Jeld-Wen divests part of vinyl extrusion plant
Jeld-Wen has sold part of its Yakima, Wash., vinyl extrusion plant to Quanex Building Products, according to an article in the Portland Business Journal. Terms of the transaction were not disclosed.
Quanex is a longtime business partner of Jeld-Wen. Quanex’s Mikron operation will purchase equipment and other assets from Jeld-Wen’s extrusion operation.
Jeld-Wen has produced the materials, used for its window line, at the plant since 2007. The company will continue to contract with Mikron for extrusions and other materials.
Klamath Falls, Wash.-based Jeld-Wen had decided late last year to either boost its extrusion business or seek alternatives such as equipment sales, according to the article.
The Yakima facility was Jeld-Wen’s only extrusion plant and only made a limited number of extrusions, a Jeld-Wen spokesperson said.
Top Knobs launches Sanctuary Collection
Hillsborough, N.J.-based decorative hardware manufacturer Top Knobs turned to the classic oval shape for its Sanctuary Collection Oval series. Oval knobs and slot knobs are available in three sizes with optional backplates. Top Knobs Oval thin pulls come in five sizes (including appliance pulls).
"We know that the most popular kind of diamond ring is oval-shaped because of its timeless beauty and pleasing aesthetic," said David Tyler, VP of marketing for Top Knobs.
The newly launched Oval series is available in eight finishes including Brushed Satin Nickel, Flat Black, German Bronze, Oil Rubbed Bronze, Pewter Antique, Polished Chrome, Polished Nickel and Tuscan Bronze.
Construction spending flat in January
Although overall construction spending didn’t change much between December and January, residential construction rose by 5.3%, to $245.6 billion, in January 2011, according to figures just released by the U.S. Department of Commerce.
Spending on non-residential construction in January hit $244.4 billion, dipping 6.9% below December 2010’s figure. Taken together, spending on private construction was essentially flat — 1.2% in month-over-month figures.
In January, the rate of public construction spending was almost completely flat: $301.8 billion, a 0.1% change from December 2010.
Comparing January of 2011 with January 2010, total spending on construction was off by 5.7%, counting both private and public projects. Categories that showed gains included transportation, health care, and power and water utilities.