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Johns-Msnville Annuol Repod Sees Brighr Building Future

New York City-Johns-Manville sales securement figures for the first two months of 1955 are at a higher level than the same period last year and field reports indicate that this trend will probably continue for the balance of the year, L. M. Cassidy, chairman of the board, told stockholders at tl,eir annual meeting. He said that 1955 could turn out to be a record year and that the long term future for the country's economy and Johns-Manville "is bright indeed." He pointed out that all signs indicate that 1955 will be one of the greatest construction years in tl.re nation's history.

"During the first t',lo months of 1955 many more ne\\. homes were started than a year ago," he said. "fn fact, nen' records were established in January and February.

"At that rate, if the other ten months of 1955 follow the normal seasonal pattern, around 1,40O,000 new homes will be built in 1955, equalling or exceeding the record year of 1950.

"Construction is norv the country's largest industry, exceeding even agriculture and defense. Roughly well over one-seventh of the money spent for goods and services in 7951 rvent into construction. And this year it is estimated that the construction industry's contribution may accorlnt for close to one-sixth of the nation's total output.

"It also appears that this fast pace of construction will continue for some years beyond 1955."

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SECURITY R,OYAI DUTCH PAINT MFG. CO. 162l No. Indicrnq Streel, Los Angeles 63 Telephone: ANgelus l-0358

INCENSE GEDAR,

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Manufacturer and Distributor

said a significant advance in the building materials field was the introduction last year of the Johns-Manville SealO-Matic asphalt shingle, a "patented, exclusive development of Johns-Manville research" considered by dealers and applicators as the "most revolutionary improvement in asphalt shingles in the last 25 years."

Equipment was installed last year for producing new types of industrial insulations at Watson, California, and company production facilities for the manufacture of floor tile and moulded packings have been increased.

When new manufacturing facilities are completed at Waukegan, Illinois, Johns-Manville expects to double its sales of friction materials, Mr. Fisher said, while completion of a synthetic silicates plant in early 1956 at J-M's Lompoc, California, diatomite mine, will add to the company's sales volume.

The first half of the "largest asbestos mill in the rvorld" has been completed at the company's Jeffrey Mine, Asbestos, Quebec, and the entire mill will be finished in 1956, Mr. Fisher said.

Other Johns-Manville expansion last year in Canada included construction of a new sales office and warehouse on the outskirts of Toronto and additional facilities for production of asbestos-cement products at the Toronto plant where, for the first time in Canada, will be manufactured Flexboard, a J-M building material rvith a big market in home, farm and commercial and industrial construction.