Producers Hike Nylon Prices
New York, NY, July 14--Rising benzene prices are putting pressure on nylon margins, forcing producers to increase prices. BASF, Rhodia and Bayer have raised the price of nylon-6 and nylon-6/6 resins by around 5-10%.
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.
FiberFloor a Success for Tarkett Residential
Whitehall PA, July 14--Since its debut in January 2004 at Surfaces, FiberFloor from Tarkett Residential has given consumers new reason to consider sheet flooring for their homes.
Mohawk Laminate Offers Unique Sound Reduction Prop
Dalton, GA, July 14--Mohawk's Harper's Mill laminate improves floor covering by borrowing ideas from the automotive industry.
Solutia Explores Sale of Pharmaceutical Business
St. Louis, July 14--The European subsidiary of bankrupt chemicals concern Solutia Inc. has tapped an investment banking firm to help explore the possible sale of its pharmaceutical services business.
Faus Intros New Transition System
Dalton, GA, July 14-- Faus Group, Inc. introduced the new Fastrim Multi-Transition System. The single SKU features five transitions.
CFI 11th Convention in Chattanooga This Month
Kansas City, MO, July 13--The CFI 11th Convention is scheduled for July 28-31, 2004 at the Chattanoogan Hotel in Chattanooga, Tennessee.
Sears Establishes New Executive Retail Position
Hoffman Estates, IL, July 13—Sears has established a new, expanded leadership position of President of Sears Retail.
Moody's Cuts May Department Stores' Rating
New York, NY, July 13--Moody's Investors Service cut its long-term ratings on May Department Stores Co.'s debt, citing the company's higher borrowings after buying 71 department stores for $3.2 billion.
Universal Forest’s 2nd Quarter Earnings Up 15%
Grand Rapids, MI, July 13--Universal Forest Products Inc.'s second-quarter profit rose 15% on revenue growth of 34%.
Setra Group Wins 3-Year Contract from Kahr
Stockholm, Sweden, July 13--The Swedish wood industry company Setra Group AB has secured a three-year contract for pine wood from the flooring maker AB Gustaf Kahr.