Cornerstone moves, expands its wares
Cornerstone Specialty Wood Products is expanding its product line beyond its signature mezzanine flooring — and is relocating to a new custom-designed space in the process.
The location includes room for future expansion, a testing and research facility, tech-savvy conference rooms, customer support centers and an employee fitness area.
"The new location was customized to fit our specific needs for customer care, partner support, state of the art research and employee benefits," said president Greg Doppler.
The company will be moving to 12020 Tramway Drive in Cincinnati this Friday. Phone, fax and email contact information will remain the same.
Liquidmetal Technologies strikes deal with TM&S
Bulk alloy developer Liquidmetal Technologies has signed a Manufacturers’ Represenation Agreement with Technical Marketing and Sales, a sales and marketing firm that specifically deals in specialty metals.
TM&S specializes in Powder Metal and MIM (Metal Injection Molding) parts. Bruce Bromage, Liquidmetal’s EVP of business development and operations, said in a statement that TM&S customers often note the cost and performance advantages of using Liquidmetal products.
“Liquidmetal technology fills a critical gap for design engineers and sourcing professionals that need high precision parts in volume, and especially for those applications that require high quality surface finish or strength," said Derek Rasmussen, president of TM&S.
Housing starts decline 9.9%
The Commerce Department’s residential construction report released Wednesday morning showed an unexpected downturn for housing starts.
Housing starts in June were at a seasonally adjusted annual rate of 836,000. That’s down 9.9% from the upwardly revised May estimate. Compared with a year ago, however, June starts were up 10.4%.
May’s starts figure was revised upward from 914,000 to 928,000. Analysts had expected a June figure above 950,000.
Building permits also disappointed. Permits came in at a pace of 911,000 — down 7.5% from the previous month. Compared with a year ago, building permits were up 16.1% from a very weak June 2012.
Single-family housing starts were less volatile in June, showing a decline of 0.6% and an annual rate of 624,000.