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Industry Dashboard for Oct. 3, 2011

BY HBSDEALER Staff

The national average price for a gallon of regular gas dropped about a dime compared with a week ago. Consumer confidence increased ever so slightly.

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Fortune Brands unit elects Sherwin-Williams president to board

BY Ken Clark

Fortune Brands Home & Security (FBHS), which intends to spin off from Fortune Brands today, named John Morikis to the company’s board of directors, effective Dec. 1.

Morikis is president and chief operating officer of The Sherwin-Williams Co., an $8 billion global leader in the paint and coatings industry. He was elected COO of Sherwin-Williams in 2006.

As COO at Sherwin-Williams, Morikis has helped transform the company’s operating model, leading to increased operating performance and productivity, as well as improved utilization of fixed assets and more sharing of best practices.

“John is an accomplished executive whose operational and industry experience will be an asset to our bBoard,” said David Thomas, non-executive chairman of the board of Fortune Brands Home & Security. “His achievements in growing Sherwin-Williams’ business and building upon its leadership position are impressive, and I am looking forward to his contributions and insight as Fortune Brands Home & Security moves forward as an independent company.” 

As previously announced, FBHS is expected to spin off from Fortune Brands after the close of business on Oct. 3, and will trade on the New York Stock Exchange as an independent public company under the ticker symbol FBHS effective Oct. 4. 

Prior to his current role, Morikis served as president of the Paint Stores Group, whose revenue increased from approximately $3 billion to nearly $5 billion during his tenure. Morikis served in key positions of increasing responsibility at Sherwin-Williams since joining the company in 1985.

Morikis is a member of the Joint Center for Housing Studies Policy Advisory Board at Harvard University and is a member of the board of directors of the American Red Cross.

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Weyerhaeuser to participate in jet biofuel research

BY Brae Canlen

Weyerhaeuser has announced plans to enter a consortium that will study the feasibility of producing fuel for U.S. commercial and military jets from wood and wood waste in the Pacific Northwest. 

The Northwest Advanced Renewables Alliance consortium, led by Washington State University, will be funded by a five-year, $40 million grant from the U.S. Department of Agriculture. The study aims to address the urgent national need for a domestic biofuel alternative for U.S. commercial and military air fleets, according to the announcement. The project also will focus on increasing the profitability of wood-based fuels through development of high value, bio-based co-products to replace petrochemicals used in products such as plastics. 

"The consortium is designed to capitalize on the unique contributions of the participants, and Weyerhaeuser is pleased to be part of that," said Dan Fulton, Weyerhaeuser president and CEO. "Sustainability is absolutely critical to the successful production of feedstocks and aviation biofuel on an economical scale, and we’re proud to bring more than a century of forest science and innovative solutions to the effort." 

As a subcontractor to the WSU-led grant, Weyerhaeuser will focus on three areas: 

• Determining the feasibility of sustainable production of woody feedstocks for use in biofuel and value-added products; 

• Understanding how to more cost-effectively collect currently under-utilized harvest material; and 

• Exploring ways to convert woody biomass lignin components into value-added bio products. 

As part of its involvement, Weyerhaeuser will establish a new research site near Springfield, Ore., to better understand the effect of forest management practices on soil, water and wildlife. The site is intended to provide information on the effect of biomass removal, compaction and fertilization on soil, water and wildlife. Weyerhaeuser scientists Greg Johnson and Scott Holub will lead the study. 

Weyerhaeuser also will work with collaborators to understand how to develop more cost-effective ways to collect currently underutilized harvest residuals for emerging bio-fuel and bio-product applications. Gevan Marrs is the lead Weyerhaeuser scientist on the aspect. 

Another aspect of the study will involve lignin, the second most abundant polymer in nature, used mainly today in basic applications, such as being burned for green energy in the pulp mills or as an additive in cements. Weyerhaeuser will study ways to create high-value bio products from residual lignin. John Westland is the Weyerhaeuser lead on the lignin study.

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k.lol says:
Feb-27-2012 08:05 am

We talk so much about updates
We talk so much about updates and changes in the environmental legislation, about how companies become socially responsible and aware of so many environmental threats. This has been a thorough range of raising awareness campaigns, but if we really want this to work, we should also offer people more examples of how to live in a safer and healthier world from now on. I see, for instance, that Alexandria trash pickup services are doing a great job by maintaining the standards of environmental protection throughout the country.

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Oct-03-2011 05:17 am

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