Today's Flooring News

Flowcrete Installs Seamless Floor for GSK Pakistan

Global Ceramic Market to Reach 102B Feet By 2011

San Jose, CA, November 5, 2007--The global ceramic tiles market is forecast to reach over 102 billion square feet by 2010.

Turnaround Firm Sees Value in IWT Tesoro

IWT Tesoro Corp. plans to grow significantly through acquisitions once it emerges from Chapter 11 bankruptcy early next year.

Asian Bamboo launches IPO

Hamburg, Germany, November 5, 2007--Asian Bamboo AG, a producer of bamboo trees and organic bamboo shoots in China, has outlined details of its forthcoming initial public offering on the Prime Standard of the Frankfurt Stock Exchange.

American Capital Strategies Buys Rug Doctor

Plano, TX, November 5, 2007--Rug Doctor, maker of carpet cleaning rental machines, said that American Capital Strategies Ltd of Bethesda, Maryland has purchased the majority of the company.

UFloor Names Hodges Product Manager

Greensboro, NC, November 5, 2007—UFloor Systems has appointed Mike Hodges product manager.

Caucus Formed to Raise Awareness of Green Schools

Washington, DC, November 2, 2007-- A new caucus in the U.S. House of Representatives has formed to promote the benefits of green schools.

Carpet Recycling Firm Launched in San Francisco

San Francisco, CA, November 5, 2007— SF Carpet Recycling (SFCR), a new carpet recycling firm, has been launched in San Francisco.

Report: Green Building Market to Grow $2B+ by 2011

New York, NY, November 5, 2007-- A new report from finds that the booming green building market will continue its rapid expansion through 2011, more than doubling in size to $4.7 billion in the next four years.

Propex Says It Has Sufficient Cash on Hand

Chattanooga, TN, November 1, 2007--Propex Inc. said it has failed to comply with terms of a January 31, 2006 credit agreement and has hired a financial consultant to help it negotiate with lenders and decide how to finance the company.