Governor Tours New Kronotex Facility
Barnwell, SC, February 23—-Norm Voss, president of laminate producer Kronotex USA, recently took South Carolina Governor Mark Sanford on a tour of the company's new 360,000-square-foot building.
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.
Alabama Retailer Focuses on Service
Madison, AL, February 23--Kim Hammonds, owner of Flooring Designs of Madison, said customer service is what sets her business apart from other flooring businesses, including large warehouse stores.
Consumer Prices Up 0.1%
Washington, DC, February 23—-The consumer price index rose 0.1% in January, after holding steady in December, according to the Labor Department.
Toll Brothers 1Q Earnings Up 120%
Horsham, PA, February 23—-Luxury homebuilder Toll Brothers reported quarterly earnings that were up 120 percent, boosted by continued demand for high-end homes.
New Zealand’s Feltex Earnings Up, Revenue Off
Wellington, New Zealand, February 23--Carpet maker Feltex Carpets Ltd. reported a 7.1% rise in net profit for the first half of its fiscal year despite a fall in revenue, and said the lift came as it shifted its product mix toward higher margin carpets.
Floor and Decor Opening in Phoenix a Record Breake
Atlanta, GA, February 23--Floor and Decor Outlets of America opened its first Phoenix location last month, to what the company called record-breaking sales.
Update on Events At Forbo
Eglisau, Switzerland, February 23--The purchase of a 25% stake in Swiss flooring group Forbo by a former executive appears to be part of a mutiny that will likely scuttle takeover talks sparked by private equity interest, according to The Deal.com.
Chinese Timber Group Denies Smuggling Allegations
Beijing, China, February, 22--A Chinese timber distribution official on Tuesday rejected a report by overseas environmental groups that claims to expose the rampant smuggling of illegally-logged hardwood from Indonesia to China, according to Kyodo News.
FiberFloor Wins Woman's Day First HR Awards
Whitehall, PA, February 22--Tarkett Residential was named Best New Flooring by Woman’s Day Special Interest Publications’ Woman’s Day Home Remodeling & Makeovers in their first annual "Best New Product Awards."
Indonesian Police Arrest Illegal Loggers
Jakarta, Indonesia, February 22—-Police from the province of Papua have captured three suspects along with a barge full of smuggled timber in the Naramasa waters near Manokwari, according to the Jakarta Post.