FI-3, ANDEfN-! LUMBER COMPANY

More Plywood Demand

Stronger plywood dentand fiorr.t all nonhousing ntarkets will nearly offset an anticioated downturn in the residential consiruction industry later this year, according to a 45-page APA report, "Plywood End-Use Markctirtg hoJiles 1977-1979."

APA market analysts are forecasting total industry production of 19.1 billion sq. ft. during 1978, a slight decline fron.r last year's record of 19.3 billion. An expected l.rousing upturn in the second quarter of 1979 and continued strong demand from nonhousing markets will boost production to a projected 20.3 billion feet next year.

The minor housing slump will be matched by increased demand fronl all other plywood markets, including home repair and remodeling, up 4/o from 1977;, concrete forming-, up- l2%; nonresidential construction (not including concrete forming), up ll%: materials handling, up l8%; transportation equipment, up lWo; and exports, up 2l%.

The residential construction industry will consume an estimated 43% of total 1978 plywood pro- duction, according to ihe marketing studv.

AtBUOUEB0UE Hoo-Hoo Club initiated 15 new members (top left) recently. 80 were present for the meeting, which was also an Old Timen Night. Bight. Vaughn Justus, a past president with current international club pres. Laurn Champ and 56year member Noah Wynn. Jack Cheshire, a past-pres. (lower left) gets a not-tooserious award. Lower right. Brand-new member Nino Trujillo, Jr.; president Champ, and retailer Nino Trulillo, who has stores in Peralta and Grants, N.M. Visitors included club officer Jim Jones. from Vallejo. Ca.