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Manufacturers Ask for Urgency in Washington Following Jobs Speech

Association of Equipment Manufacturers (AEM) President Dennis Slater echoed the views of industry manufacturers that transportation funding is a critical economic stepping-stone after President Obama’s jobs speech to a joint session of Congress.

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Caterpillar Continues Aggressive Expansion Plans in China

In support of the company’s strategy to grow its business to a leadership position in China, Caterpillar Inc. announced an expansion of the company’s operations in China. Representatives from Caterpillar and the Xitong Technical Industrial Park Administrative Committee signed an Investment Agreement to build a state-of-the-art proving ground and a large wheel loader manufacturing facility in Tongzhou, Jiangsu Province.

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PCA Testifies Proposed Legislation Would Save Jobs

Testifying before the U.S. House Committee on Energy and Commerce, Dan Harrington, president and CEO of Lehigh Hanson Inc., and former chair of the Portland Cement Association (PCA), stressed to Congress that inaction on onerous EPA regulations will result in the direct loss of 4,000 high-paying manufacturing jobs and have an adverse impact on the nation’s beleaguered construction sector.

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Construction Materials Production Increases

In the second quarter of 2011, domestic production for selected construction materials, including cement, construction sand and gravel, and crushed stone, increased significantly compared with the first quarter of 2011, primarily owing to seasonal variations, according to Scott F. Sibley, chief, Mineral Commodities Section for USGS.

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Paladin to be Acquired by KPS Capital Partners

Paladin Brands Holding Inc. announced that KPS Capital Partners LP (KPS), through a newly formed holding company, International Equipment Solutions Inc. (IES), has entered into a definitive agreement to acquire Paladin and Crenlo LLC from Dover Corp. Financial terms of the transaction were not disclosed.

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