Solutia Closes South Carolina Nylon Plant
Greenwood, SC, Nov. 17, 2008--Solutia has closed a plant at its Greenwood nylon production site, according to the Index-Journal newspaper.
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.
Salesmaster Begins Construction of SuperCenter
Deer Park, NY, Nov. 17, 2008--Distributor Salesmaster Associates has broken ground on the construction of a new distribution SuperCenter in Chicopee, Mass.
Wools of New Zealand's Ramsden Gets Creative Award
Marble Hill, GA, Nov. 15, 2008—Joanna Ramsden, creative manager at Wools of New Zealand’s International Development Center in Ikley, West Yorkshire, U.K., has been honored with a top industry ‘Skills Hero’ award.
Target Earnings Fall 24% in Quarter
Minneapolis, MN, Nov. 18, 2008--Target Corp. reported a nearly 24% decline in third-quarter net income Monday as the weak economy continues to weigh on consumer spending.
NABE Economists Issue Gloomy Report for 2009
Washington, DC, Nov. 17, 2008--The country is in recession, and it's likely to stay there for a while.
Commercial Loan Originations 53% Lower Than 2007
Washington, DC, Nov. 17, 2008--Commercial and multifamily mortgage loan originations remained low in the third quarter, according to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
CCA Names Penhallegon VP Commercial Flooring
St. Louis, MO, Nov. 17, 2008--CCA Global Partners has named Rick Penhallegon vice president of commercial flooring.
Lowe's Profit Slumps 24% in Quarter
Mooresville, NC, Nov. 17, 2008--Lowe's Cos. reported a 24% drop in fiscal third-quarter profit.
Confidence in Multi-Family Housing Sector Falls
Washington, DC, Nov. 17, 2008 - Builder confidence in the multifamily housing market sagged in the third quarter.
Export Tax Hurting Vietnamese Wood Floor Companies
Hanoi, Vietnam, Nov. 17, 2008--Wood processing companies are protesting the 10 percent export tax levied on flooring products made of imported wood, saying it is causing losses and forcing suspension of production.