Eastman Chemical discontinues Perennial Wood
Perennial Wood was once touted as a “modified” lumber product and next-generation decking material.
After a two-year run, it is being discontinued.
Kingsport, Tenn.-based Eastman Chemical Co. has decided to discontinue the Perennial Wood product line and business operations, the company announced today.
“A lot of talented Eastman employees and external partners worked very hard on this project, and this outcome is not a reflection of their dedication or hard work,” said Tim Dell, VP innovation, marketing, sales and pricing at Eastman. “Additionally, this decision was not made based on product performance, but rather on the challenging economics of the product market.”
Perennial Wood was introduced to the building and construction trade back at the 2012 International Builders’ Show. It was described as real wood with a modified cell structure that made it more stable and durable than “unmodified” wood.
With no signs of an imminent discontinuation, the Eastman Chemical published the winners of the Perrenial Wood Pro Challenge Deck of the Year in November.
Eastman said it will honor the 25-year limited residential warranty for product sold at retail under the Perennial Wood brand name. It also said the company remains “committed to ongoing professional relationships with its customers and will provide continued support during this transitional time.”
The company added that the building and construction market remains a priority and this decision does not impact other Eastman products.
Weyerhaeuser posts a strong 2013
Federal Way, Wash.-based Weyerhaeuser posted net earnings of $540 million for the full year 2013, up from $385 million in 2012.
Net sales for the year were $8.5 billion, up from $7.1 billion in 2012.
The company noted that in 2013 it doubled earnings before special items, increased its per share dividend by nearly 30% and announced a deal to combine its real estate operation with TRI Pointe Homes. It also acquired about 645,000 acres of timberlands in the Pacific Northwest through the purchase of Longview Timber.
"As 2014 begins, we are relentlessly focused on driving operational excellence to fully capitalize on improving markets and deliver value to our shareholders," said President and CEO Doyle Simons.
In the fourth quarter, Weyerhaeuser’s net sales were $2.26 billion, up from $2.00 billion in the same quarter last year. Fourth quarter net earnings declined from $143 million in last year’s quarter, to $43 million.
BMC introduces BMC Design
Boise, Idaho-based BMC launched a brand extension called BMC Design, aimed at boosting service for existing customers and appealing to homeowners, designers and architects.
BMC describes the new service as “elevated customer service, additional support and a sophisticated experience that builders can share with their buyers as a valuable project-development tool.”
BMC CEO Peter Alexander said the new brand brings the company’s industry-leading specialists to help inspire and guide product selection, while aslo managing expectations and budgets. “Whether your goal is to deliver on a home buyer’s vision, increase sales or differentiate your company from other builders, BMC can help you achieve that goal,” he said.
Additionally, the company unveiled its first BMC Design Center in Salt Lake City in November. BMC plans to have a BMC Design Center in each of its markets within the next two years.
“BMC Design is all about product selection and customer experience,” Alexander said. “You’ll be working with certified Product Specialists in millwork, windows and cabinetry to select your options. BMC handles everything else, with service you can count on from order to delivery.”
BMC operates in 16 markets in 10 states, eight of which are in the top 25 single-family construction markets, and has nearly 4,000 employees.