
President and Chief Executive Officer, KSC Ventures Inc
Member of the Industrial Council
Kirk Coyne is the President and Chief Executive Officer of KSC Ventures, Inc., a management company with interests in an architectural/building stone business in Texas. Mr. Coyne is also the President of Renaissance Management Services, a consulting and business advisory firm. He has more than 20 years of experience in the cement, aggregates, concrete, construction materials, and building products industry. Mr. Coyne has held executive and management positions in the fields of finance, strategy, distribution, logistics, business development, and general management at both the corporate and operating company levels. Prior to owning his own companies, he was the President of Lafarge North America's Southeast Region Cement Operations. He holds an MBA from Duke University. (This is me - Update Profile)
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June 28, 2007
Still Waiting: The Single-Family Recovery | www.cement.org
The Portland Cement Association (PCA) has recently published a new article with a pessimistic view of the housing situation. It is becoming more likely that 2007 and 2008 construction activity is going to suffer despite relative strength in non residential and public works construction. Construction materials demand is likely to register more substantial declines than previously forecast, and price increases will likely meet greater resistance as demand falls, further suggesting that the construction materials sector has entered a cyclical downturn.
A Steeper Slump in Cement Consumption in 2007
June 20, 2007
Recent Data Suggests Spring Forecast Optimistic | www.cement.org
The Portland Cement Association (PCA) is now suggesting a dimmer outlook for construction activity and cement consumption than previously forecast. Cement demand in 2007 had been forecast by the PCA to decline only 1.5%, but is now suggesting a drop of 3%-4% as the more likely scenario. Could this be the beginning of even further downward revisions in the outlook for construction materials demand in 2007? And, perhaps more importantly, how will pricing hold up in the face of declining demand?
Questionable Timing of US Construction Materials Acquisitions
May 21, 2007
Florida Rock Industries, Inc Announces Second Quarter Results | online.wsj.com
It isn’t clear the extent to which the housing slump was factored into the assessments of the recent pending transactions involving construction materials companies. It is clear, however, that the industry is experiencing significant declines in sales volumes from the housing downturn.
Global Construction Materials Consolidation Continues
May 21, 2007
HeidelbergCement to buy Hanson for $15.8 billion | www.marketwatch.com
The recent announcement that HeidelbergCement AG of Germany has agreed to buy Hanson PLC of the UK further demonstrates the acceleration of the consolidation process in the construction materials sector. Furthermore, this deal, valued at $15.8 billion, continues the trend toward mega deals involving players with significant constructions aggregates operations.
What's Next in Construction Materials Industry Consolidation?
April 27, 2007
Rinker Backs New Cemex Bid | online.wsj.com
Now that the Cemex-Rinker deal appears headed for completion with the increased bid by Cemex, it leads one to ponder the future of the consolidation process in the construction materials industry.
There is reason to believe that the consolidation process will remain active, but there could be some impact from the slower construction environment.
| Study Group Name | No. Members |
|---|---|
| Building Materials Industry Experts | 2005 |
| Lawyers (Germany) | 186 |
| Cement Industry Experts in GLG Member Programs | 98 |
| Asphalt Experts | 80 |
| Council Members Knowledgeable on Brick Industry | 37 |
May 24, 2007 | Boston
GLGi: Accelerating Consolidation in the Construction Materials IndustryMay 23, 2007 | New York
GLGi: Accelerating Consolidation in the Construction Materials IndustryApril 20, 2006 | Boston
GLGi: Cement and Aggregates MarketsFebruary 23, 2006 | Midtown
GLGi: Q1 2006 Conference: Building Materials