Construction Completed on PTT PolyCanada Plant
Montreal, Quebec, July 2--PTT PolyCanada LP announced that the construction of the first world-scale polytrimethylene (PTT) polymer plant is completed and start-up is underway.
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.
Sears Getting Bigger as Sales are Still Shrinking
Hoffman Estates, IL, July 2—Sears is expanding for the first time in two decades with plans to buy as many as 61 new stores, but analysts said the deal will do little to address a nagging problem -- weak clothing sales.
High Energy Prices Trickle Down Through the Econom
New York, NY, July 2--What do carpet, tires and paint have in common? They are just a few of the household items getting more expensive because of the high cost of oil and natural gas, important raw materials for these products and the source of energy ne
Carpet One to Host Elections for School Makeovers
Manchester, NH, July 2--School principals, teachers, parents and students across North America are gearing up for local "elections" to determine which lucky public elementary schools will receive complimentary library or media center makeovers.
Online Service Lags at Big Firms
New York, NY, July 1--The number of online transactions is growing exponentially, but many big companies still aren't tuned in to how much the Internet can make or break customer perceptions of the business.
Office Market Gaining Strength
New York, NY, July 1--The U.S. office real-estate market appears to be building strength, as employment growth led companies to take up more space in the second quarter than they have in more than three years, according to a new survey.
Manufacturing Activity Cools in June
Tempe AZ, July 1--Manufacturers saw activity grow at a slightly less robust rate in June, as the strong prices they've been facing moderated a bit, said a report released today.
Louisana-Pacific Moves to Nashville
Nashville, TN, July 1--Louisiana-Pacific Corp. announced today that its corporate headquarters has "officially" transitioned from Portland, Ore., to Nashville, Tenn.
Fed Ups Funds Rate to 1.25%
Washington, DC, June 30--The Federal Reserve raised its key short-term interest rate for the first time in four years today, kicking off what it said is likely to be a "measured" campaign to return the rate to a level appropriate for a healthy economy.
Saudi Group to Invest in Carpet Backing Facility i
Jeddah, Saudi Arabia, June 30—The Mattex International Group, which is based in Jeddah, has announced a lease agreement with Dubai Techno Park for the occupation of 1,000,000 sq ft of land with a total investment of Dh4 00 million.