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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: napoopoo1 who wrote (4062)6/13/2001 2:00:49 PM
From: Terry Whitman  Respond to of 33421
 
Certainly the strong dollar (re: cheap imports) has alot to do with the poor market for wallboard. It looks like GP may be giving up on the wallboard business-

`Current market conditions for wallboard are forcing us to take action now to close these facilities and reduce our overall production,'' said A.D. ``Pete'' Correll, chairman and chief executive. ``These steps are critical for the long-term viability of our wallboard business.

``Current capacity and pricing levels in the wallboard business are unsustainable and operating our plants at full production is unprofitable for Georgia-Pacific,'' he said in a statement.



To: napoopoo1 who wrote (4062)6/13/2001 2:29:52 PM
From: stomper  Respond to of 33421
 
I would be shocked if the slowdown wasn't attributable to the economy. Last year there were drywall shortages everywhere. It was a real mess for the construction companies and I doubt the makers would slow production unless they were certain demand is waning.

-dave


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