Mannington Announces Resilient Price Increase
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Mannington Announces Resilient Price Increase
Salem, NJ, April 26, 2007--Mannington Mills, Inc. announced today that it will be implementing a price increase on a number of its commercial and residential resilient products. The company cites tightening global demand for certain primary feed-stocks, higher oil and natural gas prices, and higher transportation costs as reasons for the increase.
Effective with shipments on June 4, 2007, prices will increase by 3 to 5 percent on Adura® Luxury Floors, Stainmaster® vinyl, VCT, and select Mannington sheet vinyl.
“We have seen a continued increase in costs related to fuel used to operate our plants, inbound and outbound transportation, and key raw material components,” said Tom Davis, Mannington’s President and CEO. He continued, “Although increases are impacting the industry in virtually every product category, resilient flooring remains an excellent value to the consumer.”
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