Continental Cement Company Announces August 2021 Price Increase for Terminals in Louisiana and Memphis
03 June 2021 - 8:55AM
Business Wire
Continental Cement Company (“Continental Cement” or the
“Company”), a leading provider of cement based in Chesterfield,
Missouri and a subsidiary of Summit Materials, Inc. (NYSE:SUM)
announced today that it is notifying customers served by its New
Orleans, LA; Port Allen, LA; Union, LA; and Memphis, TN terminals
of a modest price increase due to increasing industry operating and
logistics costs.
To respond to these economic factors, effective August 1, 2021,
Continental Cement Company will increase the price of cement by
+$6.00 per short ton for cement purchased at its terminals in
Louisiana and Memphis. Delivered prices will be adjusted at the
time of shipment to reflect any increases in freight rates, fuel
surcharges and/or taxes.
About Continental Cement Company
Continental Cement Company is a leading provider of cement based
in Chesterfield, MO with plants in Hannibal, MO and Davenport, IA
and 9 distribution terminals along the Mississippi River between
Minneapolis, MN and New Orleans, LA. Continental Cement has built
its business on consistent quality, superior service, and
delivering a great experience since they began producing cement at
their Hannibal location in 1903. The Company provides high quality
cement for projects along the Mississippi corridor and is a
subsidiary of Summit Materials, Inc.
About Summit Materials
Summit Materials is a leading vertically integrated
materials-based company that supplies aggregates, cement, ready-mix
concrete and asphalt in the United States and British Columbia,
Canada. Summit is a geographically diverse, materials-based
business of scale that offers customers a single-source provider of
construction materials and related downstream products in the
public infrastructure, residential and nonresidential end markets.
Summit has a strong track record of successful acquisitions since
its founding and continues to pursue growth opportunities in new
and existing markets. For more information about Summit Materials,
please visit www.summit-materials.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of the federal securities laws, which involve risks and
uncertainties. Forward-looking statements include all statements
that do not relate solely to historical or current facts, and you
can identify forward-looking statements because they contain words
such as “believes,” “expects,” “may,” “will,” “should,” “seeks,”
“intends,” “trends,” “plans,” “estimates,” “projects” or
“anticipates” or similar expressions that concern our strategy,
plans, expectations or intentions. These forward-looking statements
are subject to risks, uncertainties and other factors that may
cause our actual results, performance or achievements to be
different from future results, performance or achievements
expressed or implied by such forward-looking statements. We derive
many of our forward-looking statements from our operating budgets
and forecasts, which are based upon many detailed assumptions.
While we believe that our assumptions are reasonable, it is very
difficult to predict the effect of known factors, and, of course,
it is impossible to anticipate all factors that could affect our
actual results.
In light of the significant uncertainties inherent in the
forward-looking statements included herein, the inclusion of such
information should not be regarded as a representation by us or any
other person that the results or conditions described in such
statements or our objectives and plans will be realized. Important
factors could affect our results and could cause results to differ
materially from those expressed in our forward-looking statements,
including but not limited to the factors discussed in the section
entitled “Risk Factors” in our Annual Report on Form 10-K for the
fiscal year ended January 2, 2021. Such factors may be updated from
time to time in our periodic filings with the Securities and
Exchange Commission (“SEC”), which are accessible on the SEC’s
website at www.sec.gov. We undertake no obligation to publicly
update or revise any forward-looking statement as a result of new
information, future events or otherwise, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210602006101/en/
David Loomes Vice President of Sales and Supply Chain
David.Loomes@continentalcement.com 636-532-7440
Summit Materials (NYSE:SUM)
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