Trade Panel Approves China Furniture Duties
Washington, DC, December 13--A U.S. trade panel on Friday approved anti-dumping duties of up to 198 percent on $1.2 billion worth of wooden bedroom furniture from China.
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 Agrees To Credit Line
Leverkusen, Germany, December 13--Lanxess AG, a chemical company that is part of Bayer AG, said it has arranged a credit line of EUR 1.5 billion ($2B)with an international bank consortium led by Bank of America, Citibank, Commerzbank and Deutsche Bank.
Consumer Sentiment Up to 95.7 in November
Ann Arbor, MI, December 10-- The University of Michigan's preliminary sentiment index rose to 95.7 from 92.8 in November. Economists were expecting the index to rise to 93.5.
Forbo-Nairn Says Harmful Micro-Organisms Can’t Bre
Kirkcaldy, Scotland, December 10--Forbo-Nairn said research indicated that MRSA and other harmful micro-organisms cannot live or breed on its Marmoleum.
S&P Ups Lowe's Ratings
New York, NY, December 10--Standard & Poor's Ratings Services today raised its long-term ratings on Lowe's Cos. Inc. (LOW) to 'A+' from 'A'. The outlook is stable. The 'A-1' short-term ratings on the company were affirmed.
Sumitomo Enters PVC Recycling Business
Tokyo, Japan, December 10--Sumitomo Corporation has announced its entry into the recycling business with the allocation of new shares to a third-party from Refineverse Inc., a polyvinyl chloride interior waste material recycling venture business.
Forbo Board Member to Step Down, May Increase Inve
Eglisau/Zurich, Switzerland, December 10--The Board of Directors of Forbo announced that Michael Pieper has stepped down from his directorship at Forbo Holding effective immediately.
Producer Prices Rise 0.5% in November
Washington, DC, December 10—The producer price index rose 0.5 percent in November, after a 1.7% increase the October, according to a Labor Department report.
Shaw Unit Completes Final Run of PVC
Dalton, GA, December 9--Shaw Industries Inc. ran its last production of Polyvinyl Chloride (PVC) carpet backing on December 8. The PVC production line will be replaced with new tile manufacturing equipment designed to increase capacity while decreasing en
Study: China's Building Materials Market Set f
Dublin, Ireland, December 13-- Research and Markets has announced the addition of China Building Materials Market to their offering.