Products recalled over amputation hazards
Ariens is recalling its Sno-Tek Snow Throwers and All-Season Power Brushes due to amputation and laceration risks associated with the machines.
According to the Consumer Product Safety Commission, a drive pulley has displayed a tendency to crack while in use, which causes the auger/impeller or brush to continue to rotate after the clutch is disengaged.
The recall affects approximately 5,700 units, though no incidents or injuries have been reported.
Affected models include Ariens and Sno-Tek brand snow throwers and Ariens and Graveley brand power brushes.
The Ariens snow throwers are orange and 22 to 24 inches wide, while the Sno-Tek models are black and 20 to 28 inches wide. The Ariens power brush was sold in orange and the Gravely in red.
They were sold at Home Depot stores and other authorized Ariens dealers nationwide from January 2014 to February 2014 for between $500 and $2,200.
The CPSC is advising consumers to immediately discontinue use (and especially avoid putting their hands into the discharge chute) and contact Ariens for a free repair.
All products have model and serial numbers printed on a white label on the lower rear of the product, near the wheel. Click here for a detailed list of serial numbers.
Weyerhaeuser updates its Timberlands leadership team
Weyerhaeuser has reshuffled the leadership team of its Timberlands business unit.
In accordance with the changes, Rich Wininger will step into the role of VP business support, development and real estate. He has been serving as Weyerhaeuser’s VP Western Timberlands since 2005, later taking on oversight for the Canadian timberlands as well. Since joining the company in 1986, he held such roles as director of marketing, director of operations, regional operations manager, planning manager, special projects manager and business analyst.
Matt Williams has also been named VP Western Timberlands, replacing Wininger. He was most recently serving as the Southern Timberlands director of marketing and safety functional leader. He originally joined the company in 1977 as a forestry intern, succeeding through various roles such as raw materials manager, timberlands manager and procurement functional leader.
Lastly, Brad Kitselman is leaving his post as director of sales and marketing for Western Timberlands to become the company’s new VP timberlands sales and marketing. He has held various other positions in Western Timberlands, including area marketing team leader, environmental management systems manager, regional team leader, export coordinator and scaling manager, contract harvest manager and timber sale administration. He has been with the company since 1978, joining initially as a forester.
"Rich, Matt and Brad each bring tremendous experience, skill and leadership to their new roles," said Rhonda Hunter, SVP Timberlands. "I look forward to the significant contributions they will continue to make to drive results for our Timberlands business."
Plum Creek’s revenues drop 6.8%
Plum Creek Timber Company experienced a slow-down in sales during the first quarter of 2014, though a corresponding drop in income was largely expected due to to a timberland sale.
Net revenue for the three months ended March 31 was $317 million, down from $340 million in the same period last year.
Net income for the quarter was $30 million, down 46.4% since the first quarter of 2013.
Despite the weak performance, CEO Rick Holley said he was pleased with the company’s performance last quarter.
“Results from our timber resources segment continue to grow with higher log prices and additional harvest volumes from our recently acquired timberlands," said Holley. "Earnings were in line with our initial expectations despite difficult weather conditions that hampered both log deliveries in the South and production and shipments from our Manufacturing facilities. As expected, first quarter’s income was lower than last year. This was solely the result of a large non-strategic timberland sale that contributed 21 cents to earnings per share in the first quarter of 2013."
Holley added that the timberlands and other assets acquired from MeadWestvaco last December have been integrated into the company’s portfolio, contributing $4 million in operating income and $9 million to adjusted EBITDA last quarter.
The company said it was on track to reach its goal of growing its non-real estate adjusted EBITDA by more than $80 million this year.