Building sector fuels precast market’s projected 6.4 percent annual growth

Sources: Freedonia Group, Cleveland; CP staff

Led by architectural and structural building product demand, U.S. precast concrete shipments are on track to rise from $8.9 billion in 2013 to $12.15 billion in 2018. Time-saving and quality control advantages will enable precast to capture more market share from cast-in-place and steel alternatives over the next four years, according to the authors of a new Freedonia study.

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Precision, Hayes integration fosters synergy in pre-stressed, post-tensioned practice

Sources: Actuant Corp., Menomonee Falls, Wis.; CP staff

New York Stock Exchange-traded Actuant Corp. has announced Precision-Hayes International, the combining of two businesses with global reach and significant brand recognition, plus reinforced concrete construction and energy infrastructure market presence. The move completes an integration of Sugar Land, Texas-based Hayes Industries, which Actuant acquired in 2014, eyeing synergy with its Precision Sure-Lock business.

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