M-D Building Products Sees Increased Demand for Its Weatherproofing Products Spurred by the Recently Passed American Recovery and Reinvestment Act/Stimulus Bill

April 21, 2009

Company Gears Up to Help Weatherize America OKLAHOMA CITY--(BUSINESS WIRE)--M-D Building Products in Oklahoma City expects demand for its weatherization products to increase over the next year due to the stimulus bill recently signed into law by President Obama. The bill channels over $5 billion to fund weatherization programs and increases the tax credits for weatherproofing homes. The bill includes stimulus elements for states to fund the weatherproofing of homes in low income areas. These homes are traditionally older and less energy efficient. In addition, the bill increases the tax credits available to Americans for weatherproofing their homes from 10% to 30%. "The weatherproofing elements of the stimulus plan underscore the essential role conservation will play in helping our country achieve the greater goal of decreasing our energy dependence on some foreign sources over the next ten years. This bill provides the incentives and financing as well as the motivation for Americans to weatherproof their homes," commented Loren Plotkin, President and CEO of M-D Building Products. M-D Building Products, which was founded in 1920, develops, manufactures and markets a range of residential and commercial weatherproofing products, including door and window weather-stripping, garage door weather-stripping, pipe insulation and a complete line of interior and exterior caulk marketed under both the Tower Sealants and DuPont(TM) brands. "As an industry leader in weatherproofing technology, we are pleased energy conservation is front and center in the creation of the new energy movement in our country. Additionally, as an American company, we are pleased and ready to be part of our nation's new energy economy, an economy built on conservation and renewable energy sources," Plotkin said.

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