subject: Patk, Nwtt, & De: John Deere Responds To Logger Challenges With Improved H-series Skidders [print this page] Patrick Industries, IncPatrick Industries, Inc. (Nasdaq: PATK),
Patrick Industries, Inc. is a major manufacturer of component products and distributor of building products serving the recreational vehicle, manufactured housing, kitchen cabinet, household furniture, fixtures and commercial furnishings, marine, and other industrial markets and operates coast-to-coast through locations in 12 states. Patrick's major manufactured products include decorative vinyl and paper panels, wrapped profile mouldings, cabinet doors and components, interior passage doors, slotwall and slotwall components, and countertops. The Company also distributes drywall and drywall finishing products, electronics, adhesives, cement siding, interior passage doors, roofing products, laminate flooring, and other miscellaneous products.
Patrick Industries is a major manufacturer and distributor of building and component products for the recreational vehicle (RV), manufactured housing (MH) and industrial markets, today reported increased sales and net income for the second quarter and six months ended June 27, 2010.
For the second quarter of 2010, Patrick reported a 50% increase in net sales to $83.9 million from $55.9 million in the 2009 period, based largely on improving conditions in the RV industry. According to industry associations, wholesale unit shipments in the RV industry, which represented approximately 57% of the Company's sales in the quarter, increased approximately 80% in the second quarter of 2010 compared to the prior year period. The Company estimates that unit shipments in the MH industry, which represented approximately 29% of sales in the second quarter of 2010, were up approximately 13% from the second quarter of 2009, marking the first quarter-over-quarter increase in unit shipments since 2006. The industrial market sector, which is tied to the residential housing market, accounted for approximately 14% of the Company's second quarter sales.
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NW Tech Capital Inc.(PINK SHEETS:NWTT)
NW Tech is currently working on raising the company value back for its shareholders and seeks viable candidates to merge into NWTT. The company management has been seeking viable businesses to vend in in North America, Asia, and Europe. The company is determined to reenter the public markets as a viable and respectable business.
NW Tech has located a second possible US-based merger candidate, and has initiated talks with a view toward entering into a merger. The company of interest has been established in the marketplace for over a decade and produces an innovative synthetic agriculture product that has been carried by several major retailers.
The company produces a synthetic straw that greatly aids farmers by having a much higher burn temperature than natural straw, which as a result greatly reduces product loss from fire. This product lasts longer than natural straw, does not attract weeds, does not mold and, thanks to its high density, does not blow away in the wind to the same degree as natural straw does.
With the latest news that the Federal Republic of Germany and the State of Baden-Wuerttemberg have been funding and have now developed a method of making fuel for automobiles from, of all things STRAW, the target company could add some real value to NWTT shares.
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John Deere (Deere & Company NYSE: DE)
John Deere is a world leader in providing advanced products and services for agriculture, forestry, construction, lawn and turf care, landscaping and irrigation. John Deere also provides financial services worldwide and manufactures and markets engines used in heavy equipment. Since it was founded in 1837, the company has extended its heritage of integrity, quality, commitment and innovation around the globe. John Deere Construction & Forestry produces more than 120 machine models and distributes its construction, forestry and worksite products through a network of more than 1,300 dealer locations worldwide.
In response to common productivity and operational challenges throughout the logging industry, John Deere has introduced new Autoshift functionality on its popular line of H-Series Skidders. The elimination of shifting allows operators to use their right hand to run the grapple and focus on pulling the load, which effectively makes the skidder easier to operate, increases productivity and decreases operator fatigue.
The Autoshift option leverages the fuel efficiency advantage of direct drive and lock-up torque converter (LUTC) transmissions, and automatically selects the optimal gear for a given load.
"The H-Series skidders are built to maximize uptime, satisfy a wide-range of customer preferences, and keep operating costs down," said Elizabeth Quinn, Product Marketing Manager, Skidders and Wheeled Feller Bunchers. "Faster load gathering and ground speed combined with best-in-class fuel efficiency ensure the H-Series Skidders move the most wood at the lowest cost per ton."
PowerTech Plus Tier 3 emission-certified diesel engines for fuel economy deliver power without compromise in all conditions. Whether on steep slopes or swamp conditions, these H-Series Skidders with Autoshift can handle all types of wood.
The Autoshift option is available in all John Deere skidder models540GIII and 640H Cable Skidders, and 548GIII, 648H, 748H and 848H Grapple Skidders.
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