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Granite Opens New Southern California Big Rock Materials Plant


Granite (NYSE:GVA) recently opened their Big Rock Aggregate and Asphalt Plant in Llano, California. Big Rock will provide aggregate and asphalt to private and public customers in northern and western Los Angeles, Ventura, Kern, and San Bernardino counties.

Built with safety and sustainability in mind, this state-of-the-art plant uses technology to be able to produce eleven high-quality aggregate materials simultaneously with the flexibility to modify finished products as the market demands. The aggregate plant will also recycle 134,000 gallons of water per hour with a combination of dewatering screens, low-water washers, and water clarifiers. The asphalt plant optimizes the use of reclaimed asphalt pavement and warm-mix asphalt, two products that conserve raw materials and energy, cut emissions from operations and improve conditions for workers.

“Granite’s investment in our construction materials business demonstrates a commitment to aggregate and asphalt production in key markets across our vertically-integrated footprint. We expect Big Rock to fill a need for high-quality construction materials in the northern LA market for many years to come,” said Vice President of Construction and Materials Brad Estes. “We are pleased to bring this new plant online as part of our continued expansion in Southern California.”

Big Rock is Granite’s 76th materials facility. Granite’s construction materials business stretches across the western United States, and it specializes in recycling operations, aggregate plants, and asphalt plants, which supply external customers and support Granite’s vertically integrated business.

About Granite

Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite provider in the transportation, water infrastructure and mineral exploration markets. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. In addition to being one of the World’s Most Ethical Companies for eleven consecutive years, Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200909006036/en/

Granite Construction Stock

€51.00
-1.920%
A loss of -1.920% shows a downward development for Granite Construction.
Based on 2 Buy predictions and 1 Sell predictions the sentiment towards Granite Construction is rather balanced.
As a result the target price of 58 € shows a slightly positive potential of 13.73% compared to the current price of 51.0 € for Granite Construction.
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