213 Martin Marietta MLM 17997 15075 24133 1129 MDU Resources MDU 2419 2273 2962 474 Summit Materials SUM 1432 1125 3406 165 U S Concrete USCR 3528 2768 8515 060 U S Lime Minerals USLM 7112 6860 8595 040 Vulcan Materials VMC 10410 8552 14120 1375 Manufacturer Briefs Syntron Material Handling to be acquired Kadant entered into an agreement to acquire Syntron Material Handling Group from entities affiliated with Levine Leichtman Capital Partners The acquisition was expected to close in January 2019 Syntron is a provider of material handling equipment and systems to various process industries including aggregate The company manufactures conveying and vibratory equipment at its facilities in Tupelo Mississippi and China under the Link Belt and Syntron brands Syntrons executive team will remain with the business Motion Industries names president senior VP The company named Randy Breaux as its president Breaux most recently served as executive vice president of marketing distribution and purchasing for Motion Industries In his time there Breaux has played a key role in setting corporate direction strategic acquisitions growing supplier relationships advancing marketing activities and overseeing corporate operations the company Breaux says In addition to Breaux the company named Joe Limbaugh as its senior vice president of supply chain operations support and marketing Limbaugh will report directly to Breaux pitandquarry com February 2019 PIT QUARRY 79