Armstrong Officially Closes Arkansas Wood Plant
Searcy Arkansas, February 28--The Armstrong plant in Searcy officially closed last week, although a limited crew will continue production through May.
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.
OFIS Opens Parador Showroom in Dubai
Dubai, United Arab Emirates, February 28--OFIS has launched exclusive wooden flooring from Parador, German specialists in laminated, pre-finished timber and timber floorings, according to AME Info.com.
Pieper Ready to Hike Forbo Stake to Block Takeover
Zurich, Switzerland, February 28—-It has been reported that Swiss industrialist and major shareholder Michael Pieper is prepared to build his stake in Forbo Holding AG to 33.32 pct to undermine a successful takeover by AFB.
Propex Launches Note Exchange Offer
Austell, GA, February 28--Propex Fabrics Inc. announced that it is commencing an exchange offer to exchange its 10% Exchange Senior Notes due 2012.
Holo-Walls Launches a Holographic Dance Floor
Westlake Village, CA, February 28--The Holo-Walls Company, producers of holographic films for entertainment and interior applications, is in production on its newest product, Holo-Floors.
RD Weis Expands Into Raised Access Flooring
Port Chester, NY, February 25--RD Weis Companies has formed a partnership with Free Axez USA, an alliance that expands RD Weis' problem-solving capabilities for today¹s office and technology environments.
Help-Wanted Ad Index Up in January
New York, NY, February 25--The Conference Board’s Help-Wanted Advertising Index – a key barometer of America’s job market – increased three points in January. The Index now stands at 41. It was 38 one year ago.
Terra Blocks Launched as Low Cost Global Option
Toronto, ON, February, 25--First Canadian American Holding Corporation announced that its joint venture partner has developed unique decorative floor tile to enhance its low cost earth construction methods used around the world.
Double-Digit Profit Growth for U.S. Hotels in 2004
Atlanta, February 28--The typical U.S. hotel achieved an estimated 13.3 percent increase in profits in 2004, and is projected to enjoy another 14.1 percent boost to the bottom-line in 2005, according to the 2005 P&L Forecast published by PKF Hospitality R
Revised 4Q GDP Up 3.8%
Washington, DC, February 25--The economy in the fourth quarter grew at an annual rate of 3.8 percent, according to a report from the Commerce Department. The growth was stronger than the 3.1 percent from the estimate a month ago.