Today's Flooring News

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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.

Lauzon Enters Partnership Agreement

Papineauville, Quebec, Feb.5--Lauzon Industries has entered into a private Partnership Agreement with ATAG Asset Management, an independent European investment and asset management company.

Mohawk Has Record Year End Earnings

Calhoun, GA, Feb. 7--Mohawk Industries had fourth quarter net earnings of $84.2 million (42% above last year) or $1.25 earnings per share (13% above last year), the highest quarterly earnings and EPS ever recorded by the company.

Pergo’s Annual Sales Down

Trelleborg, Sweden, Feb. 10--Pergo AB had sales of 3.194 billion SEK for the year, a decrease of 11% from 3.729 billion SEK the year before, excluding currency effects. The decline was primarily due to lower price levels in North America and, to some exte

Sherwin-Williams Profit Up

Cleveland, OH, Feb. 6--Sherwin-Williams’ fourth quarter profits rose 25.7%, boosted by sales of paint to do-it-yourselfers and by cost cuts.

Unemployment Rate Drops

Washington, DC, Feb. 7--The nation's unemployment rate dropped to 5.7% in January as businesses added 143,000 new jobs, some good news for an ailing economy.

Frierson Named to Louisiana-Pacific Board

Portland, OR, Feb. 5--Daniel K. Frierson, chairman & chief executive officer of The Dixie Group, has been elected to Louisiana-Pacific's board of directors, effective February 1.

Lowe’s To Build Florida Warehouse

Wilkesboro, NC, Feb. 4--Lowe's Home Improvement Warehouse plans to construct a new, state-of-the-art regional distribution center (RDC) in Osceola County, Florida.

Manufacturing Sector Keeps Growing

New York, NY, Feb. 4—For the third straight month, the nation's manufacturing sector grew, though at a slower pace, as worries about a war with Iraq dampened optimism.

Victoria Partners with Elite Carpets

London, England, Feb. 4--The Victoria P.L.C. announced the formation of a new business relationship in Canada, acquiring all of the shares it did not own in the Canadian company, Colin Campbell & Sons Limited.