CertainTeed Reports Record Annual Sales
CertainTeed Corporation of Valley Forge, Pa., has announced that its sales for 2004 were $2.6 billion, an increase of approximately 12 percent compared to last year.
"Overall, 2004 was a great year for CertainTeed. Despite the raising cost of raw materials, our sales grew more than $250 million over the year prior thanks to our strong, broad product offering and stellar workforce," said Paul Dachowski, president and chief executive officer.
Each of the company's vinyl, polymer and fiber cement siding businesses increased its share of the market, according to the company. A rise in demand for the company's roofing shingles in 2004 reflected a growing acceptance of asphalt designer shingles. Due to the past active hurricane season, it experienced a demand for roofing materials in the southeast region of the U.S.
The company expanded its manufacturing operations with two new production facilities. One facility was for the manufacture of windows in West Sacramento, Calif., and the other was for a manufacture of insulation in Sherman, Texas.
Looking ahead in 2005, the company will continue its product design and development.
"The current challenge throughout the industry is to pace product pricing with the escalating cost of raw materials, employee benefits and logistics costs. We therefore see 2005 as a stable year in terms of sales performance," said Dachowski.
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