Profile: Vulcan Materials Co (VMC.N)
Vulcan Materials Company, incorporated on February 14, 2007, is a producer of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company has four segments organized around its principal product lines: Aggregates, Asphalt Mix, Concrete and Calcium. The Company operates approximately 344 aggregates facilities.
The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other). The Aggregates segment principally serves markets in approximately 20 states, Washington D.C. and Mexico with a line of aggregates, and approximately six additional states with railroad ballast. Customers use aggregates primarily in the construction and maintenance of highways, streets and other public works and in the construction of housing and commercial, industrial and other nonresidential facilities. Customers are served by truck, rail and water distribution networks from its production facilities and sales yards.
The Company has approximately 15.7 billion tons of permitted and proven or probable aggregates reserves. The Company serves both the public and the private sectors. Public sector construction includes spending by federal, state, and local governments for highways, bridges and airports, as well as other infrastructure construction for sewer and waste disposal systems, water supply systems, dams, reservoirs and other public construction projects. The private sector markets include both nonresidential building construction and residential construction. The Company sells aggregates that are used as ballast for construction and maintenance of railroad tracks. It also sells riprap and jetty stone for erosion control along roads and waterways. The Company sells a small amount of construction aggregates outside of the United States, principally in the areas surrounding its quarry on the Yucatan Peninsula in Mexico.
The Company produces and sells asphalt mix in Arizona, California, New Mexico and Texas. This segment relies on the Company's reserves of aggregates, functioning as a customer to its aggregates operations. Aggregates are a major component in asphalt mix, consisting of approximately 95% by weight of this product. The Company meets the aggregates requirements for its asphalt Mix segment almost wholly through its Aggregates segment. The Company serves its Asphalt Mix segment customers from its local production facilities.
The Company produces and sells ready-mixed concrete in Georgia, Maryland, New Mexico, Texas, Virginia, Washington D.C. and the Bahamas. This segment relies on its reserves of aggregates, functioning as a customer to its aggregates operations. Aggregates are a major component in ready-mixed concrete, consisting of approximately 80% by weight of this product. The Company meets the aggregates requirements of its Concrete segment primarily through its Aggregates segment. The Company serves its Concrete segment customers from its local production facilities or by truck. Ready-mixed concrete production also requires cement, which the Company purchases from third-party producers.
The Calcium segment consists of a Florida facility that mines, produces and sells calcium products. Its facility produces calcium products for the animal feed, paint, plastics, water treatment and joint compound industries with calcium carbonate material mined at the Brooksville quarry.
The Company competes with Cemex S.A.B. de C.V., CRH plc, HeidelbergCement AG, LafargeHolcim, Martin Marietta Materials, Inc., MDU Resources Group, Inc. and Summit Materials, Inc.
Vulcan Materials Co
1200 Urban Center Dr
BIRMINGHAM AL 35242-2545
Company Web Links
- BRIEF-Vulcan Materials sets quarterly cash dividend of $0.25 per share
- BRIEF-Elaine Chao steps down from Vulcan Materials board after being confirmed as U.S. Secretary of Transportation
- BRIEF-Vulcan Materials says core capital expenditures expected to be about $275 mln for full year
- BRIEF-Vulcan Materials Q3 shr from cont ops, excluding items, $1.01
- BRIEF-Vulcan Materials says full year 2016 aggregates shipments unlikely to reach 190 mln tons