The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 5.1% in April to 180.9 (2000=100) from the revised March reading of 190.6. In April, the commercial component of the DMI fell 8.0%, and the institutional component improved 0.3%. “On par with our expectations, the Dodge Momentum Index continued to recede in April, due to declining economic conditions and…
Read MoreMonth: May 2023
NSSGA Calls On Congress to Address Permitting
The National Stone, Sand & Gravel Association (NSSGA) called on congressional leaders to address permitting in its pending debt limit deal. “The last two years we have witnessed remarkable legislative success with the administration and Congress in advancing the largest infrastructure investment in our nation’s history, a revitalization of our domestic manufacturing base and a reshaping of our energy future,”…
Read MoreCEMEX U.S. Operations Up 5% in First Quarter
CEMEX reported net sales increased 9% to $4,036 million in the first quarter of 2023. The strong results are attributable to pricing, decelerating input cost inflation and contributions from the company’s growth investments and the Urbanization Solutions business, the company stated. CEMEX said its operations in the United States achieved a net sales increase of 5% to $1,255 million despite…
Read MoreCanadian Gypsum Quarry to Get CAD$104 Million Makeover
CGC Inc., the Canadian division of USG Corp., announced plans to revitalize and relaunch a state-of-the-art gypsum quarry in Little Narrows, Nova Scotia, Canada. This CAD$104 million investment will reinforce CGC’s supply of raw gypsum material – the largest in the world – to meet the growing demand of customers with easy, reliable access to world-leading wallboard products. Once fully…
Read MoreMDU Reports Earnings; Approves Knife River Separation
MDU Resources Group Inc. reported first-quarter earnings on a generally accepted accounting principles (GAAP) basis of $38.3 million, or 19 cents per share, with adjusted earnings of $46.6 million, or 23 cents per share, compared to first quarter 2022 GAAP earnings of $31.7 million, or 16 cents per share. MDU Resources announced on Aug. 4, 2022, its intent to separate…
Read MoreCASE Offers Innovative Lease Program
CASE Construction Equipment excavators are now offered through an innovative lease program called The CASE Power Lease, from the manufacturer and CNH Industrial Capital. Equipment owners throughout the United States and Canada can get behind an all-new CASE D Series or E Series excavator (13-metric ton and larger) with greater confidence and predictable expenses – plus the extremely rare ability…
Read MoreConExpo-Con/Agg: Eagle Iron Works
Eagle Iron Works has offered customers reliable, easy-to-operate equipment to handle washing and classifying applications since 1872. After celebrating 150 years of business in 2022, EIW has expanded its product line to show the industry that the company will continue meeting the demands of the industry for the next 150 years.
Read MoreREMA TIP TOP Acquires Knapheide Conveyor Technology Division
H. Gulich’s Nachf. Fördertechnik GmbH, a company of the globally operating REMA TIP TOP Group, acquired the conveyor technology division of Knapheide GmbH Hydraulik-Systeme. With the acquisition REMA TIP TOP expands its production capacity of high-quality conveyor belts in Germany. Founded in 1967, Knapheide is a highly specialized supplier of custom and turnkey hydraulics solutions as well as conveyor belts.…
Read MoreMetso Outotec’s Name Changes to Metso
Metso Outotec’s Annual General Meeting approved the board of directors’ proposal to change the company name to Metso Corp. “After the successful integration of Metso and Outotec, we will focus on growing a strong unified Metso company and brand,” said President and CEO of Metso, Pekka Vauramo. “We have combined two valuable companies into one strong Metso. Our focus is…
Read MoreMellott Partners with Southern Machinery
May 4, 2023 – Mellott Company has made another strong strategic move. Rich Blake, Mellott Company president and CEO, and Abbay Blankenship, Southern Machinery Co. owner and president, announced that their companies have entered into an agreement for Mellott to acquire Southern Machinery. “This is an exciting opportunity for our family, dedicated associates and loyal business partners,” Abbay said. “With…
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