Masco exec departs
Donald DeMarie Jr., executive VP and chief operating officer of Masco, has left the company “to pursue other opportunities,” according to a Nov. 10 filing with the Securities and Exchange Commission (SEC). DeMarie’s departure was effective Nov. 4.
Masco and DeMarie are working together to ensure a smooth transition, according to the SEC filing.
DeMarie was named executive VP in July 2007 and became COO in December 2007, according to Masco’s 2010 annual report. He had previously served as group president of the company’s Installation and Other Services segment since 2003. He also served as president and CEO of Masco Contractor Services and in other managerial roles since 1995.
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Paint demand is forecast to rise
The demand for paint and coatings in the United States is expected to rise 7.8% annually through 2015, according to a study by The Freedonia Group, a Cleveland-based market research firm. The market is expected to expand strongly in both volume and value terms, rebounding from the declines of the recession-impacted 2005 to 2010 period.
However, the U.S. paint and coatings industry will continue to be impacted by the trend toward sustainability, and growing environmental concerns will subject manufacturers to increasingly stringent government regulations. As a result, paint and coating suppliers will continue to invest heavily in the development of innovative, higher-value formulations.
The large architectural market will grow at an annual rate of 10.8% through 2015, reaching more than $14 billion.
Demand will be promoted by renewed strength in the housing market, particularly as home-building activity rebounds from low 2010 levels. The interior paint market will remain larger and grow faster than its exterior counterpart.
Sales of paint and coatings in manufacturing markets will expand at a respectable rate through 2015, reversing the downward trend of the 2000 to 2010 period. Among the various market segments, furniture and fixtures will enjoy one of the best growth prospects, and will remain the leading outlet for coatings over the forecast period, according to the report.
WoodTrac promotes green manufacturing initiatives
Archbold, Ohio-based WoodTrac Ceiling System by Sauder is promoting environmental standards, including recent energy conservation measures, mandating material recycling and air quality preservation. In addition to product production guidelines, the WoodTrac product features a unique “green” design that saves raw materials.
According to Sauder Woodworking, more than 90% of the WoodTrac Ceiling product and packaging is made from recycled material.
“Sauder Woodworking is always striving to create products that are not only of great quality but are environmentally responsible,” said Dan Sauder, VP engineering, “We are always looking for ways to reduce our carbon footprint, both through our products and through our manufacturing facilities.”
WoodTrac is made up of laminated medium density fiberboard (MDF), meaning it is made up of more than 90% pre-consumer recycled content. Unlike solid wood panels that only use around half of a tree, WoodTrac uses more than 95% of the actual tree product. This reduces massive amounts of lumber waste that typically goes unused, including bark and scrap materials. All wood panels used in Sauder production are “Environmentally Preferred Product” (EPP) by the Composite Panel Association.
The Sauder Woodworking Co. has also implemented its environmental sustainability efforts into its 230-acre, 4 million-sq.-ft. production facility located in Archbold, Ohio, reducing its carbon footprint by 10,000 metric tons over the next two years.
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