News
July Mexico Manufacturing Index Improves
The July seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) was 53.2, growing 2.3 points from June and marking the most progress in more than seven years. Manufacturers reported significant growth in new orders and production. The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and
CPA Digital Subcommittee Launches LinkedIn Initiative
CPA’s newly created Digital Subcommittee, under the Marketing Committee, has developed an initiative through LinkedIn to promote member involvement and volunteerism within the composite panel industry. To participate, members can proudly display the newly created “member badge” logo on a LinkedIn profile and also add volunteer positions held on CPA boards, committees, subcommittees and task
August 15 Deadline for Innovation Award Nominations
The deadline for the new Innovation Awards submissions is August 15. Developed and managed by CPA’s Decorative Surfaces Council (DSC), the program recognizes significant and creative advances in technology, product development and service solutions in the industry. This is a separate award from the current recognition program for plant safety innovation at manufacturing facilities. Further
Fastmarkets RISI Particleboard and MDF Commentary Published
The July issue of the Particleboard and MDF Commentary has been published and includes a detailed economic analysis of the North American market. The Commentary is published monthly by Fastmarkets RISI and permits CPA to republish issues quarterly as a benefit to members. See Particleboard and MDF Commentary
Genesis Products Welcomes New Leaders
Genesis Products, Elkhart, IN, named Wayne Gordon as Product Director of Surfaces and Chris Tutuska as Product Director, mainly of TFL panels and cabinet doors at the company’s Funder division in Mocksville, NC. Gordon has been in the industry for 30 years, including a decade in printing, while Tutuska has ten years of experience in
Consumer Confidence Improves in July
U.S. consumer confidence in July registered at 117, increasing 6.9 points from June and marking the highest index in two years, according to The Conference Board Consumer Confidence Index. The index measuring current business and labor market conditions rose 4.7 points to 160 in July. The short-term outlook index for income, business and the labor markets grew
CPA Submits Priorities for Canadian 2024 Pre-budget Consultation
The Canadian House of Commons Standing Committee on Finance (FINA) is seeking input on priorities for the 2024 federal budget through its annual pre-budget consultation process. CPA submitted five recommendations for consideration, including support for supply chain disruptions attributable to forest fires, dedicated funding for sector capital projects and decarbonization initiatives, credit creation opportunities for
August 15 Deadline Approaching for Innovation Award Submissions
The submission deadline for the new Innovation Awards program is Tuesday, August 15. Developed and managed by CPA’s Decorative Surfaces Council (DSC), the program recognizes significant and creative advances in technology, product development and service solutions in the industry. This is a separate award from the current recognition program for plant safety innovation at manufacturing
CPA LinkedIn Initiative Continues
CPA launched a LinkedIn initiative earlier this month to promote member involvement and volunteerism and to foster networking within the industry. Members can now proudly display a “member badge” on their LinkedIn profile and add volunteer positions through CPA boards, committees, subcommittees and task groups to enhance their professional experience. This initiative was developed through
June U.S. Manufacturing Shipments Strengthen
Seasonally adjusted shipments for all U.S. manufacturing industries in June increased 0.1% from May to $573.9 billion. Wood product shipments were down 0.4% in June to $13.3 billion compared to the prior month. Shipments of furniture and related products grew 0.7% from May to $6.9 billion. New orders for all U.S. manufacturing improved 2.3% from
U.S. Manufacturing Index Decline Tempers in July
The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) in July was 49, increasing 2.7 points from June. Manufacturers reported a continued decrease in new orders but a boost in employment as the industry outlook improved. The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and
Q2 Canadian Hotel Construction Projects Expand
Canadian hotel construction projects in Q2 2023 rose 5% from 2022 to 275, representing 37,359 rooms. Projects planned for the next 12 months dropped 10% compared to Q2 2022, with 88 projects and 10,086 rooms anticipated. Construction in the “early planning stage” grew 30% to 135 projects representing 20,252 rooms. See Canadian Lodging Econometrics