Summit, Continental Cement conclude CBA with Union employees at Hannibal plant

Summit Materials announces that its subsidiary, Continental Cement Company has successfully completed negotiations with the United Steelworkers Local 11-205 on a new, mutually agreeable Collective Bargaining Agreement at its Hannibal, Missouri, cement plant. The CBA extends through April 2027. "Continental Cement is thrilled to have the union membership ratify the new CBA, which we believe provides a compelling opportunity for our hourly employees," commented David Loomes, Continental Cement President. "We thank the Union, the negotiating committee, hourly employees and the Plant Leadership Team for their role in the process and helping reach this outcome after a long and often intense negotiation process. We are proud to serve the community and to provide secure, well-paying jobs for our hourly and salaried employees. Most importantly, we are proud of our safety record and improved relationship with regulators – both of which are non-negotiable core values for CCC / Summit Materials." The new CBA provides a generous wage settlement and addresses key elements of improving the efficiency and competitiveness of our Hannibal cement facility. The key terms of the new CBA are: "We thank the negotiating teams and employees for reaching this point and ratifying the CBA while upholding our Summit values of safety, integrity, inclusivity, and sustainability," added Anne Noonan, President and CEO of Summit Materials. "We are looking forward to the future and believe the new CBA provides a win-win for our hourly employees and Continental Cement." The new contract period at the Continental Cement Hannibal plant continues through April 30, 2027. The plant produced over 1 million tons of cement in 2021, and fully converted to lower-emitting Portland Limestone Cement in August 2022. The new CBA will run through April 2027 Annual salary increases for the first three years are 5% per year – and 4% per year for the last two years.