Obama’s Blockbuster Infrastructure Proposal: $478 Billion

President Barack Obama’s just-released $4 trillion budget includes a proposal for a six-year, $478-billion plan to invest in the nation’s infrastructure. The proposal also answers the main objection of critics who demand to know how it will be paid for: by closing a tax loophole that allows U.S. firms to avoid paying taxes on overseas profits, according to the White…

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Construction Spending Ends Month, Year on High Note

The U.S. Census Bureau of the Department of Commerce reported that construction spending during December 2014 was estimated at a seasonally adjusted annual rate of $982.1 billion, 0.4 percent (±1.3 percent) above the revised November estimate of $978.6 billion. The December figure is 2.2 percent (±1.6 percent) above the December 2013 estimate of $961.2 billion.

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Continental Acquires Veyance

Continental concluded its acquisition of U.S. rubber company Veyance Technologies Inc, Fairlawn, Ohio, on Jan. 30. On Jan. 29, the Brazilian antitrust authority CADE (Council for Economic Defense) cleared the transaction with certain conditions, thus providing the approvals necessary for completion. International automotive supplier, tire manufacturer and industrial partner Continental is boosting its worldwide industrial business with this acquisition, which…

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AGG1 Preview: Stedman “Expect More”

Stedman will be promoting its “Expect More” HSI impactor line in Booth 1538 at AGG1 by re-educating process engineers about the unique design aspects of impactors. HSIs are capable of high ratio size reduction with no decrease in quality of the product even after long periods of operation. High size reduction ratios offer cost savings in handling, maintenance and wear parts.…

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Aggregates Production Rises in 2014

In 2014, total construction aggregates production rose to an estimated 2.171 billion metric tons, representing a total value of $19.8 billion, according to the U.S. Geological Survey’s Mineral Commodity Summaries 2015 report. The estimated production volume represents more than a 7 percent increase over 2013 total production, which was a reported 2.027 billion metric tons. An estimated 1.26 billion metric tons of…

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