The construction industry will need to attract an estimated 546,000 additional workers on top of the normal pace of hiring in 2023 to meet the demand for labor, according to a proprietary model developed by Associated Builders and Contractors. “The construction industry must recruit hundreds of thousands of qualified, skilled construction professionals each year to […]
Huber Engineered Woods to Pursue New Location for its Sixth Mill to Meet Market Demands for its Specialty Products
Leading specialty building products manufacturer Huber Engineered Woods LLC (“HEW”), a subsidiary of J.M. Huber Corporation, announced today that, due to delays, it will no longer develop its new oriented strand board (“OSB”) facility in Cohasset, MN, as originally intended and announced in June 2021. HEW is committed to meeting growing market demand for customers […]
Magnus Ornberg New CFO of Sodra
Magnus Örnberg has been recruited as the new Chief Financial Officer (“CFO”) of Södra. He has extensive experience in all areas of finance and most recently served as CFO of SAS. Södra refine and renew family forestry. To succeed with this mission, the association’s 51,000 forest-owning members and 3,300 employees work together to develop the value […]
Mohawk Industries Reports Q4 2022 Results
Mohawk Industries, Inc. today announced fourth quarter 2022 net earnings of $33 million and diluted earnings per share (EPS) of $0.52. Adjusted net earnings were $84 million and adjusted EPS was $1.32, excluding restructuring, acquisition and other charges. Net sales for the fourth quarter of 2022 were $2.7 billion, a decrease of 4.0% as reported and 1.3% on a constant currency and […]
Commercial Metals Company Announces Appointment of Robert S. Wetherbee to Board of Directors
Commercial Metals Company (NYSE: CMC) today announced that it has named Robert S. Wetherbee to the Board of Directors, effective March 21, 2023. Mr. Wetherbee brings more than 40 years of professional experience to CMC’s Board. He currently serves as the Board Chair, President and Chief Executive Officer of ATI Inc., a global producer of high-performance materials and […]
Tractor Supply Announces Three-year Contract Extension for President and CEO Hal Lawton and Board Succession Plans
Tractor Supply Company, the largest rural lifestyle retailer in the United States, announced the extension of President and Chief Executive Officer Hal Lawton’s employment contract and key transitions on its Board of Directors. The Board of Directors has elected long-standing member Edna Morris as Chairman of the Board. Morris will succeed Cynthia Jamison, who is […]
CP and United Steelworkers Local 1976 Reach Tentative Collective Agreement
Canadian Pacific (TSX: CP) (NYSE: CP) today announced it has reached a tentative collective agreement with the United Steelworkers (USW) Local 1976 covering approximately 550 administrative support and intermodal employees in Canada. “By working collaboratively with our valued union partners, we’ve reached another negotiated tentative agreement this year,” said Keith Creel, CP’s President and CEO. […]
Freddie Mac: Mortgage Rates Increase Slightly in Latest Report
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.12 percent. “Following an interest rate hike from the Federal Reserve and a surprisingly strong jobs report, mortgage rates increased slightly this week,” said Sam Khater, Freddie Mac’s Chief Economist. “The 30-year fixed-rate continues to hover […]
Saint-Gobain Acquires Asphalt Shingle Recycling Technology
Saint-Gobain North America, through its building products subsidiary CertainTeed Roofing, has acquired the rights to technology from recycling partner Asphaltica that will allow the company to recycle asphalt shingle waste, diverting it from landfill and furthering the company’s commitment to creating a circular economy in its production of roofing shingles. The proprietary technology from Asphaltica […]
Trex Named 2023 America’s Most Trusted® Composite Decking Brand
Trex Company, the world’s largest manufacturer of wood-alternative composite decking and railing, and leader in high-performance, low-maintenance outdoor living products has been named the 2023 America’sMost Trusted® Composite Decking brand, according to a nationwide study by Lifestory Research. This is the third year in a row that Trex® has earned the #1 ranking in the organization’s annual brand trust study. […]