ATCO Ltd., through its investment in Canadian Utilities Limited (“ATCO”) and The Kansai Electric Power Co., Inc. (“Kansai”) are collaborating to develop an integrated clean fuels supply chain between Canada and Japan. ATCO and Kansai have already completed a pre-feasibility study to produce clean hydrogen and its derivatives in Canada, spanning the entire value chain, […]
Freddie Mac: Mortgage Rates Trending Lower
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.28 percent. “Mortgage rates continue to trend down entering the traditional spring homebuying season,” said Sam Khater, Freddie Mac’s Chief Economist. “Unfortunately, those in the market to buy are facing a number of challenges, not the […]
Drax CEO Will Gardiner Steps Down From His Role as a Board Member of the SBP
Will Gardiner has with effect from 16 March 2023 stepped down from his role as a board member of the Sustainable Biomass Program (“SBP”). The SBP is a vital part of the sustainable biomass industry, providing an independent certification scheme for woody biomass used in large-scale energy production. Suppliers can use the SBP certification scheme […]
ClarkDietrich Names Brian Panuccio New Chief Commercial Officer
ClarkDietrich has named Brian Panuccio the company’s Chief Commercial Officer, a new role that will lead the sales and marketing teams as both the company and industry continue to evolve. Panuccio started with ClarkDietrich in 2002 as a sales and marketing management trainee. Over his 20-year career, he worked his way up in various sales […]
Gulfeagle Supply Acquires Exterior Solutions
Gulfeagle Supply announces the acquisition of Exterior Solutions, a building materials supplier in Gulfport, Mississippi. The acquisition also prompted a relocation of the existing Gulfeagle Supply branch in Gulfport. Gulfeagle Supply will now operate at 14410 Creosote Road Suite A, Gulfport, MS 39503 under the Gulfeagle name. The acquisition expands Gulfeagle’s product offerings in Gulfport […]
US LBM Opens New Truss Manufacturing Facility & Building Materials Distribution Yard in Central Florida
US LBM, a leading distributor of specialty building materials in the United States, has opened a new floor and roof truss manufacturing facility and building materials yard in Auburndale, Fla. The new, more than 100,600 square foot facility is located 40 miles northeast of Tampa and 60 miles southwest of Orlando and operates as part […]
Report: R-Y Timber Entertaining Potential Buyers
According to local news reports, R-Y Timber, Inc. (HQ: Townsend, MT), has interest from multiple potential buyers. The Livingston Enterprise reports that after being “forced to close its lumber-manufacturing plant in mid-February” the company “appears to have life again as multiple potential buyers have emerged”. It was noted that “there were several suitors of R-Y […]
Mortgage Applications Decrease in April 5th MBA Weekly Survey
Mortgage applications decreased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 31, 2023. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index […]
GLIDDEN Paint by PPG Becomes Primary Paint Brand at Walmart in the U.S.
PPG announced that GLIDDEN® paint by PPG will become the primary paint brand at Walmart. The multiyear agreement significantly expands PPG’s current relationship with Walmart, providing shoppers with a well recognized, high quality and convenient do-it-yourself (DIY) paint and stain assortment. “We’re incredibly excited to bring the high-quality Glidden product lineup to Walmart,” said Jaime Irick, PPG vice […]
Madison’s Reporter: Strengthening Sawmill Order Files Push Lumber Prices Up
Into the end of March markedly improved weather across the continent perked up demand for lumber, pushing out sawmill order files to almost a month. As such, suppliers were able to boost prices higher. The annual spring break brought a noticeable absence of players, as families took off work while the kids were out of […]