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).
Read MoreMonth: January 2014
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.
Read MoreVirginia 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.
Read MoreDodge 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.
Read MoreAGG1 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.
Read MoreGood Luck
January 13, 2014 – Thomas Heath, a columnist for the Washington Post, just wrote a great piece about Luck Stone.
Read MoreFinancing a Boost to NFP Frac Sand Operations
Houston-based frac sand producer Northern Frac Proppants II LLC (NFP) announced the successful completion of a $77 million senior secured credit facility consisting of a five-year term loan. Proceeds from the new credit facility will be used to expand NFP’s operating frac sand mine and production facility in Alma Center, Wis., and bring online additional frac sand processing facilities located…
Read MoreWisconsin Firm Ordered to Pay for Air, Water Violations
Preferred Sands of Wisconsin was been ordered to pay $200,000 for stormwater and air permit violations at its facility near Blair, Wis., in Trempealeau County, according to the Post Crescent.
Read MoreFrac Sand Plant to Pay Air Pollution Fine
Wisconsin Attorney General J.B. Van Hollen said a Marshfield, Wis., operation involved with frac sand has been ordered to pay $80,000 for violating state air pollution control laws, according to WAOW TV.
Read MoreSKF Offers Capability to Manufacture On-Demand Machined Seals
Seals can be made from a wide variety of stock materials (rubber elastomers, polyurethanes, and thermoplastics, among others) or from specialty materials, such as SKF Ecopur, a thermoplastic polyurethane exhibiting high abrasion resistance, low compression set, and excellent strength.
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