Investors Seize on Laminate Opportunities in Russi
Moscow, Russia, August 10--Foreign investors have found a new free niche on the Russian building materials market: Laminate manufacturing, according to RIA Novosti.
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.
Mortgage Applications Off Last Week
New York, NY, August 10--Applications for home mortgages fell last week, its third consecutive drop, as refinancing activity waned and interest rates reached four-month highs, industry group figures showed on Wednesday.
Fed Ups Rates to 3.5%, No Hint of Pause
Washington, DC, August 10--The Federal Open Market Committee raised its target for short-term interest rates Tuesday by a quarter percentage point to 3.5% and gave no hint that it is interested in stopping anytime soon.
Armstrong’s Certified Installer Program a Benefit
Lancaster, PA, August 10--Over 5,000 installers to date have gained the benefits of Armstrong’s Certified Installer Program (A.C.I.P). Participants are tested in proper installation materials and techniques.
CARE Seeking Funding for Carpet Recycling Projects
Dalton, GA, August 10--Carpet America Recovery Effort (CARE) has issued a request for proposals to seek a consultant to identify sources of public and private funding and financing and obtain monies for innovative carpet reuse and recycling activities co
Plastech Makes Bid for Auto Supplier Collins & Aik
Detroit, MI, August 10--Plastech Engineered Products Inc. has made a $1 billion bid to buy rival auto-parts supplier Collins & Aikman Corp., which filed for bankruptcy in May.
Mohawk Guard Abducted In Texas Trailer Heist
Coppell, TX, August 10—-According to reports, a security guard was kidnapped from her job at Mohawk Industries while a man stole a trailer full of carpet from the facility.
May Department Stores 2Q Earnings Drop
St. Louis, MO, August 9--May Department Stores reported second quarter earnings that fell by nearly half from the year before, hurt by expenses from its planned merger with Federated Department Stores.
ASID Foundation Names Ray Anderson Trustee
Washington, DC, August 9--The ASID Foundation, Inc. has named new members of its board of trustees.
Coveright Mulls Expansion at South Carolina Plant
Columbia, SC, August 9--Coveright Surfaces doesn’t make hardwood flooring and cabinets, but its 145 employees in Blythewood produce the wood-grain illusion.