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.

Hungary’s Grabofloor Boosts PVC Flooring Productio

Tatabanya, Hungary, May 20--Plastics maker Grabofloor finished a HUF 1.5bn (EUR 5.9m) project on Tuesday, boosting PVC production capacity from 12m square metres a year to around 19m square metres, the company announced.

Invista to Cut 175 at Tennessee Plant

Chattanooga, TN, May 20--Invista, a nylon and Lycra manufacturer, will cut at least 175 employees at its North Access Road plant in Hixson, company officials said, according to the Chattanooga Times/Free Press.

Leading Indicators Up 0.1%

New York, NY, May 20--The Conference Board reports today that the Composite Index of Leading Economic Indicators increased 0.1% in April, following a 0.8% increase in March and no change in February.

Greenspan Nominated to Another Term

Washington, DC, May 19--President Bush, ending any lingering uncertainty, nominated Alan Greenspan for another term as chairman of the Federal Reserve, a post he has held since 1987.

Martha Stewart's TV Show on 'Hiatus' A

New York, May 19--Martha Stewart Living Omnimedia, preparing for the possible imprisonment of its founder, will suspend programming of its daily syndicated television show after the conclusion of this season.

Forbo Names New Communications Head

Eglisau, Switzerland, May 19--Ursula Leonhard, Head of Corporate Communications at Forbo International SA since January 2000, has decided to leave the company effective May 31, 2004.