Construction of the $41 million production facility was completed within 1 year

KATY, Texas (June 7, 2016) – Kobelco Construction Machinery USA recently celebrated the opening of its new hydraulic excavator production facility in North America. Construction of the $41 million facility was completed within 1 year and presently, it’s ramping up to mass produce 1,800 units/year.

Commercial portion of the index is at its highest level since September 2015

NEW YORK (June 7, 2016) – The Dodge Momentum Index rose 2.4 percent in May to 119.4 from its revised April reading of 116.6 (2000=100). The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.