Hitachi launches new cordless pin nailer
Hitachi Power Tools has introduced the new NP18DSAL 23-Gauge Cordless Pin Nailer.
The tool allows the user to move easily around the jobsite without hoses or compressors and is equipped with brushless motor technology and powered by a compact 3.0Ah lithium ion battery.
The nailer is capable of driving up to 3,000 headless pins per charge, and has a built-in counterweight that virtually eliminates all recoil, while reducing the force needed to actuate the tool. It also features a no-push work contact safety tip that reduces marring to provide a clean finish, an on-tool low battery charge indicator, tool-less depth of drive adjustment, dry-fire lockout, integrated belt hook, ergonomic soft grip handle, high-luminance LED light with on-tool on/off switch, and tool body rubber bumpers.
This 23-Gauge cordless pin nailer drives pins from 5/8" to 1-3/8" in length and can be used to produce nearly invisible holes for a variety of applications including cabinets, paneling, small molding and trim, glazed bead, craft work and picture frame assembly.
The product is covered by a Hitachi’s lifetime warranty, a two-year lithium ion battery warranty, and a one-year charger warranty.
Market Recap: RISI Crow’s Construction Materials Cost Index
A price index of lumber and panels used in actual construction for Feb. 9, 2018.
Western: regional species perimeter foundation
Southern: regional species slab construction
Crow's Market Recap: A condensed recap of the market conditions for the major North American softwood lumber and panel products as reported in Crow's Weekly Market Report.
SPF sales activity overall remained more subdued than January’s demand levels. Pricing remained stout, however, as did many order files. Truck and railcar shortages bolstered order files. Strong gains in lumber futures Wednesday produced a spurt of buying, giving mills their best day of activity.
- Southern Pine sales activity eased, although producers continued to sell fair volumes. Mill order files remained extended a solid two weeks, with producers reporting they still managed to sell a week’s production, despite a slower pace.
- Traders reported less sales activity in the Coastal species market, yet prices continued to climb. Upward momentum remained most prominent across Doug Fir items. Buyers reported seeing mill volumes available for quicker shipment. Producers described the slower sales pace as “a pause.”
- Inland species producers echoed the sentiment of one colleague, who said, “I have had an extremely good week, moving good volumes.” Demand has pushed mill order files on some products into mid-April, with appropriate price increases. In #2&Btr lumber, the focus remained on narrows.
- Tight availability and good sales continued to propel stud prices higher. Much of the biggest price appreciation remained most concentrated among western Coastal and Inland species. Again, 9-foot gains outpaced those evident in 8-foot. Extended order files, some out to the middle of March, made it difficult for buyers to secure needs.
- Radiata Pine prices have begun to reflect price gains.
- Ponderosa Pine 3 Shop and P99 have been strong, joined now by a tendency to firm in #2 Shop. The market for Ponderosa Pine Commons is reported to be a pat formula for supply and demand. Tight supplies of both logs and limited board production kept prices moving upward.
- Western Red Cedar supplies remained available for late first quarter and second quarter deliveries, but good demand and healthy order files proved difficult for buyers looking for quicker shipping volumes.
Anxiety continued to permeate the OSB market this week. Numerous mills were OTM, order files moved out, loads were late, and prices appreciated strongly. Buyers chased orders. Sources were dismayed with prices leapfrogging while very few producers were quoting.
- Sales activity in Southern Pine plywood remained strong, although some producers reported a moderately slower pace. While buyers continued trying to catch up with needs, others announced they would hold off buying because of elevated price levels. Nevertheless, order files continued to edge another week further out and prices again moved higher.
- Western Fir plywood producers reported a moderately slower sales pace than in prior weeks. Buyers continued to enter the market in good numbers, but high prices generated a little more hesitancy among them.
- Canadian plywood markets continued their digestive mode this week, as action slowed at the mill level but remained brisk at distributors’ yards. Lots of buyers called to check on orders, which typically run two weeks late or worse.
- Particleboard and MDF continued to show a gradual uptick in sales. A pickup in particleboard activity was noted in the West by a major producer after a sluggish start to the new year. After a comparatively stronger beginning to 2018 in the East, sales activity in that region was steady to slightly better.
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LP Q4 sales soar
Louisiana-Pacific Corporation reported fourth quarter 2017 net sales soared 29% to $711 million compared to 2016 net sales of $550 million.
For the full year, net sales increased 22% to $2.7 billion from net sales of $2.2 billion a year ago.
The Nashville, Tenn.-based building products manufacturer also reported a fourth quarter 2017 net income of $130.5 million, more than doubling a net income of $42.2 million in 2016.
“2017 was a strong year for LP, with double-digit growth across all of our business segments,” said Brad Southern, LP CEO.
Southern said LP’s performance resulted in the company investing in growth initiatives, including pumping $150 million into existing plants along with adding additional manufacturing capacity.
During the fourth quarter, LP’s siding segment reported sales of $213 million – a 26% increase from sales of $169 in the same period last year.
OSB segment sales rose 30% to $358 million during the period from sales of $276 million in the fourth quarter 2016. The EWP segment saw sales in the fourth quarter total $92 million, up 38% from the year-ago.