News Column

United States : ECO BUILDING PRODUCTS secures $3.4 million financing deal

June 10, 2014

Benefiting from $3.4 million in new financing, Eco Building Products Inc. will fill a backlog of purchase orders from major retail customers and increase production capacity for Eco Red Shield Lumber.

The financial agreement will put Eco Building Products in a state of positive cash flow. The company said it will enter into an expandable revolving credit facility agreement for $1.2 million to support its supply chain, so that this will allow it to increase its marketing efforts and demonstrate long term sustainability to its customers.

Eco Building Products manufactures treated wood products that are protected from fire, molds, fungus, rot and insects due to the company s WoodSurfaceFilm and FireResistantCoating, which make up Eco Red Shield.

Lowe's Companies Inc. announced the release of its 2013 Corporate Social Responsibility Report, which provides a snapshot of Lowe's progress in promoting the well-being of its employees, its communities and the environment.

Weyerhaeuser Co. commenced its exchange offer to the split-off transaction of its home building business, Weyerhaeuser Real Estate Company.

The exchange is in connection with the "Reverse Morris Trust" transaction. The exchange is expected to be tax-free to participating Weyerhaeuser shareholders.

Hardwood exports showed an increase of 14% in March to 142.8 million board feet, the second highest monthly total.

Worldwide demand for North American hardwoods was fairly strong, but some markets cooled off, particularly in Asia.

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Source: TendersInfo (India)

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