Maple wood floors on basketball courts is celebrated with March Madness, as Timber Products contributes to the production by Connor Sports Flooring for the Final Four next month in Houston and Indianapolis.
Pricing of March lumber futures spiked on initial reports of Japan's massive earthquake, then fell back, though May futures are still elevated. Equity investment flowed to the wood industry, with acquisitions in Canada (Westridge Cabinets) and equity in the U.S. Lowe's, bullish on recovery, expanded its cabinet making operation; and Sauder Woodworking invested heavily in IT.
orts, gateways for lumber and wood products were unaffected, but some Japan freighters were put on hold.>>
As the NCAA playoffs commence, Connor Sports Flooring is guaranteed a berth, each year taking to the court to provide the official playing surfaces of the National Collegiate Athletic Association Final Four men's and women's playoffs. Timber Products supplies much of the maple used in the floors.
Sauder Woodworking Co. has contracted with Siemens in a comprehensive upgrade of IT and telephony for across the manufacturing plants at this $450-million wood industry manufacturer of ready-to-assemble and other furnishings.
Built by a German energy firm, it will export 750,000 tons of wood pellets to European generators each year.
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