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Goldman Sachs Wins Award for Using FSC-Certified Wood

Goldman Sachs has received the first annual “Designing & Building with FSC Award” for its new building at 30 Hudson Street in Jersey City, NJ. The annual award recognizes building projects that further responsible forest management through the use of FSC-certified wood products (Forest Stewardship Council). Project entries were judged on the inclusion of FSC-certified wood products, efforts to incorporate certified forest product market transformation, overall wood design and appropriate wood use. All wood products used in the interior of the Goldman Sachs building are certified, including millwork, wood trimming, moldings, veneers, steamed sycamore panels in the main lobby, more than 700 gym lockers, and an astounding 970 interior doors. Completed in April 2004, the building is a 40-story, 1.6 million square foot structure overlooking the Hudson River across from lower Manhattan.Roger Dower, president of FSC-US, said, “the Designing & Building with FSC Award was created to recognize companies that help to transform building markets and the forest products industry through their responsible consumption. FSC is pleased that Goldman Sachs’ commitment to sustainability includes use of FSC-certified woods, and that FSC featured prominently in the design of this project. We are thrilled that they so obviously find value in the […]

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Caraustar Reports Lower Q4, 2005 Results

Caraustar Industries, Inc. (Nasdaq: CSAR), a recycled packaging company, reported lower sales for the fourth quarter – $211 million compared to $211.7 million for the same quarter in 2004. Loss from continuing operations for the fourth quarter of 2005 was $35.6 million, or $1.24 per share, compared to 2004 fourth quarter net income from continuing operations of $8.4 million, or $0.29 per share. The $52.8 million decline in pre-tax operating results was primarily attributable to higher restructuring and impairment costs, higher energy and freight costs, partially offset by lower fiber costs and a $1.1 million increase in equity in income of unconsolidated affiliates. Mill volume, excluding joint ventures and discontinued operations, for the fourth quarter of 2005 decreased approximately 2.6 thousand tons compared to the same quarter last year, as demand was relatively comparable across all paperboard grades. Gypsum facing paper at the company’s 50-percent owned unconsolidated Premier Boxboard Limited LLC (PBL) joint venture increased in volume by 22.5 percent over fourth quarter 2004. Year ended December 31, 2005 For the year ended December 31, 2005, sales from continuing operations were $862.4 million, a decrease of 1.0 percent from sales of $871.5 million in 2004. Loss per share from continuing […]

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Zoltek Reports Strong Growth in Q1

Zoltek Companies, Inc. (Nasdaq: ZOLT), manufacturer of carbon fiber used in wind turbines and other applications, reported continued strong growth in the first quarter of its 2006 fiscal year, combined with improved operating results. For the quarter ended December 31, 2005, Zoltek’s net sales increased 36.6% to $16.7 million from $12.2 million in the first quarter of fiscal 2005. Zoltek reported an operating loss from continuing operations of $880,000, including approximately $460,000 in Sarbanes-Oxley compliance charges, compared with a $1.4 million operating loss in the comparable period in fiscal year 2005. “We are pleased to report that the increased sales and improved financial performance are largely due to the performance of the Abilene plant after we made the necessary management changes that we previously reported,” Zsolt Rumy, Zoltek’s Chairman and Chief Executive Officer said. “Our sales are still constrained by our carbon fibers capacity utilization, which will continue to improve during subsequent quarters. We are also adding substantial new capacity during the remainder of this fiscal year and beyond. “We are especially pleased to report that in the quarter ending December 31, 2005 the Carbon Fiber Business Unit’s operating profit was $413,000 compared with a $1.6 million loss in the […]

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Union Pacific Acquires 60 Environmental Locomotives

Union Pacific Railroad announced it has signed a contract with National Railway Equipment Co. to build 60 environmentally responsible low-emission diesel locomotives for use in its Los Angeles Basin rail yards. The new 2,100-horsepower locomotives are called “Generator-Set,” or “Gen-Set,” switchers. Each locomotive is powered by three 700-horsepower low-emissions U. S. Environmental Protection Agency (EPA) non-road Tier 3-certified diesel engines projected to reduce emissions of both nitrous oxides and particulate matter by up to 80 percent, while using as much as 40 percent less fuel compared to current low-horsepower locomotives. Union Pacific began studies and tests of the proto-type Gen-Set switcher locomotive in 2002. Union Pacific will receive 30 of the new low-horsepower locomotives in 2006, with the remaining 30 to be delivered in 2007. These new locomotives will be used to serve customers and sort rail cars for outbound trains. Currently, about 47 percent of Union Pacific’s more than 8,200-unit locomotive fleet is certified under existing EPA Tier 0, Tier 1 or Tier 2 regulations which govern air emissions. That gives Union Pacific the most environmentally friendly locomotive fleet in the nation. It is anticipated that these locomotives will receive California Air Resources Board (CARB) recognition as Ultra-Low Emitting […]

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Clean Car Programs Cut Emissions by More Than the National Emissions of 140 Countries

Clean cars programs adopted by 10 states will reduce global warming emissions by 64 million metric tons per year in 2020, an amount greater than the national emissions of more than 140 nations, according to a new report released today by the U.S. Public Interest Research Group (U.S. PIRG). By 2020, the Clean Cars Programs in these states will eliminate as much carbon dioxide pollution annually as is produced by 63 coal-fired power plants generating enough power for nearly a quarter of U.S. homes. “The pollution reductions from the clean cars standards in these 10 states alone will make a significant dent in the world’s global warming emissions,” said U.S. PIRG Clean Air & Energy Advocate Emily Figdor. “While the Bush administration muzzles scientists about the threats of global warming, these states are making real progress in reducing global warming pollution.” Depending on how automakers choose to comply with the standards, the Clean Cars Program also could reduce gasoline consumption by as much as 7.2 billion gallons per year in 2020 nearly as much as is consumed by all the vehicles in Florida in a year and save consumers up to $16.7 billion annually at the pump in 2020. “It’s […]

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