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.

Job Keeps Flooring Business Owner Grounded

Green Bay, WI, August 29--Rick De Mars began working in the flooring industry in 1971 at the age of 16 as a laborer on an installation crew and carpet-cleaning crew at L.P. Mooradian Co. and did so until he graduated from high school in 1973.

Indonesian Navy Storms Ship Smuggling Illegal Timb

Jakarta, Indonesia, August 25--The Indonesian navy stormed a Croatian ship and detained around 25 crew after a long-running court battle, Croatia's ambassador Aleksandar Broz said, describing the move as illegal.

Coalition to Improve Flooring Industry Information

Charlotte, NC, August 26--A coalition of industry representatives and research institutes has been awarded $87,864 to partially fund improvement of the timeliness, scope and frequency of statistical information about U.S. wood floor manufacturing.

Lanxess Q2 Earnings Up

Frankfurt, Germany, August 25--German chemicals group Lanxess posted a 42% rise in second-quarter core earnings, beating analysts' forecasts thanks to strong demand for plastics and chemicals, and detailed further restructuring measures.

Toll Bros 3Q Earnings Double

Horsham, PA, August 25—-Homebuilder Toll Brothers Inc. reported quarterly profit doubled as the U.S. home market remained strong.

Interface Ranks 8th on Best 50 Corporate Citizens

Atlanta, GA, August 25--Interface placed 8th on the 2005 annual ranking of the Best 50 Corporate Citizens list in Canada, compiled by Corporate Knights business magazine. Interface scored the highest among the Consumer Discretionary sector.

Recovery Still a Ways Off for Feltex

Wellington, New Zealand, August 25--Feltex chief executive Sam Magill cut tracks from the carpetmaker four months early yesterday as it warned the tough times were likely to roll into the next quarter.