Tarkett Residential Raising Resilient Prices

Cleveland, OH, May 26, 2010--Tarkett Residential said it will increase prices for its resilient floor products, including FiberFloor, vinyl sheet and NAFCO Luxury Floors by 6%, effective July 1.

The company noted that cost cutting measures and internal expense reductions had allowed it to absorb most raw material and energy cost increases to date, but that Tarkett is not immune to the rising costs affecting the overall hard surface flooring industry.

“The escalating costs of raw materials, transportation and energy needed in the manufacture of flooring are the drivers of this current price increase,” said Bill Cralley, president of Tarkett Residential NA.

“We are sensitive to raising our customers’ prices just as the economy shows signs of recovery, but the increases from our suppliers are so significant that we have no other option but to pass on a portion of the increase.”