Mannington Increases Prices on Its Vinyl and Hardw

Salem, NJ, September 27--Mannington Mills, Inc. announced today that it will be instituting price increases across several residential and commercial product lines. The company cites several reasons for this action, including continued, significant rising costs in energy, raw materials, and transportation. Effective with shipments on Monday, November 15, 2004, there will be increases of 7 to 10 percent on vinyl composition tile (VCT) products; approximately 5 percent on commercial and residential vinyl products; and 3 to 5 percent on hardwood products. "We have experienced unprecedented increases in our key raw materials, on top of the higher energy and transportation costs we've been absorbing for some time now. These cost increases are substantial and unfortunately can no longer be absorbed," said Tom Davis, president and CEO, Mannington Mills. Davis continued, "Although increases have impacted our industry in virtually every product category, flooring remains an excellent value and, therefore, continues to show market strength."