Northbrook, Ill.-based Underwriters Laboratories Inc. is restructuring for global and green growth. The 114-year-old product-safety testing organization says it is creating five new operating units: product safety, UL University, environmental services, life and health sciences and verification services. Critical to the growing green market is UL’s new environmental claims validation service and its sustainable-products certification service. “Both are brand new services that are part of a new company that is wholly owned by UL called UL Environment Inc., Geneva, Switzerland,” says Christopher R. Nelson, director of corporate development. “There is a rising demand for products that are environmentally sustainable, and
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.