Industry News

Washington, DC – The Equipment Leasing & Finance Foundation (the Foundation) has released its December 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $900 billion equipment finance sector. Overall, confidence in the equipment finance market is 63.9, a decrease from the November index of 64.6.

Iowa Park, TX - S-5!, one of the world's leading authorities on metal roof attachment solutions, is adding new leadership to its Texas manufacturing plant, welcoming Lezlie McInturff as Director of Human Resources.

Washington, DC - The Cold-Formed Steel Engineers Institute (CFSEI) is hosting a 2022 Student Competition on Cold-Formed Steel Design. The contest is open to all full-time students at all levels who are interested in cold-formed steel design and creative problem solving. Entries are due on February 18, 2022.

Bossier City, LA – McElroy Metal, an industry leader in metal roofing and other building components, has published an E-book for architects, specifiers and metal roofing installers called 18 Ways to Reduce Risk When Specifying Standing Seam Metal Roof Panels.

Charlotte, NC - Nucor Corporation (NYSE: NUE) announces that it has reached agreements to acquire a majority ownership position in California Steel Industries, Inc. (CSI) by purchasing a 50% equity interest from a subsidiary of Vale S.A. and a 1% equity ownership stake from JFE Steel Corporation. The company will be a joint venture between Nucor and JFE, pending regulatory approvals.

Washington, DC - The American Iron and Steel Institute (AISI) has published AISI D114-21, “Cold-Formed Steel Clip Angle Design Guide, 2021 Edition,” a new publication that provides practical guidance on the design of cold-formed steel clip angles based on research performed at the University of North Texas.

Pleasanton, CA - Simpson Strong-Tie, supplier of engineered structural connectors, has expanded its lineup of rigid connector angles with the addition of the RCA-C, for attaching cold-formed steel (CFS) stud framing to concrete supports.

Colorado Springs, CO – S-5!, one of the world's leading authorities on metal roof attachment solutions, has been awarded the 2021 Gold Level Industry Advocate Award for outstanding service, participation and support of the Metal Building Manufacturers Association (MBMA).

Olathe, KS - The Reflective Insulation Manufacturers Association International is sharing information on a recently published open-access paper by Dr. Hamed Saber of the Royal Commission for Jubail and Yanbu, Kingdom of Saudi Arabia and Dr. David Yarbrough of R&D Services, Inc., in Watertown, Tennessee. The paper is titled “Advanced Modeling of Enclosed Airspaces to Determine Thermal Resistance for Building Applications.”

Cary, NC - Cornerstone Building Brands, Inc., manufacturer of exterior building products in North America, announces that it has completed the acquisition of Union Corrugating Company Holdings, Inc., a provider of metal roofing, roofing components, and accessories.

Louisville, KY - Metal Sales Manufacturing Corporation, a premier nationwide provider of metal roof and wall panels for the construction industry, received two separate awards during the recent Do it Best Fall Market. Metal Sales received “Vendor of the Year” in the Building Materials Category and “Top Overall Vendor of the Year” in Lumber and Building Materials Category.

Pittsburgh, PA – Vorteq Coil Finishers, LLC, a leading provider of coil coating services for a wide range of metal products and multiple end-use markets, has announced the completion of a management-led buyout. Collaborating with Shadowbriar Capital Partners, Vorteq's senior leadership team partnered with private investors to acquire Vorteq from Los Angeles-based Peninsula Pacific.

Rosemont, IL - A coalition of industry trade associations representing contractors, consultants and manufacturers in the U.S. and Canada has completed its Quarterly Market Index Survey for Reroofing for the third quarter of 2021.

Washington, DC - The Cold-Formed Steel Engineers Institute (CFSEI) is accepting entries through February 18, 2022 for its annual awards program, which acknowledges outstanding achievement in creative design, technical innovation, and best practices in the use of cold-formed steel and recognizes individuals who have volunteered significant time and talent to the cold-formed steel industry.

Dublin, Ireland - The Mercedes-AMG Petronas Formula One Team has announced that high-performance insulation and building envelope solutions group Kingspan has joined the team in a global sustainability partnership.

Allentown, PA - Dick Bus, President of ATAS International, has received an Icon Honors award. The awards, presented on November 4, recognized Greater Lehigh Valley business leaders for their notable success and demonstration of strong leadership both within and outside of their chosen fields. The awards not only celebrate the recipients’ leadership skills, but also their dedication to their community.

Colorado Springs, CO – S-5!, one of the world's leading authorities on metal roof attachment technology, has announced a new addition to its PVKIT® direct-attach™ solar solution for metal roofs.

Arlington, VA - Total construction spending edged higher in October, as gains in public and private project types outmatched decreases in single- and multifamily residential outlays, according to a new analysis of federal construction spending data released by the Associated General Contractors of America.

Washington, DC - Confidence in the market for new multifamily housing improved in the third quarter of 2021, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB).

Washingon, DC — Associated Builders and Contractors’ Board of Directors has elected Stephanie Schmidt, president of Poole Anderson Construction, State College, PA, as the 2022 ABC national chair of the board of directors during a meeting at the association’s annual Leadership Institute in Aventura, FL.