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.
Chicago, IL, Dec. 18--Fitch Ratings has downgraded Solutia Inc.'s senior secured credit facility rating to 'DDD' from 'B-' and the ratings on the senior secured and senior unsecured notes to 'D' from 'CCC'.
China, Dec. 17--Honeywell International Inc. has launched a series of business and investment plans, targeting China's nylon carpet market. It’s another big move for the firm following its acquisition of Zefron.
Youngstown, OH, Dec. 17--Calling itself one of the last remaining family-owned producers of ceramic tile in the country, Summitville Tiles filed a petition for Chapter 11 bankruptcy protection.
Dallas, Dec. 17--As a floorcovering professional, trying to run a successful business can present a lot of challenges.
Milwaukee, WI, Dec. 16--Employers nationwide are cautiously optimistic about demand for their products and services and plan to hire slightly more workers in the first quarter of the year, according to a survey by staffing company Manpower Inc.
Alexandria, VA, Dec. 16—Coverings announced today the call for entries to the 2004 Prism Stone in Architecture Awards honoring outstanding examples of architectural achievement in the use of natural stone.
Washington, DC, Dec. 16--Consumer prices fell for the first time in seven months in November.
Lancaster, PA, Dec. 15--A vacant city tract has a new owner but not a new use, as yet. Lancaster developer Robert A. Wolf II this week completed his purchase of a nearly 15-acre site from Armstrong World Industries for $1.5 million.
Morris Township, NJ, Dec. 16, 2003—Honeywell announced today that it expects 2004 earnings per share to range from $1.40 to $1.55.
Ludwigshafen, Germany, Dec. 16--BASF and Ticona, the technical polymers business of Celanese AG, have reached an agreement under which BASF will acquire the nylon 6,6 business of Ticona.