US Georgia Gulf poised for homebuilding rebound - execs

16 February 2012 20:21  [Source: ICIS news]

HOUSTON (ICIS)--US chlor-alkali producer Georgia Gulf said on Thursday the company is well-positioned to take advantage of an expected increase in US home construction in 2012.

The company expects the homebuilding sector to rebound in March and April, chief executive Paul Carrico said during a conference call with investors.

But he cautioned that those expectations may not play out fully.

Housing construction is a key downstream consumer sector for the chemicals industry, driving demand for a wide variety of chemicals, resins and derivative products such as plastic pipe, insulation, paints and coatings, adhesives, roofing materials and synthetic fibres, among many others.

The American Chemistry Council (ACC) estimates that each new home built represents some $15,000 (€11,400) worth of chemicals and derivatives used in the structure or in production of component materials.

($1 = €0.76)

By: Ken Fountain

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