Osmose acquires assets of Peninsula Copper Industries
Griffin, Ga.-based Osmose, a global supplier of wood preservative products, acquired the production assets of Peninsula Copper Industries, Inc. (PCI), a producer of copper-based chemicals.
PCI, headquartered in Hubbell, Michigan, is a leading manufacturer and exporter of copper carbonate and cupric oxide chemicals. PCI has been a copper compound supplier to Osmose for over 25 years.
“The acquisition of PCI is another important step in our integration into the manufacture of copper compounds that are essential to the production of our MicroPro, NatureWood, ACQ, and CCA preservative products," said Paul Goydan, president of Osmose. "This acquisition strengthens Osmose’s commitment to support the wood preservation business in North America and the world.”
PCI will continue as a distributor of its established products under a contract manufacturing arrangement with Osmose, according to Kevin Codere, president of PCI.
Commercial construction is lifting credit market, says S&P
In a report entitled "Commercial Construction Markets are Helping to Repair U.S. Building Materials,” Standard & Poor’s Ratings Services has posited that commercial construction and the slowed rate of spending decline for that sector has helped the overall credit availability for construction projects.
Standard & Poor’s economists are projecting a 14% increase in residential housing in 2011 over 2010, and spending on repairs and remodeling possibly increasing about 5%.
Higher material costs are a key risk for the industry, the report noted, especially if there is no improvement in the unemployment rate. “It will be harder to pass on those costs to buyers,” the report stated. Infrastructure projects could help the industry, but the number of projects will vary by region, and some of it could be tied to pending legislation.
The entire report is available at globalcreditportal.com.
KB Home embraces solar as a standard
Solar power is a standard feature in 10 Southern California communities built by Los Angeles-based KB Home.
KB has experimented with solar programs for years, said Jeffrey Mezger, president and CEO of KB Home. "With this announcement, we are raising the bar even higher and taking an important step in making our homes even more efficient and affordable for our home buyers over the long term, especially when compared with resale homes," he said.
The photovoltaic solar systems will help KB homeowners reduce their monthly energy bills and cost of homeownership, while also benefiting the environment, the builder said.
While KB Home has provided solar power systems as an option for its home buyers in select communities in California and Colorado for a number of years, this is the first time it will build entire communities featuring solar power systems for every home.
SunPower Corp. will provide the solar technology.