Tarkett Completes Acquisition of Lexmark
Paris, FR, October 1st, 2018-Tarkett has completed the acquisition of Lexmark Carpet Mills.
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.
Construction Spending Up 6.5% YOY in August
Washington, DC, October 1, 2018—Construction spending during August 2018 was estimated at a seasonally adjusted annual rate of $1,318.5 billion, 0.1% above the revised July estimate of $1,317.4 billion, according to the U.S. Census Bureau.
Swiss Krono Set to Expand Barnwell, SC Plant
Barnwell, SC, October 1, 2018—A $200+ million, 250,000 square-foot expansion of the Swiss Krono plant in Barnwell, South Carolina has been enabled by National New Markets Fund, The Innovate Fund, Dakotas America and SunTrust Community Capital, which allocated $17 million, $11.25 million, $10 million and $7 million, respectively, in New Markets Tax Credits.
Construction Starts Fell 9% in August But Remain Up for YTD 2018
New York, NY, October 2, 2018-The value of new construction starts in August decreased 9% from the previous month to a seasonally adjusted annual rate of $741.9 billion, according to Dodge Data & Analytics.
Teknoflor Not Impacted by Chinese Tariffs
Milwaukee, WI, October 1, 2018—Teknoflor has announced that the Chinese tariffs will not affect any of its commercial flooring products or pricing.
Purchasing Managers Index Recorded Contraction in September
Tempe, AZ, October 1, 2018—The September Purchasing Managers’ Index (PMI) registered 59.8%, a decrease of 1.5 percentage points from the August reading of 61.3%, according to the latest Manufacturing ISM Report On Business.
Fishman Opens New Georgia Branch
Baltimore, MD, October 1, 2018—Fishman Flooring Solutions has opened a new branch in Garden City, Georgia, effective today.
Anderson Tuftex, Shaw Floors & Stainmaster Hosts Design Symposium
Dalton, GA, September 28, 2018-In partnership with Shaw Floors and Stainmaster, Anderson Tuftex hosted the Design Symposium September 19 through 21 in Ranchos Palos Verdes, California at the Terranea Resort.
Consumer Sentiment Rose 4.1% in September
Ann Arbor, MI, September 28, 2018-Consumer sentiment rose 4.1% to 100.1 in late September, from August’s 96.2 rate, according to final results from the University of Michigan.
August Construction Employment Grew in 80% of Metro Areas YOY
Arlington, VA, September 28, 2018—Construction employment increased in 287 out of 358 metro areas (80%) between August 2017 and August 2018, declined in 35 (10%) and was unchanged in 36, according to a new analysis of federal employment data released by the Associated General Contractors of America.