The Port Freeport Commission recently approved a second lease agreement with Vulcan Construction Materials. Port Freeport and Vulcan have shared a mutually beneficial relationship since 2002 when the Port Commission approved the assignment of a Lease Agreement with Transit Mix Concrete and Materials Company to Vulcan Materials Co.
Vulcan Materials is the nation's largest producer of construction aggregates — primarily crushed stone, sand and gravel — and a major producer of aggregates-based construction materials, including asphalt and ready-mixed concrete. Under the recently executed lease agreement, Vulcan will expand its footprint at the port and construct an aggregate distribution facility on Port Freeport's Parcel 14. The distribution facility will be railserved by the new track Port Freeport opened in June 2019 and is expected to receive various grades of aggregate by rail from Vulcan's quarry in Hondo.
"We are excited about this opportunity to work with a current customer to expand their presence at the port and bring new business and jobs to the port's rail-served Parcel 14 Multimodal Industrial Park," Commission Chairman Shane Pirtle said.
Vulcan currently imports limestone base rock from the Yucatan Peninsula in Mexico to Port Freeport. A large amount of this base material was used in the development of many of the petrochemical expansion projects and for road construction projects in recent years. Port Freeport has also purchased a significant amount of material for its own expansion projects. The material arriving at the new distribution facility will be a larger grade and gives Vulcan the ability to offer a more diverse product offering to the area competitively.
At the same meeting, the Port Commission approved an amendment to the current lease agreement with Vulcan Materials which provides for certain term extension options to match those of the second lease agreement.
Summit Electric names new CEO
Patrick Davis is the new president and CEO of Summit Electric Supply, whose operations include a service center at 303 Commerce St. in Clute. Executive Chairman Victor Jury Jr. announced the hiring of Davis on behalf of the company's board of directors and shareholders.
Davis will work closely with Jury through the transition and going forward to continue Summit's 42 years of growth and success.
"I'm excited to name Pat as Summit's next CEO. He is a disciplined leader whose reputation and ability to execute speaks for itself," Jury said in the Nov. 21 announcement. "Our Board of Directors and I set a high bar for Summit's next leader, and we are extremely confident Pat's leadership style, skill set, and experience will be a great fit. I am confident that under Pat's leadership, Summit will continue to grow, finding new and innovative ways to meet the ever-changing needs of our customers,