Lear Agrees to Icahn's Offer
Southfield, MI, February 12, 2007--Lear Corp. shares lost more than 5% early Friday, falling back toward billionaire investor Carl Icahn's buyout price.
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.
Weyerhaeuser OSB Mills to Curtail Production
Federal Way, WA, February 12, 2007--Weyerhaeuser Company said that two oriented strand board mills in Canada and one in West Virginia will implement a reduced operating posture due to weak demand, beginning first week of March.
NAR: Existing-Home Sales to Improve Then New Homes
Washington, DC, February 12, 2007--According to the latest forecast by the National Association of Realtors, consumers are beginning to respond to more favorable housing market conditions.
UGN, Inc. to Expand Manufacturing in Somerset
Tinley Park, Ill., February 09, 2007--UGN, Inc., the leading producer of automotive acoustic, interior trim and thermal management products, announced today a multi-million dollar expansion of its production facility in Somerset, Ky.
Louisiana-Pacific Posts 4th Quarter Loss
New York, NY, February 9, 2007--Building products company Louisiana-Pacific Corp. reported a fourth-quarter loss on Tuesday, after a year-ago profit, as weakened demand impacted volume and pricing on all its products.
Newsletter Released on Workplace Color Effects
Washington, D.C., February 9, 2007--InformeDesign recently released a new issue of Implications, a monthly newsletter on design and human behavior, that reviews the body of research on the use of color in office environments.
Torlys Makes Its Move Into U.S. Market
Las Vegas, NV, February 9, 2007--Torlys, a Canadian flooring company, made its move into the U.S. market at Surfaces. The company sells cork, hardwood, laminate and lilnoleum flooring through specialized dealers.
Japan's Itochu Buys US Flooring Distributor Galleh
Tokyo, Japan, February 8, 2007--Itochu Corp has acquired Galleher Inc, a California-based flooring distributor for an estimated 4 bln yen, to bolster its North American home building materials business, the Nikkei reported, without citing sources.
200,000 Carpet Workers Jobless In Nepal
Kathmandu, Nepal, February 7, 2007--Nepal Woolen Carpet Exporters Association (NWCEA) has stated that almost 200,000 workers have been rendered jobless following forced closure of carpet industries.
Weyerhaeuser Earns $450M in 4th Quarter
Federal Way, Washington, February 9, 2007--Forest products maker Weyerhaeuser Co. said Friday it swung to a profit in the fourth quarter from a year-ago loss, although lower domestic log prices still weighed on results.