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Permian Basin Materials Gets Financing

GE Capital, Corporate Finance announced it is serving as administrative agent on $72.5 million of senior secured credit facilities to Permian Basin Materials LLC, a newly formed affiliate of WL Ross & Co. LLC (WL Ross).

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NSSGA Hires Government Affairs Director

Following an extensive search, National Stone, Sand & Gravel Association (NSSGA) President and CEO Michael Johnson announced that Ashley A. Amidon has been named director of Government Affairs, effective Jan. 2, 2014.

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Virginia Tech Wins Student Membership Challenge

The Society for Mining, Metallurgy & Exploration Inc. (SME) student chapter of Virginia Polytechnic Institute & State University was awarded a prize for recruiting the highest number of new members. The chapter recruited 50 new and 64 renewed members for a total of 114.

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Dodge Momentum Index Rises Again

The Dodge Momentum Index rose 1.2 percent in December compared to the previous month, according to McGraw Hill Construction, a division of McGraw Hill Financial. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.

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AGG1 Exhibit Sales Officially Open

Exhibit space sales are now open for the 2015 World of Asphalt and AGG1 expositions. Companies applying for space by Feb. 17, 2014, will be included in the first round of booth assignments, and have the option of participating in an in-person “priority space draw” during ConExpo-Con/Agg 2014.

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