Question-and-Answer Session
Operator
(Operator Instructions). And our first question comes from the line of Kathryn Thompson from Avondale Partners. Please proceed with your question.
Kathryn Thompson - Avondale Partners
Hi, thank you. First on the wallboard segment, where did pricing end up at the quarter end versus the quarterly average that you stated?
Steve Rowley
Very near the average right around the $105.
Kathryn Thompson - Avondale Partners
Okay. And then also given that your, there's already been some capacity takeouts over the past couple of months, do you see additional capacity coming out the industry other than this been announced. And if so where geographically do you think it should come out?
Steve Rowley
We have not seen or heard of anybody announcing capacity coming out of the marketplace. The only thing that we know, the majority of the new capacity that’s been added in the last one to two years is all been predominantly in the Mid West or East predominantly in the East. So that’s where the biggest supply-demand imbalance currently resides.
Kathryn Thompson - Avondale Partners
Okay. Moving to cements. Did you saw your cement volume out of your plants in the quarter and what are your prospects for the current quarter?
Steve Rowley
No, we have not sold out our Illinois cement plant for sometime for all of this year. I think in the quarter this year we sold that plant out of that exception. Go ahead.
Kathryn Thompson - Avondale Partners
For excluding Illinois which is running at two-third capacity as you said earlier excluding Illinois have your other plants sold all its volume.
Steve Rowley
We continue to sell out our volume, although we have grown some inventory out there.
Kathryn Thompson - Avondale Partners
Okay. The same question on cement side as did in wallboard, what was pricing at the end of the quarter, does it includes the average and kind of tagging onto the previous question, do you anticipate idling any facilities in '09?
Steve Rowley
The price was about the same as the average right here at $95 range. And if business does not pickup in the west we certainly will consider having to idle some capacity out there as well.
Kathryn Thompson - Avondale Partners
And as far as pricing goes, we are hearing that if you include transport, import pricing is about on par and taxes as current production. Could you confirm if that is a similar trend that you are seeing?
- To read the full transcript on Seeking Alpha, click here »
