The building boom has hit an all-time high, with a number of pole-building companies seeing their share prices soar in the last week.
The company responsible for building the iconic poles of the New York City skyline, Nasus, was once a darling of the industry, but is now struggling with a new strategy, according to Reuters.
It has been forced to shut down several of its poles and stop building new ones in the past two years, in an attempt to diversify its portfolio.
In April, NasUS announced that it would close all its poles in 2017 and 2018, after its pole-builder, the PicoP Group, decided to build a new plant in Canada.
The company’s chief executive, David Smith, said in a statement that “it is the right time to focus our resources and efforts on our pole business”.
He added that “the future is very bright for our business, and we look forward to the future with you”.
In March, NasUs poles were again seen being built at a new facility in Boca Raton, Florida, by Pico P, which said it had decided to “diverge” its operations away from New York.
The pole companies are a rare breed in the pole building industry, which is dominated by private-sector giants.
The US is home to a staggering number of companies that build poles for building and commercial use, from giant chains like Lowe’s and Home Depot, to small-scale builders like Zillow.
Nasus, which was founded in 1884, is one of the few major pole companies that has been around for decades, although it has been in decline for a decade.
The most recent quarterly earnings report showed that the company’s total revenues fell by about $300 million in the first half of the year, partly because of the collapse of pole building.
The Nasus pole company has been building poles since it was founded, and is one for which the company has earned a reputation for making the best quality poles.
It was the company that took the poles of New York to a height of 632 metres, according a Guinness World Record, and has a reputation as the world’s best pole builder.
The poles are built using a combination of steel and concrete, but the company also uses metal panels, which can weigh as much as 100 tonnes, to make the poles.
The biggest problem the company is facing is how to produce poles in a way that is both cost-effective and environmentally friendly, according Toeppelt, a pole builder in Bologna.
He said that Nasus was also losing money, because its poles are not built to last for years, and because the company was losing money to competitors who were also building poles.
He told Reuters that the only way the company could keep up with its competitors was to build more poles and add more buildings, which will only make the pole industry less profitable.
Nasa also has been making moves to diversification.
In 2015, it announced it would build a factory in the US, to manufacture poles.
And in 2016, it started building poles in Canada, and in 2018, it will build a plant in New Zealand.
While there is no concrete evidence as to what this plant will look like, Toeppel told Reuters it would be “a fantastic place for us to be, to be able to bring in new equipment and equipment to the pole business and to bring on new people”.
The pole industry in the United States has also been in a slump in recent years, with the decline in poles leading to more construction in the construction industry.
The number of poles being built fell by 15 percent in 2016.
According to the U.S. Census Bureau, the number of structures with a pole in New York fell by nearly 10 percent, from nearly 12,000 in 2013 to 9,500 in 2016 and 5,000 last year.