Industrial Production Slows
New York, NY, Apr. 16--Industrial production declined in March, led by a sharp slowdown in utilities output.
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.
Greenspan Urges Firms to Rebuild Trust
Washington, DC, Apr. 19--Allegations of "breaches of trust or even legality" in corporate America threaten the financial markets, and companies must work harder than ever to restore confidence, Federal Reserve Chairman Alan Greenspan said.
Surfaces & Hanley Wood to Contribute to FCIF
Dallas, TX, Apr. 19--To further support the mission of the Floor Covering Industry Foundation (FCIF), Surfaces and Hanley Wood will donate $100,000 to the organization over the next five years.
Amtico's Mary Docker to Retire
Atlanta, GA, Apr. 16--Amtico Company Limited, the UK based luxury flooring manufacturer, announced today that Mary Docker will be retiring this April as CEO of Amtico International Inc., its US subsidiary.
3M Reports Record Earnings
St. Paul, MN, Apr. 19--3M Co.'s first-quarter net income rose about 44% from a year ago and the company beat its raised quarterly guidance, prompting the company to increase its earnings view for the year.
C&A Floorcoverings Earns Environmental Award
Atlanta, GA, Apr. 15--C&A Floorcoverings, a Dalton, GA based commercial floorcovering manufacturer, was honored with an Environmental Improvement Award during the 26th Anniversary Keep Georgia Beautiful Awards Luncheon.
Housing Starts Bounce Back
Washington, DC, Apr. 16--Home-building activity rebounded in March, following two straight months of decline, fueled by low interest rates.
Junckers Under New Ownership
Witham, England, Apr. 16--Junckers Industrier A/S, Europe's leading producer of solid hardwood flooring products, has been bought by Axcel, a leading Danish investment company with a capital commitment of 0.5 billion Euros.
Recycled Flooring Wins ADEX Design Award
Taunton, MA, Apr. 16--SelecTech Flooring has received the 2003 Gold ADEX Award (Award for Design Excellence) for its new FreeStyle recycled interlocking floor tile.
Housing Market Index Up
Washington, DC, Apr. 15--Builder confidence in the market for new single-family homes rose strongly in early April, according to the National Association of Home Builders' latest Housing Market Index.