Solutia To Raise $145 Million in Stock Offering
St. Louis, MO, Aug. 21, 2008--Solutia plans to sell 10,714,284 shares of its common stock at a price of $14 per share for net proceeds of approximately $145 million.
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.
Dixie Group Planning $10 Million Stock Repurchase
Chattanooga, TN, Aug. 21, 2008--The Dixie Group is planning to repurchase up to $10 million of its common stock.
Aquafil Gets BMW Contract
Cartersville, GA, Aug. 20, 2008--Aquafil USA Inc. has been awarded a contract to supply BCF yarn for two BMW platforms, the E70 and E71.
UFloor Signs Distributor Vegas World Supply
Greensboro, NC, Aug. 21, 2008--UFloorSystems Inc. has entered in to a new full-line distribution partnership with Vega World Supply Inc. in Newark, N.J. to carry its wood adhesives, finishes, and sanding machines.
AIA Billings Index May Be Hitting Bottom
Washington, DC, Aug. 20, 2008--The AIA Billings Index strengthened last month, but still marked the sixth straight month of contraction, according to the American Institute of Architects.
Mortgage Application Volume Falls To 6-Year Low
Washington, DC, Aug. 20, 2008--Mortgage application volume fell last week to its lowest levels in more than six years, according to the Mortgage Bankers Association.
European Laminate Producers Seek Green Status
Bielefeld, Germany, Aug. 21, 2008--European laminate flooring producers are going on the offensive to prove the sustainability of their products.
Malawi Bans Hardwood Exports
Malawi, Africa, Aug. 21, 2008--The Ministry of Industry and Trade has imposed an immediate ban on the export of hardwood and hardwood products.
Rich Named Mohawk Director of Brand Management
Dalton, GA, Aug. 20, 2008--Bart Rich has been named director of brand management for Mohawk Soft Surface products, a new position.
Azrock Debuts New Commercial Website
Houston, TX, Aug. 20, 2008 – Azrock Commercial Flooring has launched a new website that provides a more comprehensive tool for architects, designers, specifiers, distributors, contractors and other key clients.