Georgia Wood Flooring Company Closing
Thomson, GA, June 10--The saws and machinery are silent at the Thomson Oak Flooring Company. The company has liquidated and is closing its doors after 54 years of business, according to the McDuffie Mirror.
Today's Flooring News
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Housing Bubble Exaggerated - Cleveland Fed Study
Washington, DC, June 9--Federal Reserve policy makers' jitters that surging home values could be an asset bubble ready to burst may be unfounded, a recent study published by the Cleveland Fed says.
China Now the Largest Destination of US Hardwoods
Beijing, China, June 9--China has become the largest destination of the hardwoods of the United States, said Theodore Rossi, chairman of the American Hardwood Export Council (AHEC) in Beijing Wednesday in a press conference, according to Xinhua news servi
Carpet Industry Forum Set For Georgia Tech
Dalton, GA, June 8--X-ray fluorescence (XRF) technology will soon be used in testing programs for vacuum and extraction cleaners. Equipment that passes the test will receive CRI's Seal of Approval as well as certification from the Space Foundation.
Home Sales Forecast to Set Record in 2005
Washington, DC, June 8--Lower-than-expected mortgage interest rates will push home sales to a fifth consecutive record in 2005, according to the latest forecast by the National Association of Realtors.
Solutia Strikes Deal with Monsanto and Unsecured C
St. Louis, Mo, June 7--Solutia has reached an agreement-in-principle with Monsanto Company and the Official Committee of Unsecured Creditors in its Chapter 11 case regarding the restructuring of the company.
desAutels to Head Tarkett’s Laminate Business
Farnham, Quebec--June 6—Tarkett has named Jean desAutels to the post of Business Centre Manager of the company’s North American Laminate Division and General Manager of the AT Clarion Group - a joint venture with Aconcagua Timber Corporation (ATC).
Lowe's to Open Canadian Stores in 2007
Mooresville, NC, June 6--Lowe's said today that the company plans to build on its aggressive expansion plan by extending the reach of its stores into Canada. The company said it expects to open its first Canadian stores in Toronto in 2007.
Shaw Expanding North Carolina Distribution Center
Columbia, NC, June 6—-Shaw is expanding its Columbia distribution center, allowing it to service the entire state as well as parts of Georgia and North Carolina, according to the State.com.
Payrolls Up by 78,000, Unemployment Drops to 5.1%
Washington, DC, June 3--Nonfarm payrolls increased by 78,000 in May, according to the Labor Department. The level of hiring was the weakest since August 2003, according to a survey of business establishments.