Porcelanosa Forms New Subsidiary
Villarreal, Spain, January 24--Spanish ceramic floor and wall tile manufacturer Porcelanosa is setting up a new subsidiary which will specialize in the production of bottom-of-the-range red-paste tiles.
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.
Lanxess Spin-off Date Set
Leverkusen, Germany, January 24--Lanxess, the chemical spin-off from Bayer, is to begin trading on the Frankfurt stock exchange on 31 Jan 2005. One Lanxess share will be allocated for every 10 shares in Bayer AG.
Project Studying College Use of Armstrong Plant Re
Lancaster, PA, January 24--A study to explore how Franklin & Marshall College might re-use most of the Armstrong World Industries floor plant has gotten the state's support, according to the Lancaster New Era.
Canadian Retail Sales Flat in November
Ottawa, Quebec, January 24-—Retail sales in Canada remained essentially unchanged in November (-0.1%) at $29.5 billion, as declines in half of all retail sectors offset gains in the other half.
Tax Relief Tops Small Business Concerns
New York, January 28--More than one-quarter (26%) of small business owners identified tax relief as the most pressing issue the new Congress and the President should address, according to the Small Business Monitor by OPEN from American Express.
Indian Carpet Industry Gearing for Global Competit
Badohi, India, January 25--With Indian carpets facing tough competition from global players, the Indian Institute of Carpet Technology (IICT) in Badohi is imparting training on better designing techniques.
Sherwin-Williams Clarifies Updated 2004 Expectatio
Cleveland, OH, January 24--The Sherwin-Williams Co., due to a number of investor inquiries, is clarifying its previous press release of January 19, 2005 in which the company updated its expectations for the fourth quarter and year 2004 which were last ann
European Nylon Producers to Invest in China
Beijing, China, January 25--Two European Nylon producers, Rhodia of France and Radici of Italy, plan to produce PA mixed materials in China, because they have no production facilities there yet, according to the China Construction Project
Remodeling Industry Continues to Grow
Cambridge, MA, Jan. 28--Even with the ups and downs of the broader economy, growth in spending on residential remodeling and repairs has been remarkably steady, with no major downturn since the early 1990s, according to a recent report by The Joint Center
Home Depot Adopts Policy On Holder Rights Plans
Atlanta, GA, January 24--Home Depot said that it may adopt a shareholder rights plan without prior shareholder approval if its board determines that waiting for consent isn't in the company's best interest.