Personal Income Off in January
Washington, DC, February 28--Personal spending was unchanged in January as personal income fell 2.3 percent after hitting a record in December, according to the Commerce Department.
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.
Home Builders Rate Most Affordable Major Housing M
Washington, DC, February 28--Buffalo-Niagara Falls, N.Y. is the nation’s most affordable housing market among major metropolitan areas with populations over one million.
IMPO Changes Name to AvanTile
Tinley Park, IL, February 28--Avanti means "forward" in Italian, which made AvanTile an appropriate new name for a growing and changing tile company.
Propex Launches Note Exchange Offer
Austell, GA, February 28--Propex Fabrics Inc. announced that it is commencing an exchange offer to exchange its 10% Exchange Senior Notes due 2012.
Holo-Walls Launches a Holographic Dance Floor
Westlake Village, CA, February 28--The Holo-Walls Company, producers of holographic films for entertainment and interior applications, is in production on its newest product, Holo-Floors.
Armstrong Officially Closes Arkansas Wood Plant
Searcy Arkansas, February 28--The Armstrong plant in Searcy officially closed last week, although a limited crew will continue production through May.
OFIS Opens Parador Showroom in Dubai
Dubai, United Arab Emirates, February 28--OFIS has launched exclusive wooden flooring from Parador, German specialists in laminated, pre-finished timber and timber floorings, according to AME Info.com.
Pieper Ready to Hike Forbo Stake to Block Takeover
Zurich, Switzerland, February 28—-It has been reported that Swiss industrialist and major shareholder Michael Pieper is prepared to build his stake in Forbo Holding AG to 33.32 pct to undermine a successful takeover by AFB.
Terra Blocks Launched as Low Cost Global Option
Toronto, ON, February, 25--First Canadian American Holding Corporation announced that its joint venture partner has developed unique decorative floor tile to enhance its low cost earth construction methods used around the world.
Double-Digit Profit Growth for U.S. Hotels in 2004
Atlanta, February 28--The typical U.S. hotel achieved an estimated 13.3 percent increase in profits in 2004, and is projected to enjoy another 14.1 percent boost to the bottom-line in 2005, according to the 2005 P&L Forecast published by PKF Hospitality R