Hyster Co. and Yale Materials Handling Corp. parent Nacco Materials Handling Group, Inc. (NMHG) recently hosted Representative John Shimkus (R-IL-15) for a tour of its Danville, Ill., operation.
Day: October 25, 2014
Construction equipment industry: $57 billion, 370K jobs
A new Association of Equipment Manufacturers report highlights the construction equipment industry’s link to hundreds of thousands of high-paying jobs and billions in economic activity. Authored by Inforum, a University of Maryland research organization, “The Economic Footprint of the Construction Equipment Industry on the U.S. Economy” underscores business growth over the last decade, plus threats posed by diminishing government investment in infrastructure projects and eliminating support for manufacturing exports.
NLRB clears path for Operating Engineers decertification vote at Allied Stone
In a case involving a crushed stone operation of Moline, Ill.-based RiverStone Group Inc., the National Labor Relations Board affirms a contract bar doctrine limiting to three years the window during which a collective bargaining agreement restricts unit members from pursuing a vote to decertify their union.
Market conditions favor Hanson products business public offering
The most recent proposed initial public offering of a business featuring U.S. and Canadian concrete production assets, Votorantim Cementos, was withdrawn with little explanation last fall. As presented by Brazil’s Votorantim Industrial S.A., the IPO encompassed a portfolio of cement and concrete operations in the Americas, Europe and Africa, and had a target value hovering $5 billion.Read More