Granitifiandre Acquires Canadian Distributor
Castellarano, Italy, Jan.15-- Granitifiandre, a leading company of ceramic slabs, based in Reggio Emilia has acquired Savoia Canada for 9.6 million Canadian dollars, or 5,896,081.56 euros.
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.
Retail Sales Rise
Washington, DC, Jan. 15--Retail sales rose 0.5% in December, the second straight month of gains, the Commerce Department reported Thursday.
Monsanto May Get Some Solutia Liabilities
St Louis, MO, Jan. 15--Monsanto Co. reiterated in its 10-Q filing Wednesday that it may get stuck with some legal liabilities stemming from Solutia's Chapter 11 bankruptcy filing last month.
Dow Chemical Raises Latex Prices
Midland, MI, Jan. 15--Effective Feb. 15, the Dow Emulsion Polymers business is increasing the prices of all latex sold into the carpet industry.
Congoleum Getting Up Off The Canvas
Mercerville, NJ, Jan. 15--Most companies hope never to file for bankruptcy. At Congoleum, however, executives celebrated the recent move, according to The Times of Trenton.
Formica's Reorganization Plan Confirmed
Warren, NJ, Jan. 14--Formica Corporation today announced that the United States Bankruptcy Court for the Southern District of New York confirmed the company's Plan of Reorganization.
Jersey Energy Firm Buys Mannington's Cogenerat
Folsum, NJ, Jan. 14--Following a competitive bidding process, Marina Energy, a subsidiary of South Jersey Industries has purchased the cogeneration facility at the Salem County plant of floor covering giant Mannington Mills.
Pergo Group CFO To Leave
Trelleborg, Sweden, Jan 14--Annette Kumlien, the present CFO of the Pergo group will leave the company to assume the position as CFO of the Höganäs group.
Producer Prices Rise Slightly
Washington, Jan. 14--Producer prices rose only slightly in December, backing the Federal Reserve's view that inflation remains tame and that the central bank can afford to keep interest rates low for much of 2004.
BASF To Raise SBD Latex Prices
Charlotte, NC, Jan. 14--Effective February, 15, or as contracts allow, BASF will raise prices in the United States and Canada on all Styrofan carboxylated styrene-butadiene emulsion polymers supplied to the carpet industry by three cents per dry pound.