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Investors note strong 2016 start for Martin Marietta, Vulcan Materials

Sources: CP staff; Martin Marietta Materials, Raleigh, N.C.; Vulcan Materials Co., Birmingham, Ala.

In the wake of solid first quarter earnings and bullish shipment and pricing outlook for the remainder of 2016, Martin Marietta and Vulcan Materials saw their New York Stock Exchange-traded shares close the first week of May approaching record highs.

Read more: Investors note strong 2016 start for Martin Marietta, Vulcan Materials

Tall wood building proponents reach for federal R&D, market development subsidies

Sources: Office of Senator Mike Crapo (R-ID); American Wood Council, Leesburg, Va.; CP staff

Senators Mike Crapo (R-ID) and Debbie Stabenow (D-MI) have introduced the Timber Innovation Act (S.2982) to “help accelerate research and development—and ultimately construction—of wood buildings in the United States [and] focus on finding innovative ways to use wood in the construction of buildings above 85 feet in height or roughly seven or more stories.”

Read more: Tall wood building proponents reach for federal R&D, market development subsidies

Heidelberg Cement’s Italcementi plan secures Canadian, nears U.S. regulator nods

Sources: HeidelbergCement AG, Heidelberg, Germany; CP staff

Lehigh Hanson Inc. and Essroc Cement Corp. integration is one step closer as the merger of parent companies HeidelbergCement and Italcementi S.p.A. paces a scheduled mid-summer closing. During the HeidelbergCement 2016 General Meeting, May 4 in Heidelberg, management informed shareholders of Competition Bureau of Canada approval and impending U.S. Federal Trade Commission clearance of a combined Lehigh Hanson and Essroc Cement business.

Read more: Heidelberg Cement’s Italcementi plan secures Canadian, nears U.S. regulator nods