iqtion news

Mountain States Lumber & Building Material Dealers Association's W.O.O.D. committee golf tournament is set for July 9 at The Ranch Golf Club. Denver. Co.

Lumber Association of California & Nevada will hold its 2nd Growth summer conference July 2022 at the La Quinta Resort, Palm Springs, Ca.

Big Bucks For Big Box C.e.o.

Home Depot president and c.e.o. Robert L. Nardelli will reportedly receive $1.5 million in salary for his first full year running the company and will be named chairman by year end.

The 52-year-old former GE executive also was granted a $10 million loan that will be forsiven if he remains with the firm for five years, plus he received 3.5 million shares of stock options at $40.75 each, according to the Securities Exchange Commission. In addition, Depot will pay Nardelli a minimum $3 million annual bonus after the next fiscal year and will award him options to purchase at least 450,000 shares of common stock.

Western Buitding Material Association plans its mid-year meetings for July 2l-23 at the Shilo Inn, Lincoln City, Or. The Young Westerners Club, board of directors, insurance trust and executive committees will meet.

Western Hardwood Association is headed to Sunriver, Or., June 22-25 for its annual meetins.

His predecessor, co-founder and co-chairman Arthur Blank. 58. who is set to retire this month, received $1 million in salary last year, while cofounder and co-chairman Bernard Marcus, 71, received $900,000.

While both men remain significant shareholders, neither receives annual stock option grants, and both declined their $2-$3 million bonuses last year.

APA Production Outlook

U.S. and Canadian structural panel production is expected to decline 23Vo this year for the first time in a decade, according to the annual fiveyear production and market forecast by APA-The Engineered Wood Association.

The group forecasts housing starts to decline by roughly 54,000 units, to 1.54 million in 2001, while new OSB capacity is projected to be about 9 billion sq. ft.

In addition, production of glulams will increase 307o, wood I-joists 50%, and laminated veneer lumber 4OVo over the next five years, during which industry capacity should run at 867o to 907o, after operating at over 9O7o from 1997 to 2000.

There are a lot of good reasons for carrying L-P Solid Starc products: wide variety a limited lifetime warranty and the fact that they build great homes.

Full line now available in stock: o LPl" 20 and 32 series l-joists (solid sawn flanged)

. CTR'" 150 and 250 series l-joists (Gang-Lam" LVL flanged)

. LPI 36 and 56 series l-joists (Gang-Lam LVL flanged)

. Gang-Lam 2650 Fb and 2950 Fb beams in standard and billet thicknesses (1-314" to 7" thick)

. Solid Start rim board

For more information, including a copy of our warranty, contact Huff Lumber.