Flooring, cabinets to boost decorative laminates demand
U.S. demand for decorative laminates is expected to grow 5.5% per year to 12.4 billion sq. ft. in 2015, a rebound from the declines of the 2005-to-2010 period, according to a study from the Freedonia Group, a Cleveland-based industry market research firm.
Continued improvement in the housing market, lower unemployment and greater credit availability will boost demand for laminates across the board in all major applications: cabinets, furniture, flooring, wall panels and countertops, the Decorative Laminates study concluded.
The cabinet market will continue to account for the single-largest share of decorative laminates demand in 2015, while also posting gains well above the industry average. In addition to improved market potential, gains will be boosted by rising interest in decorative laminates as a less costly alternative to lumber (particularly exotic hardwoods) and wood veneers in cabinet production.
The flooring market for decorative laminates will record the most rapid gains through 2015, fueled by improvement in construction spending and rising consumer interest in laminate flooring. As a result, laminate flooring production in the United States will rebound. Decorative laminate producers will continue to introduce improved laminates for use in flooring, such as those featuring enhanced durability and advanced designs that resemble natural stone or tile flooring as well as costly and exotic wood species (e.g., mahogany).
Valspar names new exec
Paint manufacturer Valspar has announced that John Wardzel has joined the company as senior VP global operations, reporting to Steven Erdahl, executive VP. In this role, Wardzel will provide executive leadership of Valspar’s global operations and becomes an officer of the company.
Wardzel, 53, joins the Minneapolis-based company from Celanese Corp., where he was senior VP operations, having responsibility over worldwide manufacturing, engineering, operations and safety, health and environmental. Prior to Celanese, Wardzel held operations leadership positions with such companies as W.R. Grace, Honeywell, GE and Allied Chemical.
Late last month, Valspar announced the promotion of Brenda McCormick to controller.
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Lowe’s settles dispute over impact instruments
Acacia Research Corp. has announced that it has entered into a license agreement with Lowe’s covering patents directed to impact instrument technology. This agreement resolves the parties’ dispute that was pending in the District Court for the Eastern District of Texas.
Impact instruments include a range of testing and measuring devices such as infrared cameras for electrical inspection, building integrity and energy loss.
Headquartered in Newport Beach, Calif., Acacia Research Corp.’s subsidiaries partner with inventors and patent owners, license the patents to corporate users, and share the revenue. Acacia Research Corp.’s subsidiaries control more than 200 patent portfolios, covering technologies used in a wide variety of industries.
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