Recovery settles over cement industry
Sluggish demand for cement from housing construction dented the supply-demand matrix of the cement industry in the last several years, according to a report from Research and Markets. Now it’s time to recover.
According to the report "US Cement Industry Analysis," the cement industry in the US is currently in its recovery phase and striving hard to diminish the after effects of the economic slowdown. New housing starts and commercial construction activities are now picking pace and showing hopes to cement demand retrievals, according to the study. Recuperating infrastructure spending along with growing domestic demand from almost all the prominent industry verticals will enable the apparent cement consumption to grow at a CAGR of around 8.5% during 2011-2015.
The economy is recuperating from recession and the real GDP grew by 2.6% in 2010 after declining to 2.5% in 2009. The recovering economy along with balancing cement prices will kick start cement market recovery in near future and will help it to accelerate further in the coming years.
Further, at the regional front, West South Central (including mainly Louisiana, Oklahoma, Northern & Southern Texas) and South Atlantic (with states including Delaware, Washington DC, Florida, Georgia) are leading the country in terms of cement production as well as consumption.
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California carpet recycling fee kicks in
A new state law that requires carpet manufacturers to add five cents to every square yard of carpeting sold or shipped into California went into effect on July 1. The purpose of the new fee is to incentivize carpet recycling and encourage the production of products made from recycled carpets.
Discarded carpet is one of the 10 most prevalent waste materials in California landfills, according to state officials. Most carpet is made from nylon and other polymers derived from virgin oil, and can therefore be recycled into numerous products including carpet backing and backing components, carpet fiber, carpet underlayment, plastics and engineered materials, and erosion control products. Several carpet recycling facilities currently operate in California, offering jobs, and producing products and feedstock for products made from recycled carpet.
The program was created by the state legislature last year and will be administered by Carpet America Recovery Effort (CARE), a not-for-profit organization formed as a public/private partnership between government entities, businesses, and members of the carpet industry.
People are going to be less
People are going to be less likely to just dump their old carpets into skip bins given the implementation of this law definitely. But how helpful is that in helping the situation really?
Pentair recognized by True Value
Pentair has been recognized as True Value Company’s 2010 Partner of the Year.
The award was announced at the Chicago-based co-op’s annual vendor award banquet in Chicago.
Pentair, which makes water-management products including Flotec pumps, said the award was based on "a 35% increase in retail sales at point-of-sale, margin expansion, consistent shipments with on-time/complete delivery rates at 95% or better, and participation in several key retailer-support programs."
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