Construction
A drop in seasonal demand was cited as a reason for the November price drop, as construction activity across most of the U.S. slowed with the start of colder weather.
The deal also brings more products with recycled content to complement RPM's composite products.
PVC sales trends have been unpredictable, a PVC market source says. "Some days [PVC buyers] have good days, and some days sales are really slow. … I'm not sure what the future holds."
Azure's construction technology will repurpose about 100,000 PET bottles for each modular unit, which is priced starting at $19,900 for a 100-square-foot studio and climbs to $199,900 for a 900-square-foot unit with two bedrooms.
The August price drop for PVC was tied into lower construction activity in the region. Construction accounts for 60 percent of the market for the material.
Foam Holdings Inc., a maker of foam packaging products, is adding to the company's network of facilities.
A growing number of siding products also are manufactured with plastic materials other than PVC, prompting the Alexandria, Va.-based Vinyl Siding Institute trade group to change its name to the Polymeric Exterior Products Association (PEPA).
Vinyl Siding Institute becomes Polymeric Exterior Products Association; represents manufactures of decking, fencing, roofing, windows, railing, doors, gutters and downspouts in addition to cladding and trim.
An expanding California home builder is looking at Akron, Ohio, as a potential location for a new factory that would build homes and participate in the region’s federally funded polymer cluster.
An Australian team is using large-format 3D printers and plastic waste to create more affordable housing.
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