The 2020 Mid-Year Economic Update_long

Day: February 5, 2007

Building Materials Holding Corp. 2006 Sales Up 11%

Building Materials Holding Corporation, San Francisco, CA, provider of construction services and building materials to professional residential builders and contractors, reported sales for the fourth quarter of 2006 decreased 26% to $608 million from $818 million in the same quarter a year ago. For the year ended Dec. 31, 2006, sales increased 11% to $3.2 billion from $2.9 billion in 2005.

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Net income for the fourth quarter of 2006 was $4.5 million compared to $33.5 million in the same quarter a year ago. For the year, net income was $102.1 million compared to $129.5 million in the same period of 2005.

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Robert E. Mellor, Chairman, President and CEO, said: Our fourth-quarter results reflect the ongoing correction of inventory levels ...

Canadian Price Index Up 3.6% in 2006

Prices charged by manufacturers in Canada, as measured by the Industrial Product Price Index (IPPI), were up&nbsp ; 1.4% in December from the month before thanks to a significant increase in prices for petroleum and coal products, primary metal products, and motor vehicles. Higher prices were observed in the majority of product groups.

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On a 12-month basis, the IPPI rose by&nbsp ; 3.6%, a higher rate of growth than the year-over-year increase recorded between September and November. The upward pressure came mainly from higher prices for primary metal products, pulp and paper products as well as fruit, vegetables and feed products.

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The Raw Materials Price Index (RMPI) was up by&nbsp ; 5.2% from November to December, closing the year ...

Gates Corp. Launches Store at PTPlace

Gates Corporation's Industrial Power Transmission division has launched an online store at, an e-commerce Web site that offers authorized U.S. distributors the convenience of ordering the firm's complete line of belt drive system products from one popular internet mall.

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PTPlace is a key component of Gates equity investment in CoLinx, LLC, which took place in 2006. CoLinx provides e-business and logistics services and manages the e-commerce portal and PTbroker system-to-system connection. Through these programs, over eight million transactions are processed per year between manufacturers and their authorized distributors.

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At the PTPlace mall, Gates joins Rockwell Automation, The Schaeffer Group, SKF and ...

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