rcent reduction is a 50 percent reduction in the company's gross margin.
Worldwide, the construction industry is growing at an annual rate of about 4%, while the building materials business generates about $79 billion annually. More than any other economic sector, construction is the world's biggest employer. Traditionally (at least dating from 1956 to around 1970) American building contractors accounted for 90% of the world's construction. The construction power shift has moved from the United States to
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