Malaysian Firm Sees Vinyl Floor Sales Rising
Bukit Mertajam, Malaysia, March 3, 2009--Tek Seng Holdings expects sales of its PVC flooring products to pick up in the current quarter ending March 31.
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.
Consumer Spending Reverses Trend, Rises in January
Washington, DC, March 2, 2009--Consumer spending rose in January after falling for a record six straight months, on increased purchases of food and other nondurable items.
Shaw Reports '08 Pre-Tax Earnings of $205 Million
Omaha, NE, March 2, 2009--Shaw Industries pre-tax earnings declined 53% or $231 million to $205 million in 2008, due to both lower sales volume and higher product costs.
Purchasing Managers Index Rises Unexpectedly
Washington, DC, March 2, 2009--U.S. manufacturers said business deteriorated again in February for the 13th consecutive month, but the pace of the decline didn't accelerate as expected.
Construction Spending Down in January
Washington, DC, March 2, 2009--U.S. construction spending declined in January, falling by 2.2% month-over-month, according to the U.S. Department of Commerce
UK Vinyl Recycling Program Nets 70 Tons
London, England, March 2, 2009--A vinyl flooring recycling program in the UK has yielded around 70 tons of material in its first year of operation, according to Axion Consulting, which is seeking more participation by waste transfer stations.
Berkshire Hathaway Turned a Profit in 2008
Omaha, NE, March 2, 2009--Berkshire Hathaway's net profit fell 96%, the fifth quarterly straight decline and the firm's net worth dropped $10.9 billion dollars in the final three months of 2008.
Flowcrete Opening Office in India
Chennai, India, March 2, 2009--Flowcrete is opening a new office in India.
Mannington Names Wood, Porcelain Accounts Manager
Salem, NJ, March 2, 2009--Dennis Hrusa has joined Mannington Mills as strategic accounts manager for wood and porcelain.
Antrim Carpets Co-Founder O'Neill Retires
Syosset, NY, Feb. 27, 2009 — Stanton Carpet said co-founder and vice president of sales for Antrim, Fran O’Neill has retired.