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Carew Concrete chief to testify on proposed union election rule changes

Sources: Office of U.S. Representative John Kline (R-MN); National Ready Mixed Concrete Association, Silver Spring, Md.; CP staff

By Don Marsh

John Carew, president of Concrete Concrete & Supply Co., is one of five industry representatives or federal labor policy experts scheduled to testify July 7 at a Capitol Hill hearing titled "Rushing Union Elections: Protecting the Interests of Big Labor at the Expense of Workers' Free Choice."

Read more: Carew Concrete chief to testify on proposed union election rule changes

PCA economist: Debt crisis could usher 13 percent cement consumption drop over 2011-12

Sources: Portland Cement Association, Skokie, Ill.; CP staff

Inaction by Congress and the White House on the federal debt ceiling could derail the fragile U.S. economic recovery, spurring a second recession and adversely impacting cement shipments, according to a recent PCA report.

Read more: PCA economist: Debt crisis could usher 13 percent cement consumption drop over 2011-12

New research illustrates maximizing state infrastructure funds

Source: Portland Cement Association

The effective and efficient use of three performance management tools, already partially deployed in many states, could result in significant cost savings to state departments of transportation, according to research recently commissioned by PCA.

Read more: New research illustrates maximizing state infrastructure funds

Grace Construction Products seals De Neef deal

Source: Grace Construction Products, Cambridge, Mass.

Grace has closed on privately held De Neef Conchem Group, which supports global concrete protection and repair materials sales from U.S., Belgium (headquarters) and Spain production facilities.

Read more: Grace Construction Products seals De Neef deal

Top two TXI shareholders’ stake surpasses 40 percent

Sources: Securities & Exchange Commission; CP staff

A series of late-June trades has positioned Memphis-based Southeast Asset Management Inc. and its Longleaf Partners Small-Cap Fund with nearly 5.8 million of Texas Industries’ approximately 27.9 million outstanding shares of common stock. The trades were completed at just under $40/share—versus a July 5 closing price of $41.90—and consolidate a Southeast Asset/Longleaf TXI stake of about 20.7 percent. Citing interest in “undervalued companies,” Longleaf Partners effected its first major TXI trade, equating to a 12.7 percent stake, in fall 2006.

Read more: Top two TXI shareholders’ stake surpasses 40 percent