Month: February 2018

  • Builders FirstSource Reports Fourth Quarter And Fiscal 2017 Results

    Builders FirstSource, Inc. reported its results for the fourth quarter and Fiscal year ended December 31, 2017. 2017 net sales were $7.0 billion, a 10.5 percent increase over 2016. Sales, excluding closed locations, grew 10.7 percent, including 6.2 percent from the impact of commodity price inflation on sales. Sales volume,…

  • Lowe’s Deepens Its Partnership With Sherwin-Williams In The Paint Aisle

    Sherwin-Williams is making Lowe’s the only nationwide home center to offer Sherwin’s popular brands including Minwax, Cabot and Thompson’s Water Seal. For home improvement stores like Lowe’s, the paint category helps bolster sales. Lowe’s aims to keep pace with rival Home Depot, which recently announced plans to sell Tesla’s solar…

  • Owens Corning Pitches Products In Hopes Of Fixing Crumbling Infrastructure

    About 70 civil engineers and others in related construction fields gathered at Owens Corning World Headquarters on Tuesday essentially to allow the building products maker to tout its latest construction products made from composites. But while the three-hour “Sustainable Infrastructure: Building to Last” forum may have had the slight feel…

  • Allegion Forms Alliance with European Smart-home Innovator Nuki

    Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has made, through one of its subsidiaries, a minority investment in European smart-home innovator Nuki GmbH Founded in Austria in 2014, Nuki’s cornerstone product is a retrofit residential smart lock. The Nuki Smart Lock, which is easily installed on top…

  • Armstrong World Industries Reports Fourth Quarter And Full Year 2017 Results

    As reported net sales of $214.3 million, up 9% versus the prior year quarter, with both Mineral Fiber and Architectural Specialties segments contributing to growth; Operating income from continuing operations of $51.7 million, up 28% versus the prior year quarter; Adjusted EBITDA up 9% versus the prior year quarter driven…

  • Establishment of Daikin Chemical Southeast Asia Co., Ltd.

    Daikin Industries, Ltd., has established DAIKIN CHEMICAL SOUTHEAST ASIA CO., LTD., (Head Office: Bangkok, Kingdom of Thailand) with operations beginning from January 1, 2018. In addition to providing a stable supply of refrigerant gas for air conditioners and boosting sales of fluoropolymer and fluoroelastomer products to the automotive industry, the…

  • SPX Flow Secures Hinkley Point C Nuclear Pump Contract

    The 16 ASG and RRI pumps will be delivered via the ClydeUnion Pumps factory in Annecy, France. The ASG (Emergency Feedwater System) supplies the required rate of water to the steam generators secondary side if all the systems contributing to normal supply of the steam generators are unavailable. The RRI…

  • Emerson: Mine Operation Doubles Production, saves Thousands of Dollars with Wireless Technology

    A sodium bicarbonate plant in Colorado used Emerson’s wireless transmitters to save thousands of dollars on a mine expansion project that had to meet tough regulatory standards. When the Natural Soda company recently doubled the capacity of its Colorado sodium bicarbonate production facilities, it faced the cost of hardwiring measurement…

  • Kingspan: Results For The Year Ended 31 December 2017

    Financial Highlights: Revenue up 18% to €3.7bn, (pre-currency, up 20%). Trading profit up 11% to €377.5m, (pre-currency, up 14%). Acquisitions contributed 9% to sales growth and 8% to trading profit growth in the year. Group trading margin of 10.3%, a decrease of 70bps. Basic EPS up 11% to 159.0 cent.…

  • Construction’s Contribution To U.S. Economy Highest In Seven Years

    According to a report released today by Associated Builders and Contractors, the private construction industry’s value added as a percentage of the nation’s real gross domestic product (GDP) rose to 4 percent in 2016, the highest level since 2009. The report also shows annual growth in real construction spending, which…

  • UFP Reports Record Fourth Quarter And Annual Results

    Universal Forest Products, Inc. (Nasdaq: UFPI) today announced record net earnings and net sales for the fourth quarter and full year 2017. The Company posted these results in a quarter and year that had one less operational week compared to 2016. In 2016, the extra week accounted for over $60…

  • Anadarko. EDF Sign Mozambique LNG Sales Pact

    Houston-based Anadarko Petroleum announced Tuesday its Mozambique joint venture has signed a long-term liquefied natural gas sale agreement with Elecricite de France, Kallanish Energy reports. The off-take agreement calls for the supply of 1.2 million metric tonnes of LNG per year (MTPA) for a term of 15 years. The deal involves Mozambique…

  • 3 New Acquisitions To Increase Kingspan’s Global Footprint And Turnover

    Three new acquisitions announced by the Kingspan Group in December 2017 are expected to substantially increase the turnover of the organisation. The insulation giant, which spent more than €630m on ten new acquisitions in 2017, is expecting to turn over around €750m annually from these acquisitions alone. The proposed full…

  • Owens Corning Reports Fourth-Quarter And Full-Year 2017 Results

    Company delivered $289 million of net earnings and record adjusted EBIT of $855 million; Roofing produced revenue of $2.6 billion and EBIT of $535 million; Composites posted EBIT of $291 million, a fifth consecutive year of improved performance; Insulation increased revenue by 14% and delivered EBIT of $177 million, up…

  • Harbor Freight Tools Plans Spring Opening in Chillicothe Mall

     A discount tool retailer will make Chillicothe its 33rd Ohio location when it moves into the former hhgregg building in the Chillicothe Mall later this spring. Harbor Freight Tools confirmed for the Gazette this week that it plans to occupy the roughly 15,000-square-foot building at 1059 N. Bridge St. with…

  • Apogee Closes Utah Glass Plant

    Apogee, the parent company to EFCO Corporation in Monett, has announced a reorganization of its architectural glass restructuring division that will have no negative impact on local manufacturing. “As part of our initiatives to diversify and strengthen our business for more stable performance in any economic cycle, Apogee is making…

  • Innovative Glass Corporation Partners With Saint-Gobain To Become Its Exclusive Representative Of SageGlass® In The New York/Tristate Region

    Innovative Glass Corporation, manufacturer and distributor of dynamic glass solutions, is pleased to announce a strategic alliance with Saint-Gobain, makers of electronically tintable SageGlass®, to become the company’s exclusive Sales Representative in New York, New Jersey and Connecticut. This partnership enables Innovative Glass to offer another high-quality, yet cost-effective and reliable exterior smartglass solution…

  • Westlake Chemical Corporation Announces Record 2017 Fourth Quarter And Full Year Results

    Westlake Chemical Corporation reported record net income attributable to the Company for the three months ended December 31, 2017 of $802 million, or $6.15 per diluted share, on net sales of $2,010 million. Net income for the fourth quarter of 2017 included a one-time, non-cash tax benefit of approximately $591…

  • LafargeHolcim To Invest CHF 200 Million To Drive Further Growth In India

    LafargeHolcim will strengthen its presence in India with the construction of a new cement plant in the state of Rajasthan in the North of the country. The CHF 200 million investment will serve customers in the North, including Delhi. Jan Jenisch, Group CEO of LafargeHolcim, said: “India is the second…

  • Allegion Reports Fourth-quarter, Full-year 2017 Financial Results, Provides 2018 Outlook

    Full-year 2017 EPS of $2.85, compared with 2016 EPS of $2.36; 2017 adjusted EPS of $3.96, up 18.6 percent compared with 2016 adjusted EPS of $3.34; Full-year 2017 revenue of $2.41 billion, up 7.6 percent compared to 2016 and up 5.7 percent on an organic basis; Full-year 2017 available cash…

  • New $135 Million Lumber Plant Announced In Warrenton, Georgia

    Georgia‐Pacific today announced it will build a new softwood lumber production facility in Warren County, Georgia, on property adjacent to its existing lumber mill. Construction of the $135 million, 340,000‐square foot, technologically advanced plant is scheduled to begin in the summer of 2018 with an anticipated startup in spring 2019.…

  • Bespoke HVAC Solution for Helium Production Plant

    Design and fabrication specialists Veotec have designed a HVAC solution for an Ingersoll Rand compressor to be used at the new helium production plant in Qatar. The system provided a pulse jet filter house for the work on the Helium 3 Project: the helium production facility. Due to the 540C…

  • EDF Energy Profits Plunge After Fall in Energy Usage

    EDF Energy profits have plunged due to a drop in energy consumption and lower power prices during 2017. Earnings before interest, tax, depreciation and amortisation (EBIDTA) fell 36 per cent year-on-year to £899 million. The company reported a £3 million loss on the basis of earnings before interest and tax…

  • Daikin Opens First Showroom in the UAE

    Daikin, in collaboration with Al Motaheda Electrical and Mechanical Works, has opened its first showroom in in the UAE The showroom is located in Al Ain Town Centre, in the Abu Dhabi province of Al Ain, and will feature the complete DX and VRV air conditioning range. The opening ceremony was attended by HE Sheikh…