In 2008, the construction industry entered a sharp decline created by unprecedented volatility in the global financial markets. As the
world's largest integrated manufacturer and distributor of building materials, Oldcastle Building Products (Americas) was not immune
to the impact of the severe financial downturn. After more than thirty consecutive years of unprecedented revenue and profit growth,
Oldcastle encountered market conditions not experienced in the history of our company. We recognized that our intense focus on
superior operating performance and customer service, alone, could not sustain our exceptional record of growth and profitability.
With hundreds of business units and distribution facilities, and thousands of product brands, Oldcastle Building Products (Americas) serves each segment of the residential and commercial construction industry. Our strategic customers have also experienced significant challenges in their markets. We believe that our industry will recover slowly over the next few years. Consequently, we have focused our attention on improving Oldcastle's internal operating performance, while at the same time searching for ways to deliver higher value to our customers.
Following an extensive review of our operating capabilities, industry markets and customer requirements, Oldcastle Building Products (Americas) introduced a highly innovative business solution to the construction industry called Oldcastle OneSource™. This total building products and construction logistics solution combines the world's largest portfolio of factory-direct building materials with the industry's most advanced transportation and integrated construction logistics network.
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As a strategic partner in the project delivery process, Oldcastle is revolutionizing the way large construction projects are delivered. We give project owners, architects and contractors critical data early in the project planning and design phase to make better decisions regarding building products specifications and costs, and construction logistics alternatives. Oldcastle OneSource™ represents a single, expert resource for building materials specification, procurement, value engineering, integrated logistics, and project scheduling. Only Oldcastle OneSource™ can deliver this total building products and logistics solution to your construction project.
We chose to introduce the Oldcastle OneSource™ solution to the Caribbean region because of the inherent project management challenges in this part of the world. Oldcastle Building Products (Americas) has established a joint venture with Oldcastle Caribbean, a Bahamian-owned and operated company, to serve as the exclusive representative for Oldcastle products in the Caribbean. Project owners, architects and contractors in the Bahamas and throughout the region now have access to over 150,000 superior building products, factory-direct pricing, value engineering support, and complete freight consolidation and shipping services-from one, reliable source.
We would appreciate the opportunity to talk with you about how Oldcastle OneSource™ can significantly reduce the costs and risks of your next construction project.
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