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C. Paul Palmer Named President And COO At National Lime And Stone

C. Paul Palmer IV was elected president and COO of The National Lime and Stone Co. at the recent meeting of the Board of Directors. The announcement was made by Carleton P. Palmer III, chairman of the board and CEO of the company.

Carleton Palmer said that Paul Palmer will have responsibility for all the operating and administrative functions of the company. The president and COO along with the senior vice president of finance and CFO will report to Carleton Palmer.

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PCA: Regulations Should Not be Barriers to Growth

The congressional Committee on Oversight and Government Reform held the first of what is expected to be several hearings on regulatory barriers that impede industry’s ability to create jobs. Led by Committee chairman Darrell Issa (R-Calif.), the hearings bring the concerns of the nation’s job creators directly to Washington, according to the Portland Cement Association (PCA).

The hearing included representatives from the National Association of Manufacturers, Black Chamber of Commerce and the Heritage Foundation. Individual sector hearings are anticipated in the next several weeks. A report issued by the Committee, after receiving comments from PCA and other trade associations, private companies and national think tanks, cited uncertainty of future regulation as a factor that “chills capital formation and can leave U.S. businesses with less investment capital if the money is diverted to foreign markets.”

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Oldcastle Enters Austin, Texas, Market

Oldcastle Materials, Inc. announced that APAC-Texas Inc. acquired the assets of two independent sand and gravel companies operating in Austin, Texas.

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Safety And Training Initiatives are Focus at ConExpo-Con/Agg 2011

Attendees at ConExpo-Con/Agg 2011 will have access to several safety and training-focused events being held in conjunction with the shows, providing added value to the show experience. 

These include:

  • Lift Safety Zone outdoor demonstration area.
  • Crane and Rigging Conference with a Crane Operator Rodeo
  • International Mixer Driver Championship.
  • Construction Challenge finals for the teen-focused program spotlighting industry careers.

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Martin Marietta Materials Delivers Gains in Fourth Quarter

Martin Marietta Materials Inc. announced fourth-quarter earnings of $14.8 million compared to a loss of $3.2 million last year. Earnings from continuing operations amounted to $15.1 million compared to a loss of $2.7 million a year ago. Total revenues increased to $428 million from $374.7 million last year.

Ward Nye, president and CEO of Martin Marietta Materials, stated, "Our 2010 performance further distinguishes Martin Marietta as a premier performer among building-materials companies. Despite the difficult environment in which we were operating, the earnings power created from our steadfast focus on fundamentals, including stringent cost controls and prudent management of our assets, enabled us to deliver fourth-quarter earnings of $0.32 per diluted share and full-year earnings of $2.10 per diluted share.

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