Mr. Keith Jones
President, Material Advisory Group, Inc.
Member of the Natural Resources Council
Council Member Biography
Keith Jones is the President of Materials Advisory Group, a consulting firm providing specialized financial and management services exclusively to companies in the construction materials, mining and industrial minerals industries. Mr. Jones specializes in conducting and managing merger and acquisition services including representing both buyers and sellers, business brokerage, strategic planning, financial analysis, valuations (company and stock), appraisals of mining and mineral properties and reserves, business succession planning for closely-held companies and market research. He has 20 years of experience within the cement, ready mix, sand, gravel, crushed stone, aggregates, industrial sand, high calcium limestone, lime, concrete products (block, brick, pipe, prestress), asphalt, highway contracting and industrial minerals industries. In addition, Mr. Jones is both an Attorney and Real Estate Broker and has worked with hundreds of industry firms both nationally and internationally. (This is me - Update Profile)
Employment History
- 1988 - Unspecified
- President, Material Advisory Group, Inc.
GLG NewsSM Analyses by Keith Jones(?)
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
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Cemex Pricing Increase Overly Optimistic
September 3, 2008
Cemex Hikes Cement Prices By $25 Per Cubic Yard | www.aggregateresearch.com
Cemex announced an across-the-board $25/yard price increase for ready mixed concrete for all its operations in the U.S. This increase is an overly simplistic plan for improving the profitability of the company in the U.S. Cemex ignores the economics of supply and demand and the specific dynamics of each of its markets by attempting this overall increase. Even if one were to give Cemex credit for attempting to be the market leader in ready mix concrete, a price hike does nothing to change the existing market conditions in each market. Demand will not increase in any given market nor will this price increase reduce demand. The end result will be to drive existing Cemex customers to other ready mix producers that are competitors in each market. These competitors will price ready mix, in actuality just a commodity, below Cemex to get the sale. Consumers in the market are more driven by price than company loyalty. This same price consciousness can also overcome customer service.
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Multinational Cement Companies Continue Consolidation
September 3, 2008
Europe Slowdown Could Crumble Cement Makers | www.forbes.com
Acquisitions within the construction materials industry have continued in strong fashion, with multinational cement producers leading the way. Bigger and bigger deals are being put together by the world's largest cement producers, both in the U.S. and abroad. These producers are locked in a battle to become ever larger and diversified to keep pace with their competitors. The U.S. is in a downward construction cycle, creating large reductions in tonnage volumes for most producers in the U.S., both domestic and foreign. The lack of supply in many markets and the logistics of transporting these products have worked to maintain strong pricing increases. These pricing increases have almost offset tonnage reductions to kept revenues and profits level or only slightly reduced. Whether these same conditions will carryover into other markets around the world are yet to be seen. The reduction in share price of these public companies though will only fuel continued consolidation.
Leading institutions connect with Keith Jones through GLG
GLG Study Groups with Keith Jones(?)
| Study Group Name | No. Members |
|---|---|
| Experts in the Leisure & Lodging Council | 4887 |
| Experts in the Automotive Council | 3422 |
| Mining Experts | 1474 |
| Financial Statement Analysts - Leaders, Scholars, and Educators | 353 |
| Cement Industry Experts in GLG Member Programs | 98 |
GLG Live Meetings with Keith Jones(?)
Keith Jones has not participated in any GLG Live Meetings.