84 Lumber closes Ohio component plant
84 Lumber, the industry’s third largest LBM chain, has shut down its Pataskala, Ohio components plant, according to the Newark Advocate. The Eighty Four, Penn.-based pro dealer cited the downturn in the housing market for the closing.
An 84 Lumber store in Pataskala, which is 20 miles east of Columbus, Ohio, will remain open, according to the company. Spokesman Jeff Nobers told the newspaper that the facility will be put up for sale.
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James Hardie posts profit
James Hardie Industries, the Netherlands-based manufacturer of fiber cement and construction backboard, reported second-quarter sales of $341.9 million, a 12 percent drop over sales of $390 million in the same period last year. Net profit for the second quarter, which ended Sept. 30, 2008, was $36.2 million, excluding asbestos-related expenses and pay-outs. This figure reflected a 36 percent decline over profits of $49.2 million a year ago.
Earlier this month, the company announced the temporary closing of two production facilities, in Fontana, Calif., and Summerville, S.C., due to continued declines in U.S. housing starts. The market for renovations and repairs has also slowed, the company said in a statement.
Last year, James Hardie agreed to pay $3.3 billion to an asbestos compensation fund over the next 40 years.
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Women willing to spend more on eco-products
Women are more interested in green products than men are (by 57 percent versus 47 percent), according to the latest research results from the NPD Group. And women are willing to pay more for eco-friendly products. On the other hand, more men than women say that they are well-informed on the topic — which begs the question: Why do men say they know more but care less?
“While men may be well-informed and have less interest in the category than women, the question to ask is why,” said Mark Delaney, director of NPD Group’s home division, in a press release. “Is it the fact they are well-informed that is making them less interested, or is it a case where they don’t know what they don’t know?”
But while the gender differences are significant, general interest in green products — across demographic boundaries — is high. More than half of those surveyed think of themselves as extremely or very interested in green products. Recycled product use is high, at 65 percent, and about the same portion of those surveyed say they use CFL bulbs.
Another key finding in “Green 2008: Consumer Attitudes and Behaviors:” Green shoppers want energy-efficient items that save money. That suggests energy efficiency may be an easier sell than protecting the environment.
As part of its report on green, the NPD Group identified the top five environmentally friendly products consumers are currently using. They are: • Recycled products (65 percent); • CFL bulbs (64 percent); • Energy Star appliances (60 percent); • Rechargeable batteries (50 percent); and • Organic soap, detergent or household cleaners (26 percent).
The research also identified five top environmentally friendly products that consumers plan to use in the future: • Hybrid automobile (35 percent); • Recycled products (19 percent); • Organic soap, detergent or household cleaners (18 percent); • Energy Star appliances (16 percent); and • Organic beauty or cosmetic supplies (15 percent).