MeadWestvaco Sells Papers Business
Stamford, CO, January 18--MeadWestvaco Corp. has agreed to sell its papers business, including several mills and forest land, for $2.3 billion to a private buyout group so it can focus on its packaging business.
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.
NRF Forecasts '05 Retail Sales Growth of 3.5%
New York, NY, January 18--The National Retail Federation (NRF) released its 2005 forecast today, predicting that general merchandise store sales will in increase 3.5 percent from last year.
Faus Licenses Berry Floor
Dalton, GA, January 18--Faus announced that it has granted Berry a patent license on its Embossed-In-Register and Joint Guard beveled edge patents.
3M 4Q Earnings Up 16.3%
St. Paul, MN, January 18--3M Co said its earnings grew 16.3 percent in the fourth quarter. The company earned $720 million, or $0.91 per share, up from $619 million, or $0.77 per share, a year ago. Sales rose 7.9 percent to $5.09 billion from $4.72 billio
JNK Signs Agreement with Fpworld.com
Grand Junction, CO, January 18-- JNK Products, LLC, a leading E-tailer of garage flooring products, as well as garage storage, and automotive products has signed an additional marketing agreement with FPWorld.
N.Y. Fed Empire State Index Off in January
New York, NY, January 18--Activity in the New York state manufacturing sector fell in early January, but conditions remain favorable, a survey said on Tuesday.
PFA Phasing Out PentaBDE Flame Retardant Additives
Knoxville, TN, January 18--Polyurethane Foam Association (PFA) manufacturing members report an almost total phase out of the use of pentabrominateddiphenylether-based (pentaBDE) flame retardant additives in the manufacturing of foam grades for use in home
May CEO Resigns, Gives No Reason
St. Louis, January 17--The chairman and CEO of May Department Stores Co. resigned Friday, the company said. It did not give a reason for the resignation.
Tennessee Furniture/Rug Retailer Celebrates 1st Ye
Spring Hill, TN, January 17--Judy and Robert Wakefield have just celebrated their first year in business as Spring Hill Furniture and Oriental Rugs.
UK’s Laminate Flooring Direct Warns of Loss
London, England, January 17--Laminate Flooring Direct PLC said it expects to incur a loss for the year to August 31, 2004 after lower than expected margins and certain prior year costs and despite a 12 pct increase in like for like sales, according to Int