Mohawk's New Campaign Solves Decorating 'Puzzle'
Dalton, GA, April 2, 2008--Mohawk says it is going to become more aggressive in its marketing as one answer to dealing with the lackluster flooring market.
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.
Carpet Recycling Group Forming in UK
London, England, April 3, 2008--A group of carpet manufacturers in the United Kingdom have formed an alliance to boost the recycling rate of carpet.
Välinge Terminates License With Chinese Firm
Viken, Sweden, April 2, 2008--Välinge said that for the first time ever it has terminated a license for its mechanical locking system.
Pergo Names New Chief Operating Officer
Raleigh, NC, April 2, 2008—Pergo LLC has appointed Bert Brant chief operating officer of the North American flooring business.
Bernanke Says Economy May Shrink in First Half
Washington, DC, April 2, 2008-- Federal Reserve Chairman Ben Bernanke said in congressional testimony that the economy could contract over the first half of this year.
Floor Covering Institute Adds Ramey, Migliore
St Louis, MO, April 2, 2008--The Floor Covering Institute has added two new faculty members.
Stauf Moving German President To Run U.S. Group
Memphis, TN, April 1, 2008 – Wolfgang Stauf, who has been president of German-based Stauf Adhesives since 1998, is moving to Memphis to steer the rapidly growing Stauf USA division.
Lauzon Signs Distributor Patriot Flooring Supply.
Papineauville, Québec, Canada, April 2, 2008—Canadian hardwood flooring firm Lauzon has formed a distribution partnership with Patriot Flooring Supply Inc. of Pompton Plains, N.J.
Mortgage Refinancing Falls Substantially
Washington, DC, April 2, 2008--Mortgage applications fell 29 percent for the week ending March 28, due mostly to a drop in refinancing activity, according to the Mortgage Bankers Association.
Omnova Solutions Narrows First Quarter Loss
Fairlawn, OH, April 2, 2008--Omnova Solutions Inc. reported a net loss of $3.0 million, or $0.07 per diluted share, for the first quarter ended Feb. 29, compared to a net loss of $5.1 million, or $0.12 per diluted share, for the first quarter of 2007.