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Safety Coalition: OSHA silica rule cost estimate off by $4.5 billion

Source: Construction Industry Safety Coalition, Washington, D.C.

The Occupational Safety and Health Administration’s proposed standards covering respirable crystalline silica will cost contractors and their suppliers $5 billion per year—nearly $4.5 billion above estimates agency officials indicated in September 2013, when they outlined a new permissible exposure limit (PEL) for construction and general industry workplaces.

Read more: Safety Coalition: OSHA silica rule cost estimate off by $4.5 billion

Cement and Concrete Day on Hill dovetails Transportation Coalition Fly-In

Source: Portland Cement Association, Skokie, Ill.

Cement and concrete interests will convene April 14-15 in Washington, D.C., joining participants in the annual Transportation Construction Coalition Legislative Fly-In. Organizers aim to stress to federal lawmakers the urgency of reauthorizing the Moving Ahead for Progress in the 21st Century Act (MAP-21) bill, set to expire at the end of May.

Read more: Cement and Concrete Day on Hill dovetails Transportation Coalition Fly-In

Private equity firm, HeidelbergCement close Hanson Building Products deal

Sources: HeidelbergCement AG, Germany; CP staff

Debt reduction-driven HeidelbergCement has completed the sale of Irving, Texas-based Hanson Building Products Ltd. to an affiliate of Lone Star Funds, a private equity firm with Dallas, New York and Frankfurt offices. The transaction is valued at about $1.3 billion, plus a sum up to $100 million payable next year depending on the concrete, clay and steel product business’ 2015 financial performance.

Read more: Private equity firm, HeidelbergCement close Hanson Building Products deal