Mohawk Sees ’04 Capital Expenditures of $140M To $

Calhoun, GA, Mar. 4--Mohawk Industries Inc. said it expects 2004 capital expenditures, excluding acquisitions, to be between $140 million and $160 million, according to an annual report filed Wednesday with the Securities and Exchange Commission. The expenditures will be used primarily to purchase equipment to increase production capacity and productivity, the filing said. Mohawk Industries also said in the filing that it repurchased 593,000 shares of the company's common stock $27.8 million in 2003. The company's board has authorized the repurchase of up to 15 million shares of common stock. Shares of manufacturing company Mohawk Industries closed Wednesday at $83.18.