Data show drop in appliance shipment values
Recently released data from the U.S. Census Bureau’s 2012 Economic census shows that the value of household appliance manufacturing shipments dropped 10.8% to $4.3 billion, down from nearly $5 billion in 2007.
The drop in shipping value comes along with other decreases in the industry — including a decrease in the number of people it employed in 2007.
The number of people employed by cooking appliance makers is down 34%, similar to the drop seen among small electrical appliance manufacturers. Both are lower than the 38% decrease in employees at companies that make refrigerators and freezers.
Though there are fewer workers making cooking appliances and small electrical appliances the average employee in both industries is making more money.
Among cooking appliance manufacturers, the average payroll per employee is at $37,143—a 23% increase over a 2007 employee’s salary of $30,199. With small electrical appliance manufacturers, employees are making $39,014 per year, which is a 15.8% increase over 2007.
Overall, shipment value decreased 10.8% for cooking appliance manufacturers to $4.3 billion, a little lower than the 13.9% decrease in shipping value among small electrical appliance makers. Both fared better than fridge and freezer makers, who saw a 36.8% decrease in shipping value — $from $5.8 billion in 2007 to $3.6 billion in 2012.
Benjamin Moore launches vinyl siding paint in select markets
Benjamin Moore is expanding its line of Regal Select Exterior paint with a new product made to adhere better to vinyl siding.
Customers in the Northeast and Midwest, as well as New Englanders will be able to buy the company’s new Revive paint, which contains Vinyl-Lock technology, which prevents peeling and fading once the paint has been applied.
The new product comes after the company conducted a study that found that respondents considering painting vinyl siding would prefer a product made specifically for that purpose.
“Benjamin Moore is excited to once again provide the paint and colors to meet the needs of today’s homeowner, no matter the surface,” Benjamin Moore President and CEO Mike Searles said. “With Revive, our customers can be confident their vinyl siding will get the durability and protection it deserves, along with the color freedom expected from Benjamin Moore.”
The company plans to roll out Revive throughout the U.S. later this year.
Snavely Forest Products chosen as Accoya wood distributor
Accsys Technologies, a London-based high-tech wood manufacturer, has chosen Snavely Forest Products as one of the U.S. distributors of its Accoya wood.
The wood—which is currently available in a handful of U.S. stores — goes through a process that prevents insect damage and fungus by replacing water-bonding molecules with more stable ones.
Snavely’s will focus on distributing Accoya in Colorado, Pennsylvania, Texas, Maryland and North Carolina. Accsys’ director of sales and marketing, Bryan Crennell, said that the partnership “signals targeted expansions of Accoya in the U.S.”
“Accoya is an innovative wood product, with excellent performance properties that are ideal for the U.S. market,” said Snavely VP, marketing, Clark Spitzer, said. "Its durability, strength, and stability make it particularly well suited to the range of applications we will develop.”