Horizontal integration drives Martin Marietta’s pitch for Vulcan Materials

Sources: Martin Marietta Materials, Raleigh, N.C.; Staff reports

A stock-for-stock takeover Martin Marietta launched December 12 for Vulcan Materials Co. would create a heavy building materials powerhouse with aggregate shipments (2010 combined: 278 million tons) more than double those of its closest peers, Oldcastle Materials (118 million tons) and Lehigh Hanson Inc. (116 million tons), but limited additional scale in ready mixed concrete and asphalt production.

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Stronger 2011 construction equipment sales expected, but slower growth through 2014

Source: Association of Equipment Manufacturers, Milwaukee

Construction equipment manufacturers anticipate overall business to close out 2011 with double-digit increases over 2010 in the U.S., Canada and worldwide. Growth is expected to continue, but at a slower pace, for 2012 through 2014, according to the annual business outlook survey of AEM, the North American-based international trade group representing the off-road equipment manufacturing industry.

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Holcim to invest nearly $400 million in Ecuador

Source: Holcim Group, Zurich, Switzerland

In an effort to continue its commitment to the development of the construction industry in Ecuador, in late 2012, Holcim Equador will initiate an investment of nearly US$400 million to start building the second phase of its main cement plant expansion project in Guayaquil, an effort that will allow the South American country to sustain its growth in the coming decades, in a sustainable way.

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Cemex receives $600 million compensation for Venuzuela nationalization

Source: Cemex S.A.B. de C.V., Monterrey, Mexico

Cemex announced recently that it has received payment of US$600 million from the Government of the Bolivarian Republic of Venezuela and its public entity Corporación Socialista del Cemento, S.A. as compensation for the nationalization of Cemex Venezuela, S.A.C.A.. In addition, US$154 million of accounts payable by Cemex subsidiaries to Cemex Venezuela have been cancelled.

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