Armstrong Lowers Interest Expense
Lancaster, PA, March 11, 2011 -- Armstrong World Industries said it has amended its existing senior secured credit facility of November 23, 2010 in order to lower future interest expense.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Goshorn Elected President of Flooring Association
Alexandria, VA, March 11, 2011 -- Andrew Goshorn, installation service manager for Commercial Carpets of America, has been elected president of the Maryland and Northern Virginia Floor Covering Association.
UK Distributor Headlam Reports Higher Profit
London, England, March 11, 2011 -- Floorcovering products distributor Headlam Group reported a higher profit on a slight rise in revenues for 2010.
Business Inventories Up in January
Washington, DC, March 11, 2011 -- U.S. business inventories rose 0.9% in January, the Commerce Department said Friday.
Gerflor Hits Sales Milestone for Taraflex
Chicago, IL, March 11, 2011 -- Resilient flooring firm Gerflor said it had sold 1 million square feet of its Taraflex Sports Flooring worldwide as of the end of 2010.
Tarkett Income, Sales Rise in 2010
Paris, France, March 10, 2011 -- Tarkett said its net income in 2010 grew 62% to $154 million, thanks in part to lower restructuring costs and general cost controls.
Foreclosure Notices Down Sharply in February
Irvine, CA, March 10, 2011 -- Foreclosure notices declined to a 36-month low in February, according to tracking firm RealtyTrac.
Viam To Build Tennessee PET Fiber Plant
Manchester, TN, March 10, 2011 -- Fiber manufacturer Viam Manufacturing Inc. said it will invest $32 million in a Manchester plant that will recycle plastic bottles into carpet fiber to be used in automobile applications.
European Firms Imported 6.7M Meters of Wood
Paris, France, March 10, 2011 -- European hardwood flooring firms imported a total volume of 6,713,531 square meters of wood flooring last year, according to the European Federation of Parquet Importers.
Jobless Claims Remain Below 400,000
Washington, DC, March 10, 2011 -- Initial unemployment claims rose more than expected last week, the Labor Department said.