Polaris Materials shipments set a new record

Polaris Materials yesterday reported that shipments last year from its Orca Quarry in British Columbia set a new record for the company.

Shipments at 3.45 million tons were up 4% over the prior year when they  totaled 3.33 million tons. 
54 vessels were loaded compared with 46 in the previous year, the lower average load size in 2014 reflecting the use of a small vessel dedicated to supplying a one off major contract in Northern California.

Herb Wilson, president said: “The record volume shipped during 2014 was encouraging, however, the fourth quarter experienced adverse seasonal weather that impacted construction output, unlike the previous two years when the weather had been very favorable.”

“Heavy rainfall events were experienced in both the San Francisco and Long Beach areas late in the year. At the new Long Beach terminal the ship and material handling installations are substantially complete, but the rains have delayed the final stages of site development, principally surfacing and utilities works.” 

“Indications of requirements for 2015, from our long-term contracted customers, together with expectations for Long Beach, suggest a further increase in sales volume in 2015 in the order of 15% to 20%, which would represent another milestone year. 

The company now has a much greater focus on selling prices and continuing improvement in the US economy, together with the imminent completion of two fixed price contracts, is enabling average selling prices to be increased during the first quarter of 2015.”

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