Eco Building Products Ramps Up Shipments Amid Green Construction Boom
Eco Building Products, Inc. (OTCQB:ECOB) is capitalizing on the growing demand for environmentally friendly construction materials. The company, which manufactures treated wood products and retails eco-friendly building materials, is experiencing increased shipments as the spring building season begins. Recent truckloads of their "Eco" branded products are being distributed to various facilities, including Colton, Augusta, Fair Lawn, and Salem, to fulfill orders from major clients like Jacuzzi and leading retailers such as Home Depot (NYSE:HD).
The company’s innovative product line, which includes "Red Shield" and other patent-pending technologies like ECOB WoodSurface Film™ and FRC™, offers superior protection against mold, fungus, decay, termites, insects, and fire. These products are being used in high-profile projects, including the construction of "the most defensive home ever built in the Northeast," a rebuild effort following Hurricane Sandy. Eco Building Products is also expanding internationally, supplying materials to Mexico for Jacuzzi’s hot tubs and other finished goods.
Despite a volatile stock price that has fluctuated from near $0.001 at the start of 2014 to a high of $0.009 in February before settling at $0.004, the company’s growth prospects remain promising. With a market cap of $9 million and 1.8 billion shares outstanding, Eco Building Products is positioned for further expansion. CEO Steve Conboy expressed excitement about the company’s role in leading the industry into the future of wood protection, comparing it to the impact of Trus Joist in the engineered wood sector.
Analysts predict that the green building materials industry will more than double in the next six years, growing from $116 billion in 2013 to $254 billion by 2020. Eco Building Products is well-positioned to benefit from this trend, with its unique offerings and growing distribution channels. However, investors should conduct proper due diligence, as the company’s share structure may need cleanup through a split or repurchase plan.