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Global Aggregates Consumption Predicted to Increase

AggregatesMarch 14, 2011 – You can never have enough data, that's what I always say. Well, Aarkstore Enterprise just released its latest global construction aggregates market research report. And it contains a lot of data. The report provides data for 2006-2010, and forecasts from 2011 through 2015 along with growth rates. During the review period, the consumption value of global construction aggregates grew at a Compound Annual Growth Rate (CAGR) of 7.26 percent. While South America experienced the fastest growth in consumption value during the review period, Asia-Pacific and Europe led the market in terms of contribution to global construction aggregates consumption value in 2010. Until 2007, a combination of low interest rates and easy access to credit led to a boom in the global residential construction market resulting in high demand for aggregates, particularly in developed markets such as the U.S. However, the sub-prime crisis that emerged in the U.S. in late 2007 led to a fall in demand for residential properties in 2008, a trend that spread to other countries and lead to a global economic crisis towards the end of 2008. The crisis had a negative impact on the construction industries of the majority of countries worldwide. However in order to counter construction industry declines, the majority of governments across the world introduced substantial stimulus packages comprising huge investments in infrastructure projects, a move which led to increased demand for aggregates from the infrastructure construction market. The impact of the global economic crisis was comparatively less in developing nations, the majority of which recorded strong construction industry growth, and consequently demand for aggregates, despite the global crisis. The value of consumption of construction aggregates globally is expected to increase at a faster rate throughout the forecast period, with a CAGR of 10.68 percent.

Earthquake and Tsunami

japanMarch 11, 2011 – The earthquake and tsunami that hit Japan this morning continue to cause damage throughout the world, including severe wave action in Hawaii and on the West Coast of the United States. This disaster reminds us once again that events can change in any part of the world at a moment's notice. In addition to enormous personal tragedy to contend with, Japan will have to initiate major infrastructure re-development efforts along the coastal and inland areas washed out by massive waves of water. I just watched a Weather Channel report from the West Coast of the United States, and the reporter was speaking while standing in front of a major break wall constructed of rip rap. There is almost no disaster in which aggregates are not part of the solution, either through the use of stone products, or emergency manpower. I have seen aggregates producers time and time again step in to assist with heavy equipment and know-how after a disaster. Let's hope and pray that the industry's expertise is not needed here this time around, and there is no repeat of the kind of devastation that was caused by Hurricane Katrina.

Agg1 Call for Papers

agg1March 9, 2011 – How would you like to be a media star? NSSGA has issued a "call for papers" for the 2012 AGG1 Forum & Expo, which will be held on March 12-15, 2012 in Charlotte, NC. The event will include many educational sessions addressing subject areas that cover virtually the entire range of topics of interest to aggregate producers. If you would like to be considered as a presenter for this event, the association requests that you fill out an online form here. Based on the information you provide, the NSSGA will consider your proposed presentation for inclusion in the event. When you complete the form it will be submitted for consideration to the committees responsible for planning the event, according to the association's Catherine Whalen. Put your expertise on display, and make a proposal today.

Leica Geosystems Offers Chance to Go Hunting with Ted Nugent

TedMarch 8, 2011 – In the run-up to ConExpo-Con/Agg, I will be noting some of the more interesting pre-show news that comes across the wire. For instance, Leica Geosystems is offering a lucky attendee the chance to win a hunting trip for two with rocker and outdoorsman Ted Nugent. Yes, if you dig "Cat Scratch Fever" or Stranglehold" this is one prize you will want to win. The 3-day hunting trip for you and a buddy will happen at the famed Y.O. Ranch in Mountain Home, Texas – with Nugent as your hunting host – and will take place from December 10 – 14, 2011. The hunting package includes 3 days of hunting, meals, accommodations and guide. You have your choice of either bow or gun hunting with this package. No word on whether or not you will also get to play air guitar or do a karaoke duet with the "Motor City Madman." Stop by the Leica Geosystems booth, S-557, to learn more.

Diesel Fuel Update

PumpsMarch 4, 2011 – With unrest in Libya and elsewhere in the Middle East, gasoline and diesel fuel prices are heading North at an alarming rate. You will see Rock Products increase its reporting on diesel fuel prices during this crisis, as diesel plays a critical role on the expense side of the ledger for aggregates producers. The average price of on-highway diesel fuel in the United States is now $3.716 per gallon, according to the U.S. Energy Information Administration. That is up approximately 14 cents from a week ago, and 84 cents from last year. The national high is on the West Coast, with diesel at $3.964 per gallon; and the low is in the Gulf Coast states, with diesel at $3.656 per gallon. The national estimate for off-highway diesel fuel is $3.19 per gallon. It doesn't look like it is headed down soon, either.