Owens Corning maintains sustainability status
Owens Corning has been placed on the Dow Jones Sustainability World Index (DJSI World) for the fourth consecutive year, named this year as the Industry Leader for the DJSI World Building Products component.
"This is a milestone year on many levels for Owens Corning, including the celebration of today’s news and the year-long celebration of our company’s 75th anniversary," said chairman and CEO Mike Thaman. "One of the keys to our success yesterday, today and especially tomorrow, is the energy our people put toward our sustainability strategy."
The DJSI World Index is made up of prominent companies who have made significant steps in sustainable economic, environmental and social initiatives.
"Meeting the needs of the present without compromising the world that we leave to the future is this company’s unwavering commitment," said Owens Corning chief sustainability officer Frank O’Brien-Bernini. "Our people continue to prove that our customers, our communities, our employees and our investors can see significant benefits from that strategy."
Owens Corning recently reported some of the following achievements in its 7th Sustainability Report:
• Eleven consecutive years of safety improvement;
• Introduction of company-wide policy to prohibit cell phone usage while driving;
• Achieved all seven of its first 10-year environmental footprint goals;
• Reduced greenhouse gas emissions;
• Completed several water use reduction projects; and
• Achieved more than 60% shingle recycling availability.
The DJSI World Index tracks the stock performance of various companies in terms of economic, environmental and social criteria to aid investors with an eye toward sustainability considerations.
Eco Building Products helps Sandy victim
Eco Building Products, Inc. is shipping another whole-house defensive house pack to Julie Kellner, who lost her home in Point Pleasant Beach, N.J., during Hurricane Sandy.
The pre-cut house comes with roof and floor trusses and will be the first Eco Red Shield home constructed in the region as part of the rebuilding effort.
"After a tumultuous 11 months since the Sandy super storm hit, I’ve been able to experience my first signs of progression towards moving back into my home," said Kellner. "After learning more about ECOB and the defensive lumber they have to offer, I would never think of trusting anything else. The peace of mind this lumber will offer me throughout the many storms to come to the Jersey Shore is priceless. I am extremely enthusiastic about being the first Eco Red Shield home going up on the Jersey Shore. I plan on holding open houses to show everyone the difference between a defensive home built with Eco Red Shield, versus a house built with ordinary raw lumber."
Eco Building Products recently initiated full-scale production at its newest Eco Red Shield coating facility in Fair Lawn, New Jersey, allowing for localized production to meet the needs of the affected rebuild region. The lumber remains readily available for purchase throughout the tri-state area.
"At ECOB, we targeted the Sandy rebuild last fall as we deployed in response to help those in need, knowing that one day this rebuild and government assistance would eventually show up," said Steve Conboy, president and CEO. "Since we have been and currently are involved in this rebuild in New Jersey and New York, we have been receiving correspondence about the Jersey Shore burning with everyone asking the same question. ‘If they built with Eco Red Shield, would this be happening?’ It is amazing to see that the point of origin for yesterday’s fire initiated the rapid spread of fire so quickly to the surrounding wood framed exposures. In my opinion, had the wood framed structures been built with advanced framing lumber coated with Eco Red Shield yesterday’s fire performance could have been contained within the point of origin."
Sherwin-Williams acquires Consorcio Comex for $90 million
The Sherwin-Williams Company has acquired the U.S./Canada business of Consorcio Comex, S.A. de C.V., which includes 314 stores and eight manufacturing sites.
Sherwin-Williams will pay $90 million in cash as well as assume Comex’s liabilities, currently valued at approximately $75 million.
"This is an exciting step forward in our ongoing effort to bring these two respected companies together," said Chris Connor, chairman and CEO of Sherwin-Williams. "The Comex business model in the U.S. and Canada is a good strategic fit for Sherwin-Williams and will improve our ability to serve customers in some of our most important geographic markets."
Regulatory approval from the Federal Competition Commission of Mexico has yet to be secured for the acquisition of Comex’s Mexico operations.
Additional information will be reported during Sherwin-Williams’ third quarter earnings conference call at 11 a.m. ET on Fri., Oct. 25.