King, the independent, to speak at NLBMDA event
Senator Angus King of Maine has been added to the NLBMDA’s lineup for its Spring Meeting and Legislative Conference.
The National Lumber and Building Material Dealers Association (NLBMDA) announced that Senator Angus King (I-Maine) will be a featured speaker during the Washington Briefing breakfast at the Spring Meeting and Legislative Conference.
The conference will take place March 18 to 20 at the Crystal City Marriott in Arlington, Va.
On Jan. 3, 2013, King was sworn in as Maine’s first Independent United States Senator. Senator King joins a long line of independent leaders from the State of Maine. He is a steadfast believer in the need for greater bipartisan dialogue and relationship building among legislators.
The conference will also include a special-ticketed event featuring Bill Kristol, who will speak during the March 18 NLBMDA LuDPAC fundraising luncheon. Kristol is the editor of the influential Washington-based political magazine, The Weekly Standard. He is widely recognized as one of the nation’s leading political analysts and commentators and regularly appears on FOX News Sunday and FOX News Channel.
The Spring Meeting and Legislative Conference, hosted by the NLBMDA and the Window and Door Manufacturers Association, runs March 18-20. For more information, visit leg-con.org.
TimberTech’s TwinFinish hits 10 years
Wilmington, Ohio-based TimberTech, a manufacturer of alternative decking materials, is celebrating the 10-year anniversary of its TwinFinish Wood-Plastic Composite Decking.
When it was introduced in March 2003 it became the first brand name decking product to be marketed as a dual-surface choice for contractors and homeowners, the company claims.
“The 10th anniversary of TwinFinish is a milestone for us and represents an advancement for the alternative decking category,” said Paul Bizzarri, VP innovation for TimberTech. “We took the lead in branding the concept of a two-sided composite board by marketing it under the TwinFinish name, giving customers two aesthetic options in one plank.”
He said the product arrived on the scene when alternative decking manufacturers were striving for more natural-looking deck boards. The plank’s VertiGrain side provides the look and feel of a real wood walking surface, while the opposite side has a serrated texture, better for deck built-ins such as benches and flower boxes.
LP posts strong Q4
Louisiana-Pacific has reported total sales for the fourth quarter of $459 million, up 47% from $312 million in the fourth quarter of 2011. The company reported operating income of $47 million in the fourth quarter, compared with an operating loss of $26 million in the fourth quarter of 2011.
For the year ended Dec. 31, 2012, LP reported net sales of $1.7 billion compared with $1.4 billion in 2011. Operating income totaled $107 million, compared with an operating loss in 2011 of $140 million.
“We are very pleased that LP is reporting both a profitable fourth quarter and a profitable 2012,” said CEO Curt Stevens. “The U.S. housing recovery picked up momentum in the fourth quarter, with annual housing starts at a seasonally adjusted rate of 954,000 in December. This increase in demand resulted in better OSB pricing and good performance in our Siding segment.”
The OSB segment reported net sales for the fourth quarter of $243 million, up 86% compared to $131 million of net sales in the fourth quarter of 2011. For the full year, OSB reported sales of $814 million, up 50% from the prior year.
The Siding segment reported net sales of $117 million in the fourth quarter of 2012, an increase of 25% from $93 million in the year-ago fourth quarter. For the full year, Siding reported sales of $501 million, up 17% from the prior year.
EWP segment sales in the fourth quarter of 2012 totaled $52 million, up 11% from $46 million in the year-ago quarter. For the full year, EWP reported sales of $213 million, up 5% from the prior year.