Overvalued Dollar Affecting Feltex
Auckland, New Zealand, Feb. 16--Feltex Carpets has become the latest victim of an overvalued kiwi dollar.
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.
Hacker Industries Introduces True Screed Underlaym
Newport Beach, CA, Feb. 16--A cutting-edge new self-leveling Portland cement-based underlayment that offers high compressive strengths and superior bonding characteristics is now available from Hacker Industries.
SEC Dismisses Case Against Former Kmart Execs
Detroit, MI, Feb. 13--The Securities and Exchange Commission has dropped its accounting fraud case against two former Kmart Corp. executives, a lawyer for one of the men said Thursday.
Feltex Earnings Up
Auckland, New Zealand, Feb. 13-- The Feltex Group recorded a net surplus of $11.4 million for the six months ended 31 December 2003.
BASF to Raise Ultramid Polyamide & Caprolactum Pri
Mount Olive, NJ, Feb. 12--BASF today announced that it will increase prices for Ultramid polyamide (PA) 6 spinning polymer, compounding resins and caprolactum in North America by six cents per pound, effective March 1.
Consumer Confidence Drops
New York, NY, Feb. 13--The University of Michigan's preliminary consumer sentiment index for February dropped to 93.1 from a revised 103.8 in January.
Liveris Elected to Dow's Board of Directors
Midland, MI, Feb. 13--The Dow Chemical Company announced today the unanimous election of Andrew N. Liveris to the Board of Directors.
WG McMahon Acquires Royal Scot
Lemont, IL, Feb. 13--WG McMahon Inc., a subsidiary of Kraus Carpet Mills, has acquired a majority interest in Royal Scot Floorcovering Distribution.
Invista Sale to Include $1.8B Bank Loans, $1.2B Bo
Wilmington, DE, Feb. 12--DuPont Co. textile unit Invista is planning to offer $1.2 billion in senior notes and $1.8 billion in bank credit facilities to help finance Koch Industries Inc.'s leveraged buyout of the unit.
Feltex Carpets to Cut 70 Jobs
Auckland, New Zealand, Feb. 13—It was reported that approximately 70 people will lose their jobs at a Christchurch carpet factory.