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.
St. Louis, MO, June 30, 2008--Solutia Inc. said it has retained HSBC Securities Inc. to explore strategic alternatives regarding its nylon business, including a possible sale. The segment lost money in the first quarter.
Radcliffe, England, June 30, 2008--UK commercial flooring manufacturer and distributor James Halstead said profits for the year to June will be well ahead of market expectations.
Chicago, IL, June 30, 2008--The Chicago purchasing managers’ index increased to 49.6 for June, up from May’s 49.1, although the reading still indictes slight contraction for the fifth consecutive month.
Calhoun, GA, June 25, 2008– Faus said that on June 20 the State Intellectual Property Office in China upheld the company's patent for embossed in register technology.
London, England, June 30, 2008--The picture's not getting any prettier for flooring manufacturers and other that are highly dependent on oil. Oil prices spiked above $143 a barrel for the first time ever Monday.
Kuopio, Finland, Jun 30, 2008--Hartwall Capital Oy Ab has purchased Karelia Finland Oy's 33 percent stake in Karelia Upofloor Systems, giving Hartwall 99 percent ownership.
Bethany, CT, June 30, 2008--Laticrete marked the grand opening of its new $24 million corporate campus on June 24 with a ribbon-cutting ceremony in Bethany.
Salem, NJ, June 26, 2008 – Mannington Mills said it has acquired resilient manufacturer Burke Industries, a maker of rubber flooring tiles, wall base, treads, and accessories.
Paris, France, June 27, 2008--Tarkett SA said that in 2007 it increased revenues 9.6 percent to $3.27 billion
Eufaula, AL, June 24, 2008—Beaulieu of America is adding workers to its carpet yarn plant in Eufaula.