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SCC, HPC demand help construction chemicals’ five-year outlook

Sources: Freedonia Group, Cleveland; CP staff

U.S. demand for construction chemicals used in on-site applications is projected to grow 8.2 percent per year through 2018 to $12.1 billion. Gains will be primarily driven by double-digit increases in building construction expenditures, owing to healthy economic growth and an improved consumer financial outlook. Increased economic activity and greater government investment in the aging infrastructure will also support construction chemical use in nonbuilding applications.

Read more: SCC, HPC demand help construction chemicals’ five-year outlook

Multifamily lender lowers interest rates for LEED-certified projects

Sources: U.S. Green Building Council, Washington, D.C.; CP staff

As part of its Multifamily Green Initiative, Fannie Mae is granting a 10 basis point reduction in the interest rate of a refinance, acquisition or supplemental mortgage loan for a multifamily property carrying certification or recognition under USGBC LEED, EPA Energy Star or Enterprise Green Communities programs. On a $10 million dollar loan amortizing over 30 years, an owner would save $95,000 in interest payments across a 10-year term based on 3.9 percent versus 4 percent market rate.

Read more: Multifamily lender lowers interest rates for LEED-certified projects

LEED certification strongest in Illinois, gaining in the South, Southwest

Source: U.S. Green Building Council

Now in its fifth year, the USGBC’s Top 10 States for LEED Green Building Per Capita in Nation ranking is based on 2010 U.S. Census data and includes commercial and institutional green building projects that were certified throughout 2014. Illinois retained its top national position for a second consecutive year, with 174 LEED certifications representing 3.31 square feet of LEED-certified space per resident.

Read more: LEED certification strongest in Illinois, gaining in the South, Southwest

Parent company maps Grace Construction Products’ independent future

Sources: W.R. Grace & Co., Columbia, Md., CP Staff

Directors have approved a plan to separate Grace into two independent, publicly traded companies, each with interim designations: New GCP, spanning concrete admixtures- and cement additives-anchored Grace Construction Products, and New Grace, comprised of petroleum and chemical processing-driven Catalysts and Materials Technologies.

 

Read more: Parent company maps Grace Construction Products’ independent future

Trucks debut, portable plants rise, filters press in Las Vegas

Sources: CP staff; Informa Exhibitions U.S., Irving, Texas

Three years of respectable concrete output gains backed the strong attendance and exhibitor participation levels at World of Concrete 2015, February 2-6 in Las Vegas. Early on day one of exhibits, Portland Cement Association Chief Economist Ed Sullivan confirmed market trends fueling the positive mood across the Las Vegas Convention Center: 2014 cement shipment reports are trending an 8 percent increase over 2013 figures, he noted, and the industry is likely to match that pace in 2015 and 2016.

 

Read more: Trucks debut, portable plants rise, filters press in Las Vegas