Pit & Quarry, November 2011

INDUSTRY SNAPSHOT P Q AGGREGATES INDUSTRY INDEX November 202 Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov 2009 2010 2011 Source Pit Quarry After a two month free fall in the spring the Pit Quarry Aggregates Industry Index has leveled off just above the 200 mark through the second half of the year Industry briefs LaHood to leave at end of term A spokeswoman for Transportation Secretary Ray LaHood says the former Illinois Republican congressman will leave the Obama administration at the end of the presidents current term The spokeswoman Jill Zuckman said LaHood was asked about his intentions at a media luncheon and said he gave no reason for his decision and hadnt discussed his intentions with President Barack Obama Martin Marietta Lafarge announce asset exchange Martin Marietta Materials Inc and Lafarge North America Inc announced an agreement to exchange certain assets Under terms of the agreement Martin Marietta will receive aggregate quarry sites ready mixed concrete FIRST OF MONTH OPENING OCT SEP Cemex SA 314 538 Eagle Materials 1641 1971 Martin Marietta Materials 6289 7080 Texas Industries 3149 3551 Vulcan Materials 2758 3515 Source Yahoo Finance For the second consecutive month aggregate producer stock prices above have taken a beating Construction contracts for the first eight months of 2011 below are down from their 2010 levels Year to Date Construction Contract Value Unadjusted Totals in Millions 8 mo 2011 8 mo 2010 Change Nonresidential Building 99964 108677 8 Residential Building 80273 84249 5 Nonbuilding Construction 94610 98894 4 Total Construction 274847 291820 6 Source McGraw Hill Construction Monthly Construction Contract Value Seasonally Adjusted Annual Rates in Millions Aug 2011 July 2011 Change Nonresidential Building 153597 144148 7 Residential Building 128020 12320 4 Nonbuilding Construction 143035 126674 13 Total Construction 424652 394026 8 Source McGraw Hill Construction 250 200 150 and asphalt plants and a road paving LaHood business in the Denver area In exchange Lafarge will receive properties consisting of quarries and distribution yards operated by Martin Marietta along the Mississippi River and a cash payment The transaction is anticipated to close within 60 days subject to regulatory approval Oldcastle Materials deal complete The Orr Group a Winston Salem N C based investment banking firm announced the completion of Oldcastle Materials acquisition of Central Supply Inc and Central Trucking of Clarksburg W Va The companies consist of six ready mix concrete plants one block plant five building supply stores and a trucking division serving West Virginia Pennsylvania Maryland and the Marcellus Shale region Lafarge showcases use of sustainable materials Lafarge North America kicked off an innovative NetZero energy home duplex project on National Precast Day by giving a private media tour at the Lafarge Precast Concrete Plant in Edmonton Alberta Canada The project is in partnership with Stantec and showcases their support of Habitat for Humanity The duplexs innovative and integrative design coupled with sustainable materials will help create the ultimate energy efficient precast concrete home Lafarge said 6 PIT QUARRY November 2011 www pitandquarry com