More on Forbo’s Acquisition in China
Baar, Switzerland, January 11, 2006--Forbo has acquired 100 % of the Chinese adhesives business Victa Technology Holdings Limited.
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.
Consumer Credit Off
Washington, DC, January 11, 2006--Consumer borrowing fell in November for a second straight month, the first time that has occurred in more than 13 years.
Radiant Floor Heating Claims Energy Savings
Atlanta, GA, January 11, 2006--With natural gas prices anticipated to rise by 35 percent this winter, many Americans are looking for ways to reduce their energy consumption by using alternative heat sources.
DuPont Cuts 4Q Guidance
Wilmington, DL, January 11, 2006--DuPont has cut its earnings guidance for the fourth quarter on hurricane-related operational disruptions as well as weak sales and higher costs in three of its businesses.
UK’s Topps Tiles Sees Gains Ahead
Cheshire, England, January 11, 2006-- Flooring specialist Topps Tiles gave shareholders cause for optimism yesterday after forecasting that 2006 would be 'less challenging' than recent months.
Milliken Freezes Pensions
Spartanburg, SC, January 11, 2006--Faced with global competition and rising costs, Milliken & Co., has frozen its employee pension plan.
Corporate Contributions on the Upswing
New York, NY, January 11, 2006--Total corporate contributions in the U.S. and abroad (among 189 corporations and foundations) amounted to $7.8 billion in 2004, the Conference Board reports today in its annual survey of corporate giving to worthy causes.
Retailers Win Trips to Surfaces
Dallas, TX, January 11, 2006--Not only do retailers “win” every year at Surfaces with all the latest floor covering styles and trends and special show pricing, but they win trips to Surfaces too.
Forbo Buys Chinese Adhesives Company
Zurich, Switzerland, January 10, 2006--Swiss floorings, adhesives and beltings group Forbo Holding AG, has reportedly acquired Victa Technology Holdings, a Chinese adhesives company for an undisclosed sum.
Weekly Chain Store Sales Up on Gift Cards
New York, NY, January 10, 2006--Chain store sales ticked higher in the first week of 2006 as consumers began to redeem the gift cards they received over the holidays, according to a report on Wednesday.