By Mark S. Kuhar
Read MoreTag: construction
November Construction Retreats 11 Percent
Highway Work Ticked Downward as Colder Weather Slowed the Season, But Activity is Still Up for the Year.
Read MorePermian 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).
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 MoreConExpo-Con/Agg 2014: It’s Going to be BIG
ConExpo-Con/Agg 2014 Will Feature More Than 2 Million Sq. Ft. of Exhibit Space, a New Outdoor Lot and a Demolition and Recycling Pavilion.
Read MoreConstruction Spending Up in November
The U.S. Census Bureau of the Department of Commerce reported that construction spending during November 2013 was estimated at a seasonally adjusted annual rate of $934.4 billion, 1.0 percent (±1.6 percent) above the revised October estimate of $925.1 billion. The November figure is 5.9 percent (±2.0 percent) above the November 2012 estimate of $882.7 billion.
Read MoreHolcim Reports Mixed Results
Holcim reported that global economic trends remain subdued despite significant growth in several emerging markets and improved economic data from the U.S. Demand for construction materials fell in key markets such as India, Mexico, Canada, and to a lesser extent, Brazil, while Europe stabilized.
Read MoreNovember Construction Retreats; Residential Still Up
At a seasonally adjusted annual rate of $524.8 billion, new construction starts in November fell 11 percent from the previous month, according to McGraw Hill Construction, a division of McGraw Hill Financial. The downturn followed heightened activity in October, which showed the strongest pace for construction starts so far during 2013.
Read MoreMetso To Open New Southwest Facility
As part of its global expansion plan for its industry-leading services center network, Metso announced plans to build a state-of-the-art service and repair facility in Mesa, Ariz. The new facility will be integrated with existing Metso operations in the area and is expected to be operational during the fourth quarter of 2014.
Read MoreTerramac Multi-Purpose Carrier a Site Saver for Producers
Introduced by Terramac LLC, a manufacturer of innovative rubber track crawler carriers, the Terramac RT9 multi-purpose carrier for the utility, construction and construction-materials market.
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