Farnham, Quebec, October 5--Domco will increase prices from two percent to four percent on its resilient flooring products, effective November 15, 2004.
The move is a direct result of escalating energy costs, according to Stephan Guindon, vice president of sales and marketing, Domco.
"Throughout the year, we have worked diligently to streamline our operations and introduce manufacturing improvements and modifications to keep our internal costs in check," said Stephan Guindon, vice president of sales and marketing. "Unfortunately, we have no control over many of our external costs, like energy, raw materials and transportation, among other factors, and we must pass on these increases."
In spite of the increases, Domco continues to offer its customers a highly competitive product line, said Guindon. The company recently introduced Elite, its second major product launch for 2004, and, at 110 mils, the thickest felt-backed product in the industry. At Surfaces 2004, the company debuted Influence, its first glass-backed product.
"Domco’s new introductions have been very well-received in the marketplace because they offer excellent quality, value and trade-up opportunities," said Guindon. "Our goal moving forward is to continue to give our customers a wide range of competitively priced products that confirm our position as the valued styling leader in the segment."
