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Nonmetallic Index Up

usgsDecember 23, 2013 - The nonmetallic mineral products leading index increased 0.7 percent to 232.0 in November from a revised 230.5 in October. However, its 6-month smoothed growth rate remained at the revised 7.0 percent growth rate of October. The 6-month smoothed growth rate is a compound annual rate that measures the near-term trend.

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Texas Industries on the Block?

TXI-120x120December 17, 2013 - The owners of Texas Industries Inc. are rumored to be exploring a sale according to a report from the Dallas Morning News. The company is working with Citigroup Inc. to find a buyer, sources said, asking not to be identified because the information is private.

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Michelin Thinks Big

Michelin150x151December 12, 2013 - I am blogging live this week from Anderson, S.C., where Michelin is celebrating the grand opening of its US10 tire manufacturing facility. The new state-of-the-art plant will build the XDR2, "the world's largest tire" which will serve up to 400-ton mining trucks.

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Electrical Fatality Reported

MSHA194x97December 9, 2013 - MSHA is reporting that on Nov. 18, 2013, a 33-year old contract electrician foreman with 14 years of experience was injured at a crushed stone mine. The victim was working in a 480-volt electrical enclosure, pulling cable for a new pump that was being installed, when he contacted energized conductors.

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Nonresidential Construction Index Drops

fmiDecember 2, 2013 - FMI’s 2013 Fourth Quarter Nonresidential Construction Index (NRCI) shows a 2.9 point drop in to 57.4. However, the score is still ahead of fourth quarter 2012 by 1.9 points. An NRCI of more than 50 indicates growth therefore the fourth quarter score still indicates modest improvement in the industry.

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