| Mission Statement. Be an excellent
construction materials company operating responsibly, focused on customers,
relying on dedicated employees to achieve long-term growth and a superior return
on investment. |
| Vision. Be the quality name in
construction materials. Through employees continually improving everything
we do, we will supply quality materials and superb service for our customers;
provide an excellent work place; be an excellent neighbor and environmental
steward; operate safe, well maintained and cost effective facilities and
equipment; and grow profitably in existing and new markets. |
| Operations.The Company is a major basic construction materials company concentrating its operations in the Southeastern and Mid-Atlantic states. The Company is one of the nation’s leading producers of construction aggregates, ready mixed concrete and concrete block. In Florida, the Company manufactures Portland cement and calcium products, imports cement and slag which are either sold or blended or ground and then sold.It
also imports clinker which is ground into cement and sold. |
 |
Aggregates. The construction aggregates segment currently operates three crushed stone plants, two baserock plants, nine sand plants and one industrial sand plant in Florida. It operates six crushed stone plants, one crushed stone plant through a joint venture and three sand plants in Georgia; one crushed stone plant in Tennessee; one
crushed stone plant and one sand and gravel plant in Alabama; one crushed stone plant in Illinois; two sand and gravel plants and two crushed stone plants in Maryland; and two crushed stone and two sand and gravel plants in Virginia. The Company also has an investment interest in a crushed stone quarry located in Charlotte County, New Brunswick, Canada.
The Company operates aggregates distribution terminals in Woodbridge, Virginia; Norfolk-Virginia Beach, Virginia; Baltimore, Maryland; the Eastern Shore of Maryland; Seaford, Delaware and Washington D.C. In Florida, the Company serves Jacksonville and Central Florida including Orlando and the Polk County markets through unit train distribution
terminals. In Central Florida, the Company has two terminals, at Taft and Auburndale, on the
CSX rail line. In Georgia, the Company has two terminals at the ports of Brunswick and
Savannah. Through a joint venture, the Company has an interest in a
distribution terminal in New York City. The Company maintains in excess of 2.5 billion tons of long-term aggregates reserves of sand and stone in Florida, Georgia,
Maryland, Tennessee, Alabama, Illinois, Virginia and New Brunswick, Canada, which are owned, or under long-term mining leases with terms generally commensurate with the extent of the
deposits at current rates of extraction. During fiscal 2005 the Company
produced and shipped approximately 43 million tons of aggregates.
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Ready mixed concrete is
produced and sold throughout peninsular Florida; South Georgia;
Richmond, Williamsburg, Newport News, Norfolk/Virginia Beach, and
Northeastern Virginia; Central Maryland; and Washington, D.C. At
the end of fiscal 2005 the Company had 109 ready mixed concrete
plants, 13 concrete block plants, and a delivery fleet of 1,353 ready
mix and block trucks. Concrete block is sold in the peninsular of
Florida and South Georgia.
Prestressed concrete products for commercial developments and bridge
and highway construction are produced from two yards in Wilmington,
North Carolina and precast concrete lintels and other building
products are produced in Kissimmee, Florida.
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Cement.
The
Company’s cement segment operates one cement plant located in
Newberry, Florida and limestone grinding or calcium operation in
Brooksville, Florida. During
fiscal 2005, the cement plant sold 819,000 tons of cement.
The
Company has received a
permit from the Florida Department of Environmental
Protection to expand production of the cement plant.
A permit for
expansion has also been approved, subject to certain conditions, by the
City of Newberry.
Cement
and granulate blast furnace slag are imported into Tampa, Florida and
some of the cement sold and the balance is either blended or bagged.
The slag is ground and either sold or blended and then sold.
Clinker, which is an unground cement, is imported into Port Manatee,
Florida and is ground into cement and sold.
The
limestone grinding plant in Brooksville, Florida provides product for
the animal feed industry.
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John D. Milton, Jr., Executive Vice President,
Treasurer and Chief Financial Officer
155 East 21st Street
Jacksonville, Florida 32206
(904) 355-1781