President Trump has officially signed the "Tax Cuts and Jobs Act" into law providing tax reform that will aid American companies competing on the world economy.
Strengthening economic conditions supported by tax reform will play key roles in the demand for concrete and other key construction materials for needed rehabilitation of existing projects as well as new construction.
CalPortland will be one of the US companies benefiting, and will be able to provide critical materials required to improve the quality of life and to help build and rebuild America.
The tax reform has encouraged economic momentum, increasing jobs and allowing CalPortland to invest in its business throughout western US.
“We are excited about the future. The combination of the new tax legislation and reduced bureaucratic red tape will allow American manufacturing to once again compete in world markets," said Senior Vice President Steve Regis. "CalPortland is proud of its record on safety compliance, environmental compliance, and energy conservation, however, the company also recognises the importance of cutting the red tape that has been restricting America with burdensome regulations."
Read the article online at: https://www.worldcement.com/the-americas/22022018/us-tax-legislation-will-reduce-rates-for-construction-firms/
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The company's operating result has risen to a record level – group revenue is at €21.2 billion (+4%), with the result from current operations (RCO) at €3.0 billion (+29%).