Boise executive to retire; new appointment made
Boise Cascade’s building materials distribution division has announced that Dale Catt will retire on March 1 after 40 years in the LBM business.
Catt has served in many positions and locations for Boise Cascade and Bohemia Lumber. Since 1991, he has held the position of Boise Cascade’s commodity procurement manager.
Assuming his job and responsibilities will be Scott Sunday, effective March 2. Sunday has been active in both the retail and wholesale segments of the industry since 1984. He began his career with Boise Cascade in 1997 and has held various commodity and management positions at the location, region and division level.
Firms turning to Chinese solar panels
Two San Diego firms that focus on large, commercial and government solar power projects have announced they’re procuring their solar panels from Chinese manufacturers, according to an article in the San Diego Union.
Borrego Solar, a San Diego developer, has signed a supplier deal with Yingli, a Chinese maker of photovoltaic cells, doubling its previous commitment. Borrego used Yingli panels on two local government projects, the San Diego Community College District and the San Diego County Water Authority.
As part of the agreement, Yingli will supply more than half the solar panels installed by Borrego this year.
Sempra Generation, another San Diego company, said this month it would get the majority of its solar panels for a massive solar farm it is building in the Arizona desert from a Chinese maker.
LP CEO: No ‘sissies’ left in the business
Louisiana-Pacific CEO Rick Frost has a theory as to why the LBM industry isn’t seeing more consolidation.
"It’s over-simplistic and you’ve heard me say it and everybody laughs at me when I do, but there aren’t any sissies left in this business," he said during the company’s fourth-quarter earnings call. "Nobody wants to give up their shop and let somebody else own them. It’s my opinion."
Frost was responding to a question from analyst Mark Wilde, of Deutsche Bank, who asked why the industry hasn’t seen more consolidation given the "extent and duration of this downturn in the housing market."
LP CFO Curt Stevens added that the channel has seen 7,000 yards close.
The company posted sales and earnings gains for the year and the quarter ended Dec. 31, 2010.