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Polycor Merges with Indiana Limestone

The largest producer of natural stone in North America, Polycor Inc., completed its merger with Indiana Limestone Co. (ILCO), a dimensional limestone quarrier and building products producer headquartered in Bloomington, Ind. This announcement comes shortly after Polycor’s recent acquisition of four limestone quarries in France in July, now positioning the company as a global leader in the natural stone industry.

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Water Resources and Development Act a Win for Industry

The U.S. Senate approved a reauthorization of the Water Resources and Development Act (WRDA) by a vote of 99-1,sending the two-year bill to the president’s desk. 

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Growth Predicted for Construction, Mining Equipment Investment

After solid growth in 2017, investment in equipment and software should remain strong in 2018 and is projected to expand 7.9 percent (up from 7.0 percent in the third-quarter Economic Outlook published in July) according to the fourth-quarter update to the 2018 Equipment Leasing & Finance U.S. Economic Outlook released by the Equipment Leasing & Finance Foundation. 

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North Dakota Faces $2.5 Billion Transportation Shortfall

While increased transportation investment in North Dakota, largely as a result of the state’s energy boom, has allowed numerous projects to proceed, additional investment is still needed to improve road and bridge conditions, enhance safety and accommodate projected growth, according to a new report from TRIP, a national nonprofit transportation research group based in Washington, D.C.

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Dodge Momentum Index Drops in September

The Dodge Momentum Index dropped 2.6 percent in September to 159.5 (2000=100) from the revised August reading of 163.7. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.   

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