TW Perry hosts 3rd Annual Green Building Workshop
Gaithersburg, Md.-based pro dealer TW Perry will host its Third Annual Green Building Workshop March 17 in Fairfax, Va.
The daylong event, presented in partnership with the National Association of the Remodeling Industry, represents the six-unit dealer’s commitment to the green building market. TW Perry is certified by both the Forest Stewardship Council and the Sustainable Forestry Initiative.
According to TW Perry CEO Michael Cassidy, there is much information and misinformation surrounding green building. "The Workshop is designed to provide practical solutions that have real impact as opposed to the latest and greatest technology or fad of the moment."
The workshop is designed primarily for contractors and architects, but homeowners would benefit as well, he said.
"The benefit to TW Perry is having a customer base of contractors and architects that is better educated about what really works and is then able to sell the best products and services to homeowners for remodeling or new home projects," Cassidy said.
Knauf Insulation files patent infringement suit
Knauf Insulation, the Shelbyville, Ind.-based manufacturer, has filed a patent infringement action against CertainTeed Corp. in an Indiana federal court. According to the lawsuit, Knauf Insulation mineral wool is made with ECOSE technology, a sustainable binder technology based on rapidly renewable bio-based materials rather than petroleum-based chemicals commonly used in traditional fiberglass insulation products.
Knauf alleges that CertainTeed, a subsidiary of Saint Gobain, infringed on the intellectual property rights of ECOSE technology when it manufactured and sold its Sustainable Insulation product. According to CertainTeed’s Web page, the Valley Forge, Pa., company uses recycled and renewable content including a plant-based, formaldehyde-free binder to make its Sustainable Insulation product.
CertainTeed issued the following statement: "CertainTeed strongly denies the allegations of patent infringement contained in the Complaint filed today by Knauf in US District Court. Moreover, CertainTeed and its international affiliates have their own unique and proprietary sustainable insulation binder formulation and have filed patent applications throughout the world on this formulation."
Trex Co. Q4 sales jump 47%
Winchester, Va.-based Trex Co. reported net sales for the fourth quarter of 2010 totaled $75.3 million, up 47% from net sales of $51.2 million for the 2009 fourth quarter.
The wood-alternative decking and railing manufacturer reported a net loss of $0.5 million in the quarter ended Dec. 31, 2010, compared with a net loss of $0.3 million in the 2009 period.
“Sales broke our fourth-quarter record as both distributors and dealers responded enthusiastically to our products, sales programs and pricing strategy," said Ronald Kaplan, chairman, president and CEO.
During the 2010 quarter, Trex recognized $4.1 million of unusual charges, which included a $5.2 million increase to its warranty reserve for decking material manufactured at its Nevada plant prior to mid-2006, offset by a $1.1 million reduction to supply contract-related charges taken in prior 2010 quarters.
For the full year, Trex reported net sales of $317.7 million, a 17% increase compared with net sales of $272.3 million for 2009. The company’s 2010 net loss of $10.1 million compares with a $16.9 million loss in 2009.
In total, the company recognized $21.3 million of unusual charges during 2010, including a $15.0 million increase to its warranty reserve for decking material.