Construction Completed on PTT PolyCanada Plant
Montreal, Quebec, July 2--PTT PolyCanada LP announced that the construction of the first world-scale polytrimethylene (PTT) polymer plant is completed and start-up is underway.
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.
Online Service Lags at Big Firms
New York, NY, July 1--The number of online transactions is growing exponentially, but many big companies still aren't tuned in to how much the Internet can make or break customer perceptions of the business.
Office Market Gaining Strength
New York, NY, July 1--The U.S. office real-estate market appears to be building strength, as employment growth led companies to take up more space in the second quarter than they have in more than three years, according to a new survey.
Louisana-Pacific Moves to Nashville
Nashville, TN, July 1--Louisiana-Pacific Corp. announced today that its corporate headquarters has "officially" transitioned from Portland, Ore., to Nashville, Tenn.
Manufacturing Activity Cools in June
Tempe AZ, July 1--Manufacturers saw activity grow at a slightly less robust rate in June, as the strong prices they've been facing moderated a bit, said a report released today.
Saudi Group to Invest in Carpet Backing Facility i
Jeddah, Saudi Arabia, June 30—The Mattex International Group, which is based in Jeddah, has announced a lease agreement with Dubai Techno Park for the occupation of 1,000,000 sq ft of land with a total investment of Dh4 00 million.
Invista to Headquarter Two Units in Delaware
Wilmington, DL, June 30--Invista, the former DuPont Co. textiles and interiors business, said Tuesday night it will keep the headquarters for some of its operations in Delaware, saving 350 jobs, according to the News Journal.
Jaeckle to Distribute Nafco by Tarkett Line
Houston, TX, June 30—Nafco by Tarkett announced today that Jaeckle Wholesale, Inc., of Madison, Wis., has joined the Tarkett distribution family.
Fed Ups Funds Rate to 1.25%
Washington, DC, June 30--The Federal Reserve raised its key short-term interest rate for the first time in four years today, kicking off what it said is likely to be a "measured" campaign to return the rate to a level appropriate for a healthy economy.
Midwest Factory Activity Cools
Chicago, June 30--The Purchasing Management Association of Chicago index of area business activity fell to 56.4 in June on a seasonally adjusted basis from 68.0 in May.