Building material

Engineered Wood Market and Bonding Agents: Comprehensive Global Growth Opportunities Analysis Report 2023

Retrieved on:

Thursday, February 8, 2024

MDI, EW, OSB, Growth, Building material, UF, MUF, LVL, CLT, Engineered wood

DUBLIN, Feb. 7, 2024 /PRNewswire/ -- The "Global Engineered Wood Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

Key Points:

DUBLIN, Feb. 7, 2024 /PRNewswire/ -- The "Global Engineered Wood Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
The report provides an in-depth analysis of market dynamics, revealing key insights into the growth and forecasted trends for various EW products, applications, and regions worldwide.
It equally scrutinizes bonding agents including MUF, phenolic resin, UF, and MDI resin to offer stakeholders a synthesized view of the market.
Bonding Agents: Insight is offered on the volume and technology advances within the bonding agent market, impacted by the growth of the EW industry and the ongoing efficiency enhancements.

Implenia wins large, complex civil engineering and building construction projects in Switzerland and Germany

Retrieved on:

Tuesday, February 6, 2024

CHF, SIX Swiss Exchange, Building material, FTE, Safety, Spiez, Sustainability, BIM, N06, Federal Road, Corporate communication, Engineering

These orders all fit well with the Group’s strategic focus on large, complex projects.

Key Points:

These orders all fit well with the Group’s strategic focus on large, complex projects.
Construction work begins in the second quarter of 2024 and completion is planned for the first quarter of 2028.
Several long-time Implenia clients in Germany have placed new orders for projects with high sustainability requirements.
Another turnkey contract that Implenia has won in Germany involves building a large new canteen kitchen for the Evangelische Heimstiftung in Neuenstadt am Kocher.

Trane Technologies Named to JUST 100, Fortune World’s Most Admired Companies and CDP’s A List

Retrieved on:

Tuesday, February 6, 2024

Trane Technologies (NYSE:TT), a global climate innovator, has been named to the 2024 JUST 100 and Fortune Magazine’s 2024 list of the World’s Most Admired Companies .

Key Points:

Trane Technologies (NYSE:TT), a global climate innovator, has been named to the 2024 JUST 100 and Fortune Magazine’s 2024 list of the World’s Most Admired Companies .
This is the 12th consecutive year that Trane Technologies has been named to Fortune’s World’s Most Admired Companies list.
Trane Technologies is one of 346 companies to be recognized with an ‘A’ score for transparency on climate change by CDP – out of over 21,000 companies scored.
Broadly acknowledged for its industry-leading transparency, credibility and accountability, Trane Technologies has recently received several additional recognitions for climate action.

Fiserv Small Business Index™ for January 2024: Consumer Spending Steady to Start New Year

Retrieved on:

Monday, February 5, 2024

The Fiserv Small Business Index is an indicator of the performance of small businesses in the United States at national, state, and industry levels.

Key Points:

The Fiserv Small Business Index is an indicator of the performance of small businesses in the United States at national, state, and industry levels.
According to this month’s Fiserv Small Business Index , spending at small businesses held steady to start the year, growing +0.1% month-over-month to remain at an index of 138, unchanged from December.
“Small businesses maintained steady sales in January despite harsh weather conditions impacting much of the country,” said Prasanna Dhore, Chief Data Officer at Fiserv.
“Small businesses in the Retail sector outperformed the small business category overall, with growth driven by consumer spending on building materials, health and personal care, and general merchandise.

BuyProperly and Trinnium Equity Group Partnership Provides Open Access to Real-Estate Investment and Upgraded Rental Housing for the San Antonio Region

Retrieved on:

Monday, February 5, 2024

Partnership, Investment, Building material, SAN, Housing, Machine learning, AI

SAN ANTONIO, Feb. 5, 2024 /PRNewswire/ -- BuyProperly, a North American marketplace for alternative investments, today announced its partnership with Trinnium Equity Group, a recognized expert in multifamily apartments. The deal, which brings Vivid Apartment Homes onto the BuyProperly marketplace, introduces another accessible real estate investment opportunity for North Americans, demonstrates how forward-thinking developers are accessing capital to solve fundamental challenges like the housing shortage, and marks BuyProperly's entrance into the San Antonio market.

Key Points:

SAN ANTONIO, Feb. 5, 2024 /PRNewswire/ -- BuyProperly, a North American marketplace for alternative investments, today announced its partnership with Trinnium Equity Group , a recognized expert in multifamily apartments.
"For nearly a decade, Trinnium Equity Group has been making world-class investment opportunities accessible to everyday real estate investors and quality rental housing available in their communities," said Khushboo Jha, Founder and CEO of BuyProperly.
The housing crisis across North America has created a high-demand for quality rental properties that remain affordable, particularly in areas like San Antonio.
"There is clearly a need for rental housing in San Antonio and the region is very attractive to investors, even across state borders.

Secure Solar Futures Adds Interim CEO, Project Management Director and Other Staff

Retrieved on:

Thursday, February 1, 2024

Growth, CFO, EPC, Building material, Kraybill, Business development, Rich, Software, Engineering, Workforce, Renewable energy

Staunton, VA, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Secure Solar Futures has appointed Macon Rich as interim CEO.

Key Points:

Staunton, VA, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Secure Solar Futures has appointed Macon Rich as interim CEO.
Rich has been engaged with the financial direction of Secure Solar Futures since its inception and previously served as CFO.
Before joining the company, Rich served nearly 40 years in financial and management positions in industries including banking, supply chain logistics, and news media.
“Over more than a decade with Secure Solar Futures, Macon has demonstrated his ability to lead a team in a dynamic business environment, which is key to our company’s plans for growth.

Canada's vacancy rate reaches new low as demand outpaces supply

Retrieved on:

Wednesday, January 31, 2024

Tenant, Housing Corporation, RMR, Growth, Specialty store, CMHC, CMAS, City, Building material

As a result, the national vacancy rate for Canada's primary rental market reached a new low of 1.5% in 2023, the lowest recorded rate since 1988, when CMHC began recording a national vacancy rate.

Key Points:

As a result, the national vacancy rate for Canada's primary rental market reached a new low of 1.5% in 2023, the lowest recorded rate since 1988, when CMHC began recording a national vacancy rate.
Average rent growth for 2-bedroom purpose built rental units surveyed in both 2022 and 2023, referred to as "same-sample" rent growth, reached 8% in 2023, well above historical averages.
(see table below)
Although most Canadian cities saw increased rental supply, it was not enough to keep pace with increased demand pressures, caused mainly by high population and employment growth.
The average vacancy rate for rented condominiums in the 17 census metropolitan areas (CMAs) surveyed by CMHC fell to 0.9% in 2023, down from 1.6% in 2022.

A New Standard for Material Testers: 'Connected CMT Machines' Promise Speed, Accuracy

Retrieved on:

Wednesday, January 31, 2024

Originality, Building material, Clutch (eggs), Compression, Connected, CMT, Software, Calibration, Printed circuit board

ZELIENOPLE, Pa., Jan. 31, 2024 /PRNewswire/ -- Forney LP, the leading manufacturer of construction materials testing (CMT) machines, equipment and software, recently launched a new type of machine that eliminates the possibility of specimen misidentification at the machine. Using a Forney Connected Machine, a technician can load and test a specimen twice as fast and with complete assurance that they are testing the right specimen on the right date. To date, CMT labs that use Connected Machines have experienced 99.9%+ fewer manual errors and 66%+ increase in productivity.

Key Points:

Forney introduces Connected controls to renowned fleet of construction materials testing machines.
To date, CMT labs that use Connected Machines have experienced 99.9%+ fewer manual errors and 66%+ increase in productivity.
It continued with Automatic Machines and now testers can do even more with Connected Material Test Machines."
Increasing demand for transparency, efficiency and accuracy around testing data inspired Forney to continue to innovate, responding with Connected CMT Machines.

AcroMeta Receives Buy-Out Offer for its Controlled Environments Engineering Subsidiary

Retrieved on:

Friday, January 26, 2024

Engineering, NTP, Motherboard, LCD, Research, Republic, Heart, Biotechnology, One-north, Electronics, MOU, Executive, Growth, LSI, Sale, EPC, Party, Health, Building material, Creditor, Negotiation, Airline

Ltd. (the "Purchaser") in relation to the sale and purchase of 100% of the issued share capital of its wholly-owned subsidiary, Acromec Engineers Pte Ltd (the "Buy-Out").

Key Points:

Ltd. (the "Purchaser") in relation to the sale and purchase of 100% of the issued share capital of its wholly-owned subsidiary, Acromec Engineers Pte Ltd (the "Buy-Out").
In addition, the Buy-Out is set to include the novation of LSI's net debt, further strengthening the Group's financial position.
- 6 October 2023 - LSI entered into a Management Agreement with HB Universal Pte Ltd, a subsidiary of Mainboard-listed Ho Bee Land Limited.
Mr Levin Lee, ACROMETA's Executive Chairman, said, "While the controlled environments engineering EPC (Engineering, Procurement, Construction) business still has growth potential, there will be ongoing margin pressures and challenging operating conditions, primarily due to increased costs in energy, manpower and construction materials.

US Top Economist for Concrete, Construction Industry Releases 2024 Financial Forecast

Retrieved on:

Wednesday, January 24, 2024

CHIPS, Senior, Research, Policy, Concrete, Administration, IIJA, PCA, Water, Safety, COVID-19, Airport, Building material, Market intelligence, Internet, Construction, Education

Sullivan explained some of the determining factors for this year’s forecast include the end of the COVID-19 relief programs, the lagged impacts of monetary policy and credit tightening. (Slide deck summary of predictions-- http://tinyurl.com/9xv85j6f)

Key Points:

Sullivan explained some of the determining factors for this year’s forecast include the end of the COVID-19 relief programs, the lagged impacts of monetary policy and credit tightening.
(Slide deck summary of predictions-- http://tinyurl.com/9xv85j6f )
He added that despite an expected economic slowdown, the chance of a recession this year is unlikely.
“In terms of the construction outlook, there will be a battle between interest sensitive construction sectors and less interest sensitive construction activity such as infrastructure spending and the construction of large manufacturing plants associated with the CHIPS act,” Sullivan said.
Also vital to the construction industry this year is business driven by the Infrastructure Investment and Jobs Act (IIJA), which represents $550 billion in new infrastructure spending.