Omnova Reports Lower Income, Higher Sales
Fairlawn, OH, March 24, 2011 -- Omnova Solutions reported first quarter net income of $1.0 million, or $0.02 per share compared to net income of $7.8 million, or $0.17 per share last year.
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.
Architecture Billings Index Ticks Up in February
Washington, DC, March 23, 2011 -- The Architecture Billings Index edged up 0.6 points to 50.6 in February, the American Institute of Architects said.
New Home Sales Hit Record Low in February
Washington, DC, March 23, 2011 -- Sales of new single-family homes fell 16.9% to a record-low annual rate of 250,000 in February, the Commerce Department estimated Wednesday.
Mullican Product Has Lifetime Moisture Warranty
Johnson City, TN, March 22, 2011 -- Hardwood firm Mullican Flooring has introduced a group of prefinished products that carry an industry-first lifetime moisture warranty.
Teragren Ends Relationship With Distributor
Bainbridge Island, WA, March 23, 2011 -- Bamboo flooring firm Teragren said it has ended its relationship with distributor Building Plastics Inc.
Barlinek Develops Glueless Joint for Solid Wood
Barlinek, Poland, March 23, 2011 -- Barlinek, the largest producer of wooden floors in Europe, said it has developed a glueless joint for solid wood floorboards.
Mortgage Applications Fall in Latest Week
Washington, DC, March 23, 2011 -- Mortgage applications in the U.S. fell last week, according to the Mortgage Bankers Association.
China Flooring To Pursue Stock Offering
Hong Kong, March 23, 2011 -- China Flooring Holding Co. is planning to raise between $200 million and $300 million in an initial public offering in Hong Kong, according to reports.
UK Tile Firm Names Creative Director
London, England, March 23, 2011 -- UK tile manufacturer Johnson Tiles has appointed Darren Clanford as creative director.
Oriental Weavers Income Rises 37 Percent
Cairo, Egypt, March 22, 2011 -- Rug maker Oriental Weavers reported a 37% increase in fourth-quarter income on higher sales and prices.