Thursday, September 15, 2005

Third of the Big Three

This just in from over the pond. Hanson Aggregates North America has released its interim report (they don’t do quarters like their U.S. counterparts), and the company reports a marginal decline in aggregates volume, which is curious given the robust reports from its competitors. The company attributes declines to bad weather in California, Georgia and Arizona earlier in the year. On the bright side, profit levels increased for the company in all four U.S. regions, and average selling prices increased 6 percent for aggregates and 19 percent for cement. Spot on! Your comment?