Comex exec moves over to PPG
PPG Industries announced that Marcos Achar Levy, previously chief executive officer of Comex, has been appointed vice president, architectural coatings, Mexico, and CEO, PPG – Comex. He will report to Michael McGarry, PPG chief operating officer.
PPG previously announced it had completed its acquisition of Comex.
“We are pleased to have Marcos Achar Levy and his leadership team join PPG,” McGarry said. “We look forward to continuing the successful traditions of Comex and working closely with the company’s concessionaire network.”
Makita nears a pair of century marks
Power-tool maker Makita is approaching its 100-year anniversary, plus the planned release of the 100th tool in its 18V LXT cordless tool line-up.
The company said ergonomics means more today than ever, the company says. Makita says it delivers tools that are more compact with less weight and have lower vibration.
2014 marked continued expansion and innovation with new Makita 18V and 18V brushless solutions, the world’s first cordless 7-1/4" circular saw powered by two 18V batteries, expanded Outdoor Power Equipment solutions (including cordless), the long anticipated release of the 2.0Ah and 4.0Ah batteries, enhanced Anti-Vibration Technology for select rotary hammers, and more.
"Raising productivity and reducing labor are driving forces in the construction world," said Ken Hefley, Senior Vice President, Marketing. "As 2015 approaches, Makita will continue to lead, and meet this demand with tools and accessories that help professional users solve problems and make them more efficient."
Housing starts: raw numbers and the million mark
There are good reasons for tracking housing starts as a seasonally adjusted annual rate. But purists like raw numbers.
Adjusted figures give us better month-to-month comparisons in an industry highly affected by weather, seasons and the calendar-driven influences of house shopping patterns. The latest SAAR of total housing starts from September stands at a pace of 1,017,000.
But how many actual houses have been built in the first nine months of the year? For the answer, we turn to the “not seasonally adjusted” figures from the U.S. Census. From January through September, there were 760,900 total housing starts. That’s up 9.5% from the same period last year.
Most forecasts are calling for the total housing start figure to finish the year at about the million mark — a figure unseen since 2007.
If the final three months of 2014 match the final three months of 2013, the industry will hit 990,700 housing starts for the year — just shy of the psychologically significant million-starts mark.
The Census will release the October data on Nov. 19.
[The above is a corrected version of an earlier article.]