Armstrong Plans to Build $40 million LVT Plant
Lancaster, PA, July 29, 2013 -- During Armstrong's second quarter conference call, Matt Espe announced that the company will build a new $40 million luxury vinyl tile plant to service the North American market.
No site has been selected but construction will begin later this year.
According to a statement from Armstrong, "This is a fast growing product category because of its visual appeal, high performance and ease of installation and maintenance. We have not selected a manufacturing site yet; we're evaluating several alternatives. We'll make a final site selection as soon as we can complete discussions with various state and labor representatives."
This new plant will reduce imports from China by 70%.
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