“There is some stability in the concrete market because producers have been aggressive in production cuts,” says Thompson.
High Concrete's Graziano believes residential construction will recover faster than commercial business. “It will be 2011 before we start to see a gradual climb out of this ditch,” he says and laughs. “It's not a trough, it's a ditch.”Methodology
The TCP100 companies are ranked by their total North American revenue for the previous year (2008). Our goal is to show the large scope of the companies involved in concrete production. Producers are listed by their parent company's name and total revenue.
Revenue figures were acquired through questionnaires, telephone, and e-mail. Revenue for companies that did not provide information was obtained through annual reports, press releases, media sources, and the databases of Hoovers, Manta and the Gale Business, and Company Resource Center.
Visit www.theconcreteproducer.com for the producers we surveyed that did not make it into the TCP100.
More than half of producers in the TCP 100 survey expect to make less profit this year. Only 11% expect to earn more.
Four of the five largest North American producers suffered drops in revenue from 2007 to 2008. Heidelberg Cement's revenue increased due its 2007 purchase of Hanson.