Oriental Weavers Expanding Capacity
Cairo, Egypt, April 18, 2011 -- Oriental Weavers intends to invest $33.6 million in its plants this year to boost production capacity, according to Arabfinance.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Armstrong Brands Rated High in Builder Study
Lancaster, PA, April 18, 2011 -- -Armstrong and Bruce brands were voted leaders in Builder magazine's 2011 Brand Use Study in vinyl flooring, laminate flooring and wood flooring.
Consumer Sentiment Rises in Early April
Ann Arbor, MI, April 15, 2011 -- The Thomson Reuters/University of Michigan consumer sentiment survey reading rose to 69.6 in early April.
Shareholders Will Determine Pfleiderer's Future
Neumarkt, Germany, April 15, 2011 -- Pfleiderer's future hinges on a shareholder vote this summer on whether to approve the firm's debt reduction strategy.
Manufacturing Increases Again in March
Washington, DC, April 15, 2011 -- Manufacturing activity rose for the ninth straight month in March, the Federal Reserve said Friday.
NAHB Opposes Changes to Mortgage Deduction
Washington, DC, April 15, 2011 -- Any attempt to alter the mortgage interest deduction would be an attack on middle class families, said Bob Nielsen, chairman of the National Association of Home Builders.
Ecore Begins Material Recycling Program
Lancaster, PA, April 15, 2011 -- Rubber flooring firm Ecore International has launched a “Redeux” material take back program.
Consumer Inflation Remains Low
Washington, DC, April 15, 2011 -- Consumer inflation generally remained subdued last month despite higher prices for food, gasoline and rent.
Unclear How Dispute Will Hit Lumber Liquidators
New York, NY, April 15, 2011 -- It's not clear how the ongoing dispute concerning alleged dumping of engineered hardwood flooring will affect Lumber Liquidators, according to analyst John Baugh of Stifel Nicolaus.
Empire Manufacturing Index Rises Sharply
New York, NY, April 15, 2011 -- The Empire State manufacturing survey rose for a fifth straight month in April, as general business conditions rose four points to a reading of 21.7, the Federal Reserve Bank of New York said.