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Nonmetallic Minerals Index Rises

usgsAugust 22, 2014 – Good big-picture news on the production front. According to USGS, the nonmetallic mineral products leading index increased 1.2 percent to 241.6 in July from a revised 238.8 in June, and its six-month smoothed growth rate increased to 7.4 percent from a revised 5.9 percent in June. 

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Nonresidential Construction Index Dips

FMIAugust 20, 2014 – The failure of Congress to act on a highway bill is weighing heavily on the construction industry. FMI, a leading provider of management consulting and investment banking to the engineering and construction industry, released its 2014 Third Quarter Nonresidential Construction Index report. The NRCI shows a decrease of 3.3 points from Q2, but is still above the same time period in 2013. The cost of materials and labor continues to climb weighing negatively on the index.

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Sold!

Martin Marietta Materials, Vulcan MaterialsAugust 18, 2014 – Martin Marietta Materials has now sold what needed to be sold. The company completed the divestitures required pursuant to a consent decree that was a condition of the Department of Justice's clearance of Martin Marietta's acquisition of Texas Industries Inc., which closed on July 1, 2014. 

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A 10-Month Band-Aid

HighwayBillAugust 11, 2014 – President Obama has signed a $10.8 billion measure that will fund highway and bridge repairs for the next 10 months.

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Ozinga RMC Integrates Illinois Sites

illinois-road-mapAugust 7, 2014 – A definitive agreement with Aggregate Industries, centered on ready mixed production and fleet assets at 14 Meyer Material Co. sites, has netted Ozinga Bros. an expanded footprint across seven northern Illinois counties.

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