Martin Marietta's Lloyd to Retire; Nickolas Named as Successor

Martin Marietta Materials Inc. announced that Anne H. Lloyd will retire as executive vice president and chief financial officer of the company, effective mid-August 2017. Lloyd will remain with the company through September to ensure a smooth transition.

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New Construction Starts in May Edge Up 1 Percent

At a seasonally adjusted annual rate of $651.2 billion, new construction starts in May increased a slight 1 percent from April, according to Dodge Data & Analytics. Public works construction bounced back 30 percent from its subdued April amount, helped by the May start of four large pipeline projects totaling a combined $3.0 billion. This enabled the nonbuilding construction sector (which also includes electric utilities and gas plants) to register a 23 percent gain in May, offsetting modest 4 percent declines for both nonresidential building and housing.

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Cemex Receives Award for Supporting Education in Florida

Cemex was recognized by the Florida Department of Education and the Florida Education Foundation with the Commissioner’s Business Recognition Award, applauding the learning efforts the company provides for school-aged children.

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Mississippi Lime Acquires Mercer’s Hydrated Lime Business

Mississippi Lime Co. announced it has completed its purchase of Mercer Lime Co.’s hydrated lime business. Terms of the transaction were not disclosed.

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New Commercial Construction Index Marks Growth

Commercial construction is in high demand across the country and contractors are confident in the trajectory of the industry, according to the USG + U.S. Chamber of Commerce Commercial Construction Index. Nearly all contractors surveyed – 96 percent – expect revenues to grow or remain stable this year compared to 2016, with 40 percent expecting an increase and only 3 percent expecting a decrease in revenue.

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