Masonry Magazine December 2016 Page. 45
INDUSTRY NEWS
News continued from page 40
groups, and was the company's investor relations leader.
After his tenure with Newell, Porter joined Chamberlain Industries as its executive vice president, corporate development, and then served as president and COO of its Controlled Products Systems Group. He holds a bachelor's degree in accounting from the University ofWisconsin.
Boral Sells Its 40 Percent Interest in Boral CSR Bricks Joint Venture
Boral Lim.ited has agreed to sell its 40 percent interest in the Boral CSR Bricks joint venture to CSR Ltd for a total cash consideration of $133.9 million. The sale was expected to be effective Nov. 1, 2016. In the year to June 30, 2016, Boral recognized an equity-accounted post-tax earnings contribution of$11.7 million from its 40 percent interest in thejointventure. As a result of the divestment, Boral expects approximately a $6.5 million lower equity earnings contribution in FY2017 relative to FY2016.
Boral will recognize a $20-25 million post-tax profit on the sale, which will be reported as a significant item in FY2017.
Boral retains ownership of the Scoresby brick site in Victoria, and will continue to lease itto CSR. Boral has an option to terminate the lease in 2025 with three years' prior notice.
Boral's CEO and managing di�rector, Mike Kane, said that while the joint venture has performed well and delivered significant synergies follow�ing integration of the two businesses, "now is the right time to realize value for the business and redirect capital to Boral's core operations in line with our strategy:'
Utah Masonry Council 2016 Excellence in Masonry Design, Lifetime Service Awards
The deadline for entries for the Utah Masonry Council 2016 Excel�lence in Masonry Design Awards is Friday, Dec. 9, 2016. Take your photos and submit your 2016 projects at www. utahmasonrycouncil.org. Then make plans to join the Utah Masonry Coun�cil for the 2016 Awards Dinner on Jan. 27, 2017, at the Marriott City Center Hotel, Salt Lake City, Utah. The as�sociation's Lifetime Masonry Service Award will also be presented at the dinner to the person who has provided
OSHA Releases Small
Entity Compliance Guide
for Respirable Crystalline
Silica
OSHA has announced that its Small Entity Compliance Guide for Construction is now available in regard to the Final Rule on crystalline silica released earlier this year.
The guide is intended to help small business employers comply with the rule by explaining each requirement in easy-to-understand language. Enforcement of the final rule in construction is due to begin June 23, 2017. IMAS
42 I MASONRY � December 2016 � www.masoncontractors.org
a lifetime ofservice and demonstrated exceptional skill and dedication to the masonry industry. Submit your nomi�nations for this award today.
Winners of Second Annual I BUILT THIS! Video Contest Announced
NCCER and Build Your Future are proud to announce the 2016 I BUILT THIS! Video Contest winners. Winners were chosen based on how closely they followed the contest rules.
The 2016 winners are as follows:
SECONDARY
First Place: Max Roeder, Springdale
District Television
SecondPlace:Simon Anderson,
Mahomet-Seymour High School
POST-SECONDARY First Place: Sebastian Diffey, North Arkansas College
HONORABLE MENTION
Hunter Alums, Uncommon Construction
The entries were required to showcase projects that are relevant to the construction or maintenance industries, using a 1-to 3-minute video overview ofthe entire project.
For more information about the contest and to watch the winning videos, visitwww.nccer.org/i-built-this.
General Shale's N.C. Locations Win Top State Safety Awards
General Shale, a longtime provider of brick for high-quality commercial and residential projects throughout the nation, has received the North Carolina Department of Labor's top annual safety awards for a production facility and several retail locations across the state.
For the fifth consecutive year, the North Carolina Department ofLabor presented the Gold Award, which recognizes outstanding health andsafety efforts in 2015, to eachofGeneral Shale's retail locations in Charlotte, Kernersville and Raleigh. General Shale's retail location in Wilmington received the
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