Eco Building Products opens up shop in New Jersey
Eco Building Products is opening up a new Eco Red Shield coating facility in Fairlawn, N.J., this August. The new location, featuring rail service and a lumberyard, comes in time for the state’s Sandy Rebuild residential recovery and mold mitigation effort.
Additionally, Eco Red Shield protective lumber will also be hitting shelves around the Tri-State area, providing an alternative to mold, fire and rot-prone raw lumber.
"If someone were to go really deep in plywood inventory down in the South during this really slow housing market, come hurricane season that would be labeled as a brilliant move," said Steve Conboy, president and CEO of Eco Building Products. "The fact that Eco Red Shield appeared in and around the Sandy Rebuild, and now with it on the shelf in a big box; this was no accident. This product line looks likes it was designed for a rebuild."
According to the company, the strategic location of the new facility will enable Eco Building Products to produce enough lumber to satisfy local market requirements.
Weyerhaeuser’s net earnings quadrupled in Q2
Weyerhaeuser’s recently released second-quarter results highlighted more than one major milestone for the company.
On a year-ago basis, net earnings before special items quadrupled to $196 million, compared with last year’s second-quarter earnings of $47 million.
Net sales increased by approximately 20% to a post-recession record of $2.1 billion.
“This was a milestone quarter for Weyerhaeuser,” said Dan Fulton, president and CEO. “We moved forward both strategically and operationally with the acquisition of Longview Timber and by delivering strong operating results in this improving housing market.”
Lumber sales volumes improved 13% compared with the first quarter, and sales volumes for most other products improved slightly. Earnings from disposition of non-strategic timberlands increased $11 million compared with the first quarter.
The company also acquired 645,000 acres of timberlands in Washington and Oregon this quarter.
Granite taps Martin Matheson to head California division
Granite Construction has a new senior VP and manager of its California division. Martin "Pete" Matheson, a Granite mainstay for the past 22 years, will step into the role, effective Aug. 1.
Matheson will oversee bidding and building in California, as well as lead with his expertise in strategic planning, forecasting and quality control, among other areas.
“Throughout his career, Pete has demonstrated his industry knowledge and strong operational skills in all areas of the construction business,” said Granite president and CEO James H. Roberts. “His background and proven leadership in our vertically integrated business, coupled with his unparalleled work ethic, will be valuable assets as we work to capitalize on our opportunities throughout the state.”
Most recently, Matheson was serving as VP of Granite’s Washington operations, having joined the company in 1989 as an estimator in the company’s Reno division. During his time at the company, he served as project superintendent, project manager and construction manager and left briefly for a two-year respite, rejoining in 1999 in a managerial capacity for the Utah division.