Versatex expands Max dimensions
Versatex Max extruded cellular PVC sheets rolled out 2×8, 2×10 and 2×12 board versions of its 1.5-in. thick product.
In announcing the launch, Versatex president John Pace called the new 2x trimboard “a rapid response to feedback from the people in the field who have been working with the extra-thick 1½-in. PVC sheet we rolled out this spring.”
The idea, according to the company, is to bring the convenience of dimensional lumber to producers of laminated pergola beams, custom mouldings, corbels, spindles and other fabricated items.
The Max product initially launched in 48-in.-wide sheets. “For a lot of applications, the same thickness in a 8-in., 10-in. and 12-in. width is easier to handle,” Pace said. “Now fabricators will be able to save lamination steps and get the job done faster.”
Versatex Max Trimboard is manufactured by Wolfpac Technologies of Pittsburgh.
Thomas Wright named CFO at Sterling Construction
Thomas Wright has been appointed to the executive VP and CFO title at Sterling Construction, effective Sept. 25.
Wright will be replacing Kevan Blair, who will transition into the role of senior VP of corporate finance.
"Tom’s strong experience in a broad range of critical planning, analysis and capital allocation functions makes a perfect fit to take over leadership of our financial organization," said Sterling president and CEO Peter MacKenna. "We look forward to working with him as we progress in driving the transformation that is underway across our operations. We would also like to thank Kevan Blair for his outstanding performance while serving as our interim CFO and for assuming his new role of senior vice president of corporate finance."
Wright has more than 20 years of financial management experience. Previously, he was CFO of St. Marys/CBM, a cement and concrete company in Toronto. Prior to that, he worked for global mineral drilling services and products manufacturer Boart Longyear in various senior management capacities. He also held similar roles at Wendy’s International, Bank One Corporation (now JP Morgan Chase Company) and Allied Signal Incorporated (now Honeywell International Inc.).
Market Recap: RISI Crow’s Construction Materials Cost Index
A price index of lumber and panels used in actual construction for Sept. 13, 2013
*Western – regional species perimeter foundation; Southern – regional species slab construction.
Crow’s Market Recap — A condensed recap of the market conditions for the major North American softwood lumber and panel products as reported in Crow’s Weekly Market Report.
Lumber: Another strong week of sales activity and limited availability at mills led to higher SPF lumber prices. North American demand influenced the market far more than any overseas orders taken. Increasing demand helped boost Southern Pine lumber prices higher and allowed other items, where prices had floundered, to gain more traction. Better weather in the Southeast, improved or steady demand from sectors such as truss manufacturers, and limited field inventories all contributed to the market’s solid feel. Producers reported strong sales in the Coastal species lumber market, as demand provided enough push to send prices higher. Having kept inventories lean, buyers came into the market to purchase replenishment volumes. Light inventory levels, both in the field and at the mills, added to the strength of the Inland species lumber market. Short production runs, log quality and availability, and good order files were all given as reasons for the shortage of available wood. Steady sales of Radiata Pine were reported and prices remained at or near published levels. Sales of Ponderosa Pine Shop grades continued to outpace Mldg&Btr. Producers reported the bulk of the activity was for the upper grades of Shop, particularly in 6/4. Ponderosa Pine #2&Btr board prices increased $5 for 1×4 and 1×6 and a $10 increase for 1×8 and wider was reported. Producers reported little trouble moving any tally of #2&Btr. Eastern White Pine producers reported another week of steady sales, as Premium grade in wide widths remained a sought after item. ESLP prices that were a premium to Ponderosa Pine kept some buyers looking for coverage elsewhere. Producers reported a lackluster week of sales in the Western Red Cedar lumber market. Although interpreted as “sluggish” by some producers, the sales pace was somewhat steady when compared to prior weeks.
Panels: In OSB, market activity improved in the North Central and western Canadian markets, with some follow-through in other regions. Mills in the southern regions did not see the same activity that their northern counterparts experienced. Sales activity levels increased in the Southern Pine plywood market and reached a crescendo Thursday. Thin order files at mills forced early discounts. Needing to replenish, a greater number of yards participated while wholesalers also saw lower prices as an opportunity. The Western Fir plywood market entered the week softly, but sales activity improved and reached a peak Thursday. A broad range of buyers entered the market to replenish scant inventories. Discounts offered early by Canadian plywood producers brought enough buyers off the fence to extend mill order files and firm prices. Reports of overall market activity varied, although much of the tone in both particleboard and MDF markets was lackluster. More buyers noted incoming calls from MDF producers looking to move additional volumes at discounted price levels.
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