Registration still open for Concrete Sustainability Conference

Source: National Ready Mixed Concrete Association, Silver Spring, Md.

The 2011 International Concrete Sustainability Conference, hosted by the National Ready Mixed Concrete Association takes place August 9-11, in Cambridge, Mass., at the Hyatt Regency Cambridge and the Massachusetts Institute of Technology campus. The sixth annual Conference will provide learning and networking opportunities on the latest advances, technical knowledge, continuing research, tools and solutions for sustainable concrete manufacturing and construction.

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IEEE West Coast set for October 13-14 in Texarkana, Texas

Source: IEEE West Coast

The 2011 IEEE West Coast Conference Committee has assembled an informative technical session focusing on the latest issues affecting the cement industry. Set for Oct. 13-14, this year’s conference will take place in Texarkana, Texas, central to a large number of cement facilities. The event provides the opportunity and the technical venue where vendors and cement producers can address key issues and problems facing the industry.

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

Sources: Portland Cement Association, Skokie, Ill.; Staff reports

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. A federal default stemming from the absence of a higher debt ceiling would affect business, consumer and bank confidence, leading to a rise in interest rates and the likelihood of forced government austerity spending measures. Such moves, in turn, could depress highway and other government construction programs at the federal and state level.

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Top two TXI shareholders’ stake surpasses 40 percent

Sources: Securities & Exchange Commission; Staff reports

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.

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