LG Hausys Rebrands as LX Hausys
Chicago, IL, October 5, 2021-LG Hausys America, a manufacturer of building and decorative materials, has rebranded as LX Hausys.
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.
August Exports Rose by $1B in August
Washington, DC, October 5, 2021—August exports were $213.7 billion, $1.0 billion more than July exports, according to the U.S. Bureau of Economic Analysis.
Best of NeoCon Winners Named on First Day of 2021 Event
Chicago, IL, October 4, 2021-NeoCon begins today, running through October 6, at TheMart in Chicago.
Stanton Acquired by Dunes Point Capital
Woodbury, NY, October 4, 2021—Stanton Carpet Corporation—a supplier of decorative, high-quality, self-branded carpet, custom rugs and luxury vinyl planks—has announced its partnership with Rye, New York-based Dunes Point Capital, a middle-market family office and private investment firm with approximately $1 billion in capital under management.
Shaw Acquires Watershed Geosynthetics
Dalton, GA, October 4, 2021—Shaw has purchased a significant controlling interest in Watershed Geosynthetics (Watershed Geo) and has entered into a letter of intent to acquire controlling interest in Watershed Solar (Watershed Solar).
James Potts Named CEO of One Source Commercial Flooring
Plano, TX, October 4, 2021—One Source Commercial Flooring, a Texas-based, full-service commercial flooring installation company, is pleased to announce that James Potts, PE has joined the company as its CEO.
Shaw's EcoWorx Achieves C2C Silver Under New 4.0 Version
Dalton, GA, October 4, 2021—Shaw announces that EcoWorx carpet tile has achieved Cradle to Cradle Certified Silver under the new, more rigorous version 4.0 standard. The product is among the first in the world to do so, including being the first in the built environment globally and the first of any product made in the U.S., according to the company.
Orders for Manufactured Goods Rose 1.2% in August
Washington, DC, October 4, 2021-New orders for manufactured goods in August, up fifteen of the last sixteen months, increased $6.2 billion or 1.2% to $515.7 billion, the U.S. Census Bureau reported.
U.S. to Launch Trade Talks with China, Tariffs to Remain in Place
New York, NY, October 4, 2021—The U.S. plans to launch new trade talks with China, but will maintain tariffs on Chinese imports as it presses Beijing to fulfill pledges to buy more U.S. goods and services, according to Biden administration officials, reports the Wall Street Journal.
Broader Sources of Inflation Surfacing
New York, NY, October 4, 2021—While many pandemic-driven price pressures are easing, broader sources of higher inflation are replacing them, reports the Wall Street Journal.