Surteco Promotes Phillips to CEO North America
Surteco Group SE, Buttenwiesen, Germany, has named Mike Phillips CEO of all of its North American businesses. Phillips previously served as CEO of Surteco North America’s paper group which includes BauschLinnemann and Suddekor. In the new expanded role, Phillips will now also oversee the plastics group including Doellkin and Canplast. See Surteco
Patrick Industries Expands and Names New President
Patrick Industries, Elkhart, IN, announced the construction of a new 60,000 square-foot manufacturing facility in La Porte, IN. The new facility will employ 30 employees. Additionally, Patrick Industries promoted Jeffrey M. Rodino to President. Rodino most recently served as Chief Sales Officer and Executive Vice President of Sales for the company. Andy L. Nemeth will
U.S. Remodeling Spending Growth Expected through 2022
The second quarter Leading Indicator of Remodeling Activity (LIRA) reported that remodeling and repair spending is expected to accelerate through 2021 and remain high through the middle of 2022, according to the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA predicts 8.6% growth in the second quarter of
Remodeling Industry Confidence Rises in Q2
U.S. remodeling confidence in the second quarter rose 14 points from the previous three months to 87, according to the National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI). The current market conditions indicator increased 2 points to 91 and the future indicators index lost 1 point to 83 over the first quarter. The
Canadian Construction Investment Down in May
Canadian building construction investment in May fell 1.9% from April to $19.4 billion (CAD). Residential construction decreased 2.7% to $14.8 billion, while non-residential totals inched up by 0.6% in May to $4.7 billion. Single-family spending declined 2.7% to $8.3 billion in May, and multi-unit levels dropped 2.6% from April to $6.5 billion. See Statistics Canada
Canadian Manufacturing Increases in May
Seasonally adjusted Canadian wood product sales in May were $5.43 billion (CAD), increasing 6.1% from April and 139.0% from the comparable month in 2020. Sales of furniture and related products totaled $1.06 billion, falling 2.0% from April but rising 27.8% from May 2020. Canadian manufacturing sales for all industries were down 0.6% from April to
Surteco Promotes Phillips to CEO North America
Surteco Group SE, Buttenwiesen, Germany, has named Mike Phillips CEO of all of its North American businesses. Phillips previously served as CEO of Surteco North America’s paper group which includes BauschLinnemann and Suddekor. In the new expanded role, Phillips will now also oversee the plastics group including Doellkin and Canplast. See Surteco
Patrick Industries Expands and Names New President
Patrick Industries, Elkhart, IN, announced the construction of a new 60,000 square-foot manufacturing facility in La Porte, IN. The new facility will employ 30 employees. Additionally, Patrick Industries promoted Jeffrey M. Rodino to President. Rodino most recently served as Chief Sales Officer and Executive Vice President of Sales for the company. Andy L. Nemeth will
U.S. Remodeling Spending Growth Expected through 2022
The second quarter Leading Indicator of Remodeling Activity (LIRA) reported that remodeling and repair spending is expected to accelerate through 2021 and remain high through the middle of 2022, according to the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA predicts 8.6% growth in the second quarter of
Remodeling Industry Confidence Rises in Q2
U.S. remodeling confidence in the second quarter rose 14 points from the previous three months to 87, according to the National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI). The current market conditions indicator increased 2 points to 91 and the future indicators index lost 1 point to 83 over the first quarter. The
Canadian Construction Investment Down in May
Canadian building construction investment in May fell 1.9% from April to $19.4 billion (CAD). Residential construction decreased 2.7% to $14.8 billion, while non-residential totals inched up by 0.6% in May to $4.7 billion. Single-family spending declined 2.7% to $8.3 billion in May, and multi-unit levels dropped 2.6% from April to $6.5 billion. See Statistics Canada
Canadian Manufacturing Increases in May
Seasonally adjusted Canadian wood product sales in May were $5.43 billion (CAD), increasing 6.1% from April and 139.0% from the comparable month in 2020. Sales of furniture and related products totaled $1.06 billion, falling 2.0% from April but rising 27.8% from May 2020. Canadian manufacturing sales for all industries were down 0.6% from April to
