Americas

Centennial Asphalt Company, a wholly-owned subsidiary of Granite Construction Incorporated, has completed the purchase of a liquid asphalt terminal.

Construction input prices rose 2.3% in May compared to the previous month, according to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics Producer Price Index data. Nonresidential construction input prices also increased 2.3% for the month.

The U.S. Geological Survey (USGS) will award $4.3 million to 33 state geological surveys to enable them to preserve vital geologic and geophysical data and samples as part of the USGS National Geological and Geophysical Data Preservation Program.

Associated Builders and Contractors (ABC) reports that its Construction Backlog Indicator increased to nine months in May from 8.8 months in April, according to an ABC member survey conducted May 17 to June 3. The reading is up one month from May 2021.

Caterpillar is packing up its headquarters from its longtime home U.S. state of Illinois and moving to Texas.

Ecuador's largest ever affordable housing project has used Holcim's ECOPact low-carbon concrete for a 3,500 unit housing development.