Growing: vegetation for the roof
There’s green, there’s extra green, and then there’s this.
In the category of green building products, there’s one niche product that takes the eco-friendly cake: Green roofing vegetation. And according to research from the Freedonia Group, sales of these types of green roofing systems – though small — are expected to grow double digits in the coming years.
Demand for green roofing vegetation is forecast to grow 11% per year to $46.9 million in 2023. The most significant advances are projected for cities that have adopted legislation mandating green roof installations and/or that offer related incentives, such as green infrastructure funding or credits for storm-water treatment fees.
According to Freedonia’s report – “Green (Vegetative) Roofing“– market drivers in addition to government incentives include demand for urban green spaces, and an overall increased familiarity with the environmental and cost benefits of green roofs.
Demand is expected to vary by region. In 2018 the south accounted for 37% of demand for green roofing, with the rest nearly equally split among the Midwest (22%); West (21%) and Northeast (20%).
Leadership changes at Deere & Company
Jean Gilles is stepping down as senior vice president.
Deere & Company reported that it has realigned responsibilities for members of its leadership team in response to the retirement of Jean Gilles.
Gilles has elected to retire after 38 years of service, effective Jan. 11, the Moline, Ill.-based company said. Gilles is senior vice president of power systems, worldwide parts services, advanced technology and engineering, and global supply management and logistics.
“Jean had nearly four decades of accomplishments with Deere that was capped off by his leadership of the John Deere Power Systems group through the lengthy journey of meeting tighter engine emissions standards while also developing a broader, more powerful, and more efficient line of engines,” said Samuel Allen, chairman and CEO.
Jim Field, president of the Construction & Forestry division, will assume additional responsibility for the John Deere Power Systems organization.
Marc Howze, senior vice president and chief administrative officer, will assume additional responsibility for global supply management and logistics, worldwide parts services, and aviation.
Mary Jones, senior vice president and general counsel, will assume responsibility for worldwide public affairs.
Mark von Pentz, a president of Deere’s Worldwide Agriculture & Turf Division will assume additional responsibility for advanced technology and engineering.
Max Guinn retired as president of Deere’s Worldwide Construction & Forestry Division last month after 38 years at the company and was replaced by James Field, in addition to other executive changes made by the manufacturer.
PPG plans industrial coatings price hike
With material and logistics costs rising, PPG announced that it will implement a 10% price increase on all of its industrial coatings products globally. The change will be effective Jan. 1, 2019, or as permissible by contract, and will apply to all industrial coatings end-use segments.
Tim Knavish, PPG senior vice president, industrial coatings, cited unprecedented cost pressures in raw materials, freight, energy and labor for the resulting price increase.
“We continue to be diligent in offsetting costs and exercising cost-control measures across our supply chain to increase efficiency,” said Knavish. “Despite these efforts, we must modify our pricing to ensure that we can continue to deliver exceptional technical support and solutions to our customers.”
The price increase announcement is specific to the industrial coatings strategic business unit of PPG, and it is not related to paint that homeowners would purchase in a store.
PPG sales representatives will communicate price increase details to customers for all affected products.