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Tile manufacturer receives new green certification

BY Brae Canlen

Crossville, Interceramic and Metropolitan Ceramics, three tile products manufactured by Ironrock, are the first three products to receive the new “Green Squared” certification under the auspices of the Scientific Certification Systems (SCS).

Green Squared is the flooring industry’s first sustainability standard for tile and tile installation materials. Developed by the Tile Council of North America (TCNA) under the American National Standards Institute (ANSI) process, the sustainability standard recognizes manufacturers for their environmental leadership and corporate social responsibility across a broad range of indicators. Scientific Certification Systems is among the first third-party certifiers accredited by TCNA to conduct evaluations under this standard.

Products eligible to achieve Green Squared certification include ceramic and glass tiles, grouts, mortars, backer boards, underlayments and waterproof membranes. The standard addresses environmental product characteristics, product manufacturing, end-of-life management, corporate governance and innovation.

 

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Lowe’s plans to raise nearly $2 billon from debt sale

BY Brae Canlen

Lowe’s has announced an agreement to sell $500 million of 1.625% notes due 2017, $750 million of 3.12% notes due 2022 and $750 million of 4.65% notes due 2042. Estimated net proceeds from this offering will be approximately $1.982 billion, after deducting offering expenses and underwriters’ discounts.

The net proceeds from the sale offering will be used for general corporate purposes, which may include repurchases of shares of common stock, capital expenditures, acquisitions and working capital needs, according to the retailer. Closing is expected to occur on April 23, 2012.

Wells Fargo Securities, Goldman, Sachs & Co., and US Bancorp Investments are acting as joint book-running managers for the notes offering.

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May-01-2012 01:16 pm

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With Scottish accent, a solar company expands to U.S.

BY HBSDEALER Staff

Renewable Resources (Energy Solutions) Ltd launched operations in North America to provide roof-mounted solar technology for residential & commercial customers across New York, New Jersey, Massachusetts and Connecticut. 

As a result of Renewable Resources origins in Scotland, the launch is timed to coincide with Tartan Week 2012, a series of events in New York City celebrating Scottish culture and innovation in the United States.

Renewable Resources is partnering with Scottish Development International (SDI), an organization that helps Scottish companies build international presence, to establish operations, which will be headquartered in Stamford, Conn. Renewable Resources and SDI celebrated the official North American launch April 13 with Fergus Ewing MSP, the Scottish Government’s Minister for Energy, Enterprise and Tourism. 

As one of the largest solar photovoltaic (PV) installers for commercial rooftops in the UK, Renewable Resources will leverage its unique expertise in PV design and rooftop construction to help customers retrofit their properties with solar energy systems. By switching to solar energy, home owners and businesses can lower energy bills and reduce their carbon footprint.

 

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