Feltex Cuts More Senior Managers
Wellington, New Zealand, July 5--Carpet maker Feltex said today that four more senior managers would be cut and projected a restructure cost in excess of $1.2 million.
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.
Partnership Developing Equipment to Process Carpet
Bolingbrook, IL, Tampa, FL, July 7--Prater-Sterling’s Systems Division and EarthFirst Technologies jointly announced that the Companies have partnered to develop specialized equipment that will allow carpet waste to be processed more efficiently.
Report: Retailers Expanding to Stay Ahead
Washington D.C., July 5, 2005--After a whirlwind of mergers, this past year proved that retail is all about change.
Pfleiderer to Buy Laminate Producer Kunz
Duesseldorf, Germany, July 5--Pfleiderer AG said it has informed the German Cartel Office that it plans to buy Kunz AG, a maker of laminate flooring.
Tibetan Carpets Enter Global Market
Beijing, China, July 5--Tibetan carpet, Persian carpet and Turkey carpet are the top three best-known carpets in the world.
Mohawk to Acquire Unilin
Calhoun, GA, July 5--Mohawk Industries announced that it has entered into a definitive agreement to acquire Unilin Holding NV, a leading manufacturer and marketer of laminate flooring products based in Belgium.
Domo To Sell Polymer Business
Ghent, Belgium, July 1—The Belgian manufacturing company Domo will spin off and sell its chemicals and polymers business in order to focus on its remaining floorcoverings and fiber and yarn businesses.
Big Bob’s Adds Furniture
Kansas City, MO, July 1--Some area home furnishing stores have struggled to compete with Nebraska Furniture Mart. But one home furnishings company is expanding to try to take some of Nebraska Furniture Mart’s business.
Specter Rethinks Subpoena for Gathering Asbestos B
Washington, DC, July 1--Senate Judiciary Committee chairman Arlen Specter appeared to back away on Thursday from a threat to subpoena information from companies facing asbestos lawsuits.
Zero Downpayment Mortgage Would Aid 50,000 First-T
Washington, DC, July 1--The nation’s home builders are supporting a bipartisan legislative proposal to establish a pilot program for Federal Housing Administration (FHA) insurance.