Rock Products Logo
 

Construction Spending Slips in July

The U.S. Census Bureau of the Department of Commerce reported that construction spending during July 2011 was estimated at a seasonally adjusted annual rate of $789.5 billion, 1.3 percent below the revised June estimate of $799.8 billion.

Read more: Construction Spending Slips in July

Manufacturers Ask for Urgency in Washington Following Jobs Speech

Association of Equipment Manufacturers (AEM) President Dennis Slater echoed the views of industry manufacturers that transportation funding is a critical economic stepping-stone after President Obama’s jobs speech to a joint session of Congress.

Read more: Manufacturers Ask for Urgency in Washington Following Jobs Speech

Construction Materials Production Increases

In the second quarter of 2011, domestic production for selected construction materials, including cement, construction sand and gravel, and crushed stone, increased significantly compared with the first quarter of 2011, primarily owing to seasonal variations, according to Scott F. Sibley, chief, Mineral Commodities Section for USGS.

Read more: Construction Materials Production Increases

Caterpillar Continues Aggressive Expansion Plans in China

In support of the company’s strategy to grow its business to a leadership position in China, Caterpillar Inc. announced an expansion of the company’s operations in China. Representatives from Caterpillar and the Xitong Technical Industrial Park Administrative Committee signed an Investment Agreement to build a state-of-the-art proving ground and a large wheel loader manufacturing facility in Tongzhou, Jiangsu Province.

Read more: Caterpillar Continues Aggressive Expansion Plans in China

PCA Testifies Proposed Legislation Would Save Jobs

Testifying before the U.S. House Committee on Energy and Commerce, Dan Harrington, president and CEO of Lehigh Hanson Inc., and former chair of the Portland Cement Association (PCA), stressed to Congress that inaction on onerous EPA regulations will result in the direct loss of 4,000 high-paying manufacturing jobs and have an adverse impact on the nation’s beleaguered construction sector.

Read more: PCA Testifies Proposed Legislation Would Save Jobs