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Posts Tagged ‘major component’

Drew Draws Top RV Industry Number

July 8th, 2013 Comments off

Drew Industries, Inc., (NYSE:DW) had one of the highest return on assets (ROA) of all the recreational vehicle (RV) stocks on the New York Stock Exchange (NYSE). The parent company of Lippert Components and Kinro Inc., Drew has a trailing-twelve-month ROA rate of 9.37 percent, behind Polaris Industries with 22.44 percent return on assets and Thor Industries with a 10.26 percent. According to Benzinga, Drew had $4.03 million in cash for the most recent quarter. As MHProNews, Drew is also a major component supplier to the manufactured housing industry.

(Image credit: Drew Industries, Inc.)

Manufactured Housing Component Supplier puts Project on Hold

June 19th, 2013 Comments off

As follow-up to a story MHProNews posted Feb. 27, 2013 concerning Universal Forest Products, Inc. (UFPI) taking over a former manufactured housing facility in Silverton, Ore., city officials now say UFPI has put those plans on hold. Silverton City Manager Bob Willoughby says the 126,000 square-foot building, once occupied by Redmond Homes, was set to combine UFPI’s operations in McMinnville and Woodburn, Ore. As statesmanjournal reports, the project has been delayed indefinitely, and calls to the company did not elicit a response. UFPI, a major component supplier to the manufactured housing industry, had filed an application with the town’s planning commission that would have created 100 jobs.

(Photo credit: Universal Forest Products, Inc.)

New Composite Outperforms Wood, other Composites

March 11th, 2013 Comments off

WoodworkingNetwork informs MHProNews that Universal Forest Products, Inc. (NASDAQ:UFPI) has developed a “fiberized thermoplastic-mineral composite that replicates the fibrous structure of wood.” It’s durability, strength, stability, aesthetic, and workability are equal to or better than wood, and improves upon the strength of wood-plastic composites. Eovations, as it is called, can replace wood, wood-composites, plastic and metal anywhere there is a need for lighter, longer-lasting material, such as in furnishings, construction, landscaping structures, railroad ties, boat docks, and recreational equipment. Claude Brown of Eovations says, “The material can be machined, milled, cut and drilled using basic carpentry skills and common woodworking tools,” Brown says. “Fastener acceptance and hold is excellent using conventional nails, screws and staples. Variations of the composite readily accept common paints, allowing durable, attractive finishes to be applied during product manufacturing or in the field.” UFPI is a major component supplier to the MH industry.

(Photo credit: woodworkingnetwork–Eovations by UFPI)

Lippert Rebrands Division and Consolidates Manufacturing

November 12th, 2012 Comments off

RVBusinss says Lippert Components, Inc., a subsidiary of Drew Industries, Inc., has announced plans to re-brand its seating and furniture operations into Lippert Interior Solutions, and consolidate its seating manufacturing operations into one 160,000 manufacturing plant instead of the current two 70,000 square foot facilities. Says LCI Director of Product Development Jeff Few, “Consolidating the wood division, the steel division, and the foam cutting operation streamlines management and communications, and accelerates production and product development while increasing quality control and improving design.” The new plant will be up and running the first quarter of 2013 and will result in added employment. As MHProNews has leaned, Drew is a major component supplier to the MH and RV industries.

(Image credit: Lippert Components, Inc.)

MH Component Stocks Rise

October 8th, 2012 Comments off

Investors tells MHProNews the stocks of Patrick Industries (PATK) and Drew Industries (DW) surged this past week. Drew advanced seven percent, and Patrick, which jumped 20 percent at the beginning of the week, settled at plus 13 percent. Both companies are major component suppliers to the manufactured housing and RV industries. According to the report, the annual RV show in Pennsylvania in Sept. saw record sales in some instances. Berkshire Hathaway’s (BRKA) Forest River subsidiary, which also makes modular and HUD Code homes, sold “virtually hundreds of units” at the show.

(Image credit: Wikipedia historic)

CATO CEO Says Free Markets Are the Answer

September 26th, 2012 1 comment
alison-john-cato-ceo-credit-united-liberty-posted-mhpronews.com-daily-business-news-The CATO Institute’s CEO, John A. Allison, is making the case that free markets not government are the solution to what caused the banking crisis. In his book,”The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy’s Only Hope.” In a column to AB, Allison states that: “Many life insurance companies and other investors like having government guarantees on their assets (via Freddie, Fannie, or the FHA). However, this is very destructive public policy because it pushes the risk to taxpayers and not market participants.” Alison also said, “A major component of the solution will be provided by existing commercial banks that retain home mortgages in their portfolios the way the S&Ls did. One of the few major economic systems to have limited problems as a result of the financial crisis is Canada. One reason the Canadian banks did relatively well is that they portfolio home mortgages. While there are some housing subsidies in Canada, the banks do not have to compete with the government, that is, Freddie, Fannie, and the FHA. Also, since the banks were holding the mortgages on their books, they cared about the credit risk and underwrote the risk rationally.”
(Photo Credit: United Liberty)