Home Depot shuts 15 US stores amid weak demand

01 May 2008 17:01  [Source: ICIS news]

HOUSTON (ICIS news)--Home construction supplies retailer The Home Depot announced on Thursday that it will close 15 outlets in the US, a reflex of the weak housing market.

Housing is a key downstream chemical market. Each house has an average of $16,000 (€10,240) worth of chemistry, according to data from the American Chemistry Council (ACC).

Chemical products in housing include roofing materials, adhesives, insulation, siding, paints and coatings, and polyvinyl chloride (PVC).

($1= €0.64)

For more on PVC visit ICIS chemical intelligence

By: Steven McGinn
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