Propex Fabrics Reports 2Q Results
Austell, GA, August 16--Propex Fabrics reported total net revenue that increased $10.3 million, or 6.5%, from $157.8 million in the second quarter of 2004 to $168.1 million in the three months ended June 30, 2005.
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.
Hunter Douglas Forms Horizontal Blinds Division
Upper Saddle River, NJ, August 16--Hunter Douglas has formed the Hunter Douglas Horizontal Blinds Division, headed by Bob Kopf.
Brazilian Exhibitors Generate $22 Million at Cover
Alexandria, VA, August 16--The Brazilian tile and stone exhibitors at Coverings 2005 reported over US$22 million in revenue (5.5 million square meters of ceramic tile) resulting from business generated at the show.
Mohawk Realigns Residential & Commercial Flooring
Calhoun, GA, August 16--Mohawk Industries has realigned its Mohawk residential and commercial flooring businesses into two strategic business units (SBUs) designed to enhance operations and customer service.
Mohawk Gets US Antitrust Approval on Unilin Deal
Washington, DC, August 15--Mohawk Industries has received U.S. antitrust approval to acquire Belgian flooring maker Unilin Holding NV, U.S. authorities said on Monday.
Italtile Earnings up 25%
Johannesburg, South Africa, August 15--Ceramic tiles and bathware group Italtile (ITE) reported a 25% increase in final headline earnings per share.
Empire State Fed Index Off Slightly
Washington, DC, August 15--Manufacturing activity in the New York area stayed strong in August, the New York Federal Reserve Bank said Monday.
Court Upholds 'Bodily Injury by Disease' W
New Orleans, LA, August 15--The U.S. Fifth Circuit Court of Appeals has ruled asbestos-related disease does not qualify as a "bodily injury by accident" under workers' compensation insurance, upholding an exclusion for injuries caused by disease.
Survey: Small Firms Less Optimistic on Economy
New York, August 15--Accountants who are also chief executives and chief financial officers of small U.S. corporations are less optimistic about the U.S. economy than they were six months ago, a survey showed on Friday.
Iran Maintains Largest Share of Hand Woven World C
Tehran, Iran, August 15--Iran still holds the largest share of the hand woven carpet market of the world, despite the problems and competitions its industry has been facing during the recent years.