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TXI Completes Spin-Off of Chaparral Steel
 
    DALLAS, July 29 /PRNewswire-FirstCall/ -- Texas Industries, Inc.
(NYSE: TXI) today announced the completion of the separation of its steel
operations from TXI through a pro-rata tax-free dividend of all the common
stock of Chaparral Steel Company to TXI shareholders.  Common shares of
Chaparral Steel Company will trade on the NASDAQ stock exchange under the
symbol: CHAP.
    TXI is the largest producer of cement in Texas and a major cement producer
in California. TXI is also a major supplier of construction aggregates,
ready-mix concrete and concrete products.
SOURCE Texas Industries, Inc.



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  • http://www.txi.com
    CONTACT:
    Kenneth R. Allen, Vice President and
    Treasurer of Texas Industries, Inc., +1-972-647-6730, or fax,
    +1-972-647-3964, or investor@txi.com
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