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Escalating material prices, interest rates cloud 2020 market

Source: Associated Builders & Contractors, Washington, D.C.

ABC Chief Economist Anirban Basu tells members in his mid-year outlook that the nonresidential construction sector will remain stable for the second half of 2018, yet warns of a potential economic downturn in 2020, owing to a rapid rise in interest rates and materials prices.

Read more: Escalating material prices, interest rates cloud 2020 market

Knife River expands Oregon footprint in Molalla RM deal

Sources: MDU Resources Group, Inc., Bismarck, N.D.; CP staff

MDU Resources has acquired the operations of Molalla Redi-Mix & Rock Products, Inc., a concrete producer in Molalla, Ore., south of Portland. The business joins the Portland Metro office of MDU’s construction materials subsidiary, Knife River Corp., extending its reach in a growing market between Portland and Salem.

Read more: Knife River expands Oregon footprint in Molalla RM deal

NRMCA call for entries: Safety, Environmental Excellence Awards

Source: National Ready Mixed Concrete Association, Silver Spring, Md.

NRMCA is accepting through July 27 nominations for the second annual Safety Award, acknowledging the contribution of safety-driven work practices to individual producer and industry success. The award is presented to an individual, company or organization whose actions—demonstrated in single incident or long-term commitment—represent the highest in the advancement of safety for ready mixed concrete production and delivery. 

Read more: NRMCA call for entries: Safety, Environmental Excellence Awards

Solomon Colors’ Game of Stones challenges flatwork, surface teams

Sources: Solomon Colors, Springfield, Ill.; CP staff

Solomon Colors is registering three- to six-person teams through August 1 for “Game of Stones,” a flatwork or vertical surface finishing competition during its 2018 Decorative Concrete Fair, August 21-23 in Springfield, Ill.

Read more: Solomon Colors’ Game of Stones challenges flatwork, surface teams

Lehigh earmarks $600M for Indiana mill modernization, rail upgrade

Sources: Lehigh Hanson Inc., Irving, Texas; CP staff

Lehigh Hanson’s most ambitious undertaking to date entails a four-year, $600 million-plus modernization and expansion of the Lehigh Cement Co. Mitchell plant, aimed at increasing capacity from present 662,038 metric-ton-per-year level; lowering energy usage and emissions per ton of finished cement; and, continuing to leverage the southern Indiana site’s limestone riches.

Read more: Lehigh earmarks $600M for Indiana mill modernization, rail upgrade