August Construction Rises 2 Percent

At a seasonally adjusted annual rate of $490.2 billion, new construction starts in August advanced 2 percent relative to July, it was reported by McGraw Hill Construction, a division of McGraw Hill Financial. Residential building stayed on the upward track, and nonbuilding construction (public works and electric utilities) rebounded after its loss of momentum in July.

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May Promoted to President of KPI-JCI, Astec Mobile Screens

Kolberg-Pioneer Inc. (KPI-JCI and Astec Mobile Screens) is pleased to announce the promotion of Jeff May to company president. In his new position, May will focus on leading and managing the activities and functions of Kolberg-Pioneer Inc., while helping to direct its strategies in providing growth and profitability for the company and its parent corporation, Astec Industries Inc. of Chattanooga,…

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Atlas Copco Acquires Pneumatic Holdings

strong>September 23, 2013 – Atlas Copco has acquired Pneumatic Holdings Inc., a leading U.S. provider of pneumatic light construction tools. Pneumatic Holdings, based in Santa Fe Springs, Calif., provides light pneumatic construction tools including paving breakers, chipping hammers, rivet busters and rock drills. The company has 16 employees and had revenue in 2012 of $10.8 million.

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