Van der Graaf Holds Drum Motor Seminars in Texas

Van der Graaf held several seminars in Texas to demonstrate to local aggregates producers how to optimize the efficiency, operating costs and safety of drives. The seminars were held in Fort Worth and New Braunfels. Rock Products was on-hand to participate in the Fort Worth session.

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Dodge Momentum Index Loses Steam in April

The Dodge Momentum Index fell 5.1 percent in April to 133.8 (2000=100) from its revised March reading of 140.9. 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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Construction Materials Segment Down at MDU Resources

MDU Resources Group Inc. reported 12 percent higher first-quarter earnings from continuing operations of $35.5 million, or 18 cents per share, compared to first quarter 2016 earnings from continuing operations of $31.6 million, or 16 cents per share.

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ACG Materials Acquires North Florida Rock

H.I.G. Capital LLC (HIG), a private-equity investment firm, announced that its portfolio company, ACG Materials – a vertically integrated producer and processor of industrial minerals and aggregates including gypsum, limestone, sand, gravel and downstream food, pharmaceutical and plaster products – has acquired North Florida Rock Ltd (NFR).

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Construction Spending at Record Levels for Second Straight Month

Construction spending is at record levels for the second straight month in March and is up 4.9 percent for the first three months of year compared to the same period in 2016, despite dipping slightly compared to February, according to an analysis by the Associated General Contractors of America. Association officials said many firms are eager to see details of the President’s pending infrastructure plan, which should boost construction demand.

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