Vulcan Materials Company
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| Type | Public (NYSE: VMC) |
|---|---|
| Founded | 1909 as Birmingham Slag Company |
| Headquarters | Birmingham, Alabama, United States |
| Key people | Donald M. James, Chief Executive Officer Daniel F. Sansone, Chief Financial Officer Robert A. Wason IV, General Counsel |
| Industry | Construction materials |
| Products | Crushed stone, sand and gravel |
| Revenue | ▲$3.65 billion USD (2008) |
| Employees | 9,917 (2008) |
| Website | http://www.vulcanmaterials.com/ |
Vulcan Materials Company NYSE: VMC Vulcan Materials Company (Vulcan) 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) in the United States. Its stock is publicly traded on the New York Stock Exchange under the symbol VMC. The company is headquartered in Birmingham, Alabama and employs approximately 9,700 people at over 356 facilities. Vulcan serves 24 states, the District of Columbia and Mexico. Shipments of all construction aggregates totaled approximately 260 million tons, during the year ended December 31, 2005.
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 will buy Florida Rock Industries for $4.6 billion dollars. 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 2007. The company ranked number 1 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. The 2007 issue marks the sixth time Vulcan has been selected to the Most Admired list.
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