Honeywell To Buy BASF’s Fibers Business
Morris Township, NJ, Jan. 14--Honeywell has agreed to purchase BASF’s $350 million nylon fiber business as part of a deal in which BASF will acquire Honeywell’s engineering plastics 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.
New President For Pergo, Inc.
Trelleborg, Sweden, Jan. 14--Anthony Sturrus has been named president of Pergo, Inc. as well as senior vice president of the North American region of Pergo. He replaces Lars von Kantzow who resigned in October.
Von Kantzow Teams With Domco Tarkett
Farnham, Quebec, Jan. 13--Domco Tarkett has selected Lars von Kantzow, former president and CEO of Pergo and now president of TriCrown Consulting in Cary, North Carolina, to spearhead a corporate identity and branding program, according to Ulf Mattsson,
Job Market Still Tight
New York, NY, Jan. 13-- The nation's unemployment rate held at 6% in December, according to the Labor Department, as employers cut over 101,000 positions, the sharpest decline in 10 months.
Mortgage Rates Up Slightly
Washington, DC, Jan. 10--Rates on 30 year mortgages edged up this week after dropping to a new low last week. But rates are still sufficiently low to be attractive to house hunters thinking about buying a home and people mulling refinancing the home that
QEP’s Sales Jump
Boca Raton, FL, Jan. 9--Q.E.P. Co., a manufacturer, marketer and distributor of a broad line of specialty tools and flooring related products, had net sales its fiscal 2003 third quarter ended November 30 grew 21% versus the comparable prior year period,
Solutia Expects Lower Earnings
St. Louis, MO, Jan. 9--Solutia expects fourth quarter earnings to be down approximately $.20 per share, including a net charge of approximately $.04 per share related to Solutia's interest in the Flexsys rubber chemicals joint venture.
Employee Confidence Down
Washington, DC, Jan. 10--Employee confidence declined in December to 66 as employees expressed decreasing confidence in the U.S. job market.
WFCA Adds One To Hall of Fame
Anaheim, CA, Jan. 8—The late Shirley J. Lorberbaum has been voted into the World Floor Covering Association Industry Hall of Fame. The induction ceremony will be held on January 30 at Surfaces in Las Vegas.
Carpet Recycling Europe to Cease Operations
Aachen, Germany, Jan. 7--The board and shareholders Of Carpet Recycling Europe have decided to close the company and cease operations.