Global Construction Expected To Decline This Year
New York, NY, April 13, 2009--Global construction spending will decline 3.7% this year to $5.6 trillion, according to a report by IHS Global Insight Construction Services.
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.
New Zealand Wool Prices Hit 30-Year Low
Auckland, New Zealand, April 13, 2009--Wool prices in New Zealand fell to the lowest in 30 years as the slump in global construction sapped flooring demand for new buildings and home renovations.
Tennant Cleaning System Earns European Award
Minneapolis, MN, April 13, 2009--Tennant Company has developed a new process called ec-H2O that uses electricity to change plain tap water to a cleaner without any added chemicals.
Oil Prices Back Below $50
New York, NY, April 13, 2009--Oil prices fell below $50 a barrel Monday after the International Energy Agency said it expects global crude demand to drop this year amid the worst worldwide recession in decades.
Economists Point to Second Half Growth
Washington, DC, April 10, 2009--Consumer spending and a recovery in the housing sector recover should help the economy begin turning around in the second half of the year.
Florida Tile Gets Greenguard Certification
Lakeland, FL, April 10, 2009--Florida Tile said that it is the only supplier of tile and stone products to receive Greenguard for Children and Schools certification.
Tarkett, Aconcagua, Restructure Joint Venture
Clarion, PA, April 9, 2009--Tarkett Inc. and Chilean wood panel company Aconcagua Timber (ATC) are restructuring the ownership of their wood panel and laminate joint venture.
Mohawk Stock Downgraded to 'Sell'
Cleveland, OH, April 10, 2009--Mohawk Industries was downgraded to "sell" by Longbow Research with a price target of $20.
Feds Say Refinancing Program Starting To Work
Washington, DC, April 10, 2009--U.S. Housing Secretary Shaun Donovan said that the two-month-old Making Home Affordable program was beginning to work.
Pockets of Optimism in Retail Sales Report
New York, NY, April 10, 2009--March retail sales showed encouraging signs that consumers are no longer cutting their spending, a key to finding a bottom to the recession.