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.
Singapore, Oct. 22, 2008--Oil prices fell below $70 a barrel Wednesday in Asia as investors shrugged off a looming OPEC production cut after company forecasts suggested the U.S. may be headed for a severe economic slowdown that crimps crude demand.
Hannover, Germany, Oct. 22, 2008--Domotex Hannover, the international showcase for the flooring sector, said it expects over 1,350 exhibitors spread across a net display area of 92,500 square meters when the 2009 edition takes place Jan. 17-20.
New York, NY, Oct. 22, 2008--Ceramic Tiles of Italy is seeking entires for the 2009 Ceramic Tiles of Italy Design Competition.
New York, NY, Oct. 20, 2008--The economy's health improved for the first time in five months in September as supplier deliveries and new orders strengthened, according to the Conference Board.
New York, NY, Oct. 21, 2008--U.S. chain-store sales for the week ended Oct. 18 rose 0.9 percent from the year-ago period, according to a survey released Tuesday by the International Council of Shopping Centers.
St. Louis, MO, Oct. 20, 2008--Solutia Inc. said it expects to report third quarter net sales of $587 million, a 29 percent increase over the prior year period and adjusted EBITDA is anticipated to be $111 million, a 46 percent increase over 2007.
Gyor, Hungary, Oct. 20, 2008--Hungarian flooring company Graboplast increased its production capacity from an annual 3 million square meters of flooring to 5 million square meters.
Northlake, IL, Oct. 21, 2008--Empire Today is introducing a Holiday Installation Guarantee promotion to provide customers a way to make last minute updates to their homes before the holidays.
Gandino, Bergamo, Italy, Oct. 21, 2008--RadiciGroup has cut production at its adipic acid and nylon 66 chemical plant to respond to current market conditions.
Hayward, CA, Oct. 20, 2008--Mervyns department store chain has confirmed a plan to close its remaining 149 stores and liquidate store inventory and real estate.