Vulcan Materials Company

Vulcan Materials Company
Public company
Traded as NYSE: VMC
S&P 500 Component
Industry Construction materials
Founded 1909 as Birmingham Slag Company
Headquarters Birmingham, Alabama United States
Key people
 J. Thomas Hill, Chief Executive Officer
John R. McPherson, Chief Financial Officer
Michael R. Mills, General Counsel
Products Crushed stone, sand and gravel
Revenue Increase $3.422 billion (2015)[1]
Number of employees
 9,917 (2008)
Website http://www.vulcanmaterials.com/

Vulcan Materials Company, is an American company based in Birmingham, Alabama. It is principally engaged in the production, distribution and sale of construction materials. Vulcan is the largest producer of construction materials, primarily gravel, crushed stone, and sand, and employs approximately 7,000 people at over 300 facilities. Vulcan serves 19 states, the District of Columbia and Mexico. Vulcan's innovative Crescent Market project led to construction of a large quarry and deep water seaport on the Yucatán Peninsula of Mexico, just south of Cancun. This quarry supplies Tampa, New Orleans, Houston, and Brownsville, Texas, as well as other Gulf coast seaports, with crushed limestone via large 62,000 ton self discharging ships.

History

On June 7, 2005, Vulcan completed the sale of its chemicals business, known as Vulcan Chemicals, to Occidental Chemical Corporation. The sale of assets included Vulcan's chloralkali plants in Wichita, Kansas; Geismar, Louisiana; and Port Edwards, Wisconsin, as well as Vulcan Chemicals' joint venture located in Geismar, Louisiana. In 2005, Vulcan acquired 11 aggregates operations and five asphalt plants in Arizona, Georgia, Indiana and Tennessee.

On February 19, 2007, Vulcan announced that it would buy stone and cement producer Florida Rock Industries for $4.7 billion.[2] Vulcan completed the acquisition of Florida Rock on November 16, 2007.

In March 2007, Vulcan announced that it had been named to Fortune Magazine's list of Most Admired Companies for the sixth time. The company was ranked first in its industry sector, "Building Materials, Glass." Overall, Vulcan ranked among the top 10 companies in the Fortune 1000 for both long-term investment and social responsibility.

In January 2014, Vulcan Materials announced they would be selling their Florida Rock Industry plants and equipment to Cementos Argos, of Colombia. In March 2014, Vulcan was able to fully divest these properties to Cementos Argos.[3]

References

  1. ↑ "Vulcan Announces Fourth Quarter 2015 Results" (PDF). Vulcan Materials Company. Retrieved Apr 29, 2016.
  2. ↑ Dolmetsch, Chris & Lococo, Edmond (19 Feb 2007). "Vulcan Materials to Buy Florida Rock for $4.6 Billion (Update4)". Bloomberg. Retrieved 12 May 2015.
  3. ↑ Basch, Mark (27 January 2014). "Vulcan selling former Florida Rock cement facilities". Jacksonville Daily Record. Retrieved 12 May 2015.


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