Low & Bonar Faces $14 Million in Fines
London, England, December 1, 2005--Flooring group Low & Bonar is facing a hefty fine after the European Commission ruled that the group was involved in a cartel in the 1990s.
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.
ISM: Manufacturing Growth Slows
Tempe, AZ, December 1, 2005-Factory activity in the United States remained at a strong pace in November, the Institute for Supply Management reported Thursday.
Wisconsin Retailer Closes Store, Can't Compete
Wisconsin Rapids, WI, November 30, 2005--After 55 years of business, Henke's Floors will be closing its doors for the final time Friday.
Activists Says Afghan Carpet Weavers are Unpaid Sl
Kabul, Afghanistan, November 30, 2005—According to a AFP.com, thousands of women and girls who weave world famous Afghan carpets are treated as unpaid slaves by their male relatives, a rights activist said, calling on the government to regulate the indust
Kronospan to Increase Capacity
Presov, East Slovakia, November 30, 2005—It was reported that Kronospan, which is the largest Czech producer of chipboards, will raise its production capacity by 3.5 million to some 11.5 million square metres of flooring.
Azrock By Tarkett Launches Solid Homogeneous Comme
Houston, TX, November 30, 2005--Responding to designers’ and architects’ need for a solid flooring option that is resistant to scuffing, Azrock by Tarkett is pleased to announce the launch of SolidAir.
GDP Revised Up To 4.3%
Washington, DC, November 30, 2005 --The U.S. economy grew at a 4.3% annual rate in the third quarter, the Commerce Department said Wednesday in its first revision of gross domestic product estimates.
Weyerhaeuser to Sell Composite Panel Business
Federal Way, WA, November 30, 2005--Weyerhaeuser Co. said Tuesday it would stop making fiberboard and particleboard, selling its six plants that make composite panels.
Most Corporate Fraud Detected by Chance
New York, NY, November 30, 2005—According to a study from auditing firm PriceWaterhouseCoopers, despite tough regulations aimed at improving corporate governance, financial fraud is still on the rise around the world, and most is still detected by chance.
Q.E.P. to Open China Headquarters
Boca Raton, FL, November 30, 2005--Q.E.P. Co. has announced that it will open its new worldwide global sourcing operation in Shanghai, China.