Specialist trade cooperation Eurobaustoff yielded a turnover increase of 4.16% between January and September. The strongest growth saw the wood division. Read more ...
A recent formula change to Weyerhaeuser’s coating product Flak Jacket caused a foul smell in about 2,200 homes, as www.bizjournals.com reports. Luckily for the lumber company, most of the affected houses are not yet occupied.
The product containing formaldehyde-based resin can give off a “pickle-like” smell, according to Consumer’s report, and was used on wood floor joists in the basements of the affected houses.
The company announced in a news release that production, sales and shipments of the product have been stopped and unused product will be taken back from consumers.
"Our top priority is to take care of our customers and their customers. We are absolutely committed to doing the right thing and resolving this situation as quickly as possible”, Weyerhaeuser president and CEO Doyle Simons said in the news release.
According to the company, $9 million of the Flak Jacket product were sold since December. The companywide net sales reportedly amounted to about $6.5 billion in 2016.