Results for: Construction Industry

The global plywood market is expected to experience significant growth over the next four years. Rising wages in manufacturing hubs, urbanization and industrialization in emerging economies, innovative products, and concerns for sustainability are key drivers of this growth. The market is expected to grow at a CAGR of 4.36% during the forecast period, with hardwood plywood being a major contributor. Plywood finds applications in various sectors, including concrete shuttering, doors, stairs, and framing, as well as in urbanization, infrastructure projects, and advanced manufacturing techniques.

Western Australia’s renowned residential builder, Collier Homes, has become the latest victim of the construction industry’s downturn, ending its 65-year operation. Appointed liquidators Rob Brauer and Linda Smith of McGrath Nicol are investigating the extent of the company’s financial woes and the number of affected customers. Collier Homes’ website suggests it faced challenges amidst the post-COVID economic climate, including supply shortages, labor constraints, and escalating costs. The company’s collapse comes after a partnership with Lindal Cedar Homes in 2017 saved it from the brink of collapse. Collier Homes, founded in 1959, was acquired by builder Dario Amara in 2017.

Collier Homes, a prominent Western Australian residential builder established in 1959, has announced its liquidation following over six decades of operations. The decision comes amidst challenging market conditions, including supply chain disruptions, construction delays, and rising labor costs.

Simpson Manufacturing Co., Inc. (NYSE: SSD) reported its financial results for the first quarter of 2024, reflecting both challenges and opportunities in the construction industry. The company’s net sales totaled $XX million, showing a modest year-over-year decline. However, CEO Karen Olosky highlighted the strength in the international market, with volumes increasing by 8% and gross margins remaining elevated due to pricing discipline and cost management.