Covia Corp Continues Restructuring of Energy Segment, Idles Capacity

Covia Corp of Independence, OH, has announced a fourth quarter 2019 net loss from continuing operations of US$1.26 billion on revenues of US$313.3 million compared with a net loss of US$48.1 million on revenues of US$441.3 million in the fourth quarter of 2018. For all of 2019, the company reported a net loss of US$1.30...

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Martin Marietta has its Most Profitable Year

Martin Marietta Materials Inc (MMMI) of Raleigh, NC has reported fourth quarter 2019 consolidated revenues of US$1.1 billion compared with US$1.02 billion in the fourth quarter of 2018. For the full year, the company’s net sales were US$4.74 billion versus US$4.24 billion in 2018. MMMI’s Building Materials business, which includes the aggregates, cement, ready-mixed concrete,...

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USLM Welcomes Price Increase in Lime, Limestone Products

United States Lime & Minerals Inc (USLM) of Dallas, TX has reported a fourth quarter 2019 net income of US$5.0 million on revenues of US$38.0 million compared with US$4.2 million on revenues of US$34.6 million in the corresponding period of 2018. Fourth quarter revenues from the company’s lime and limestone operations increased 11% to US$37.7...

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Covia Consolidates Production Facilities

Covia Corp of Independence, OH has announced a net income of US$53.8 million for the third quarter ended September 30, 2019 versus a net loss of US$289.0 million in the prior year period. The company’s revenues declined 22%, to US$409.0 million and volume shipments declined 5% to 7.8 million tons. Richard Navarre, Covia’s CEO, said,...

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Graymont Gives Green Light to New Rexton Plant

Graymont Ltd of Richmond, BC has announced plans to build a state-of-the-art lime production facility adjacent to its high-grade limestone deposit in Rexton, MI. The company says that the project will enhance its ability to reliably meet demand for high quality lime and limestone products in the Great Lakes region. Target markets include the environmental,...

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