Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Granite to Develop New Aggregate Operation in Grantsville, Utah


Granite (NYSE:GVA) announced today that it has acquired and will start development on a new aggregate operation near Grantsville, Utah. Located approximately 30 miles west of Salt Lake City on Interstate 80, the site covers approximately 640 acres. The material comes from an alluvial deposit containing 99 million tons of recoverable rock.

“We are pleased to be moving forward with the Grantsville facility,” said Brad Estes, vice president of construction materials. “This facility will provide quality materials to Utah for decades and supports Granite’s home market strategy.”

“Utah is one of the fastest-growing states in the country, and the Salt Lake metro area is where a lot of that growth is happening and will continue to happen,” explained Jason Klaumann, vice president of regional operations. “Securing such an extensive reserve of material gives Granite lots of opportunity to capture all the work that will come with that growth.”

Granite is currently designing the plant for the Grantsville facility. In support of Granite’s core value of sustainability, the company is assessing a variety of water-saving and waste-reduction equipment and technology options. The plant will be assembled in the coming months and the facility is expected to begin production in July 2022.

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 civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook, and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220606005213/en/

Granite Construction Stock

€64.00
1.590%
Granite Construction gained 1.590% today.
Based on 2 Buy predictions and 2 Sell predictions the sentiment towards Granite Construction is rather balanced.
A slightly negative potential of -10.94% at a current price of 64.0 € for Granite Construction is the result of a target price of 57 €.
Like: 0
Share
Business Wire, a Berkshire Hathaway company, is the global leader in press release distribution and regulatory disclosure. Investor relations, public relations, public policy and marketing professionals rely on Business Wire for secure and accurate distribution of market-moving news and multimedia.

Legal notice

Comments