Chicago PMI Still Shows Lack of Growth
Chicago, IL, June 30, 2008--The Chicago purchasing managers’ index increased to 49.6 for June, up from May’s 49.1, although the reading still indictes slight contraction for the fifth consecutive month.
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.
Faus Patent Upheld by Chinese IP Office
Calhoun, GA, June 25, 2008– Faus said that on June 20 the State Intellectual Property Office in China upheld the company's patent for embossed in register technology.
Oil Prices Continue To Set New Records
London, England, June 30, 2008--The picture's not getting any prettier for flooring manufacturers and other that are highly dependent on oil. Oil prices spiked above $143 a barrel for the first time ever Monday.
Hartwall Capital Increases Stake in Karelia
Kuopio, Finland, Jun 30, 2008--Hartwall Capital Oy Ab has purchased Karelia Finland Oy's 33 percent stake in Karelia Upofloor Systems, giving Hartwall 99 percent ownership.
Laticrete Opens New Corporate Campus
Bethany, CT, June 30, 2008--Laticrete marked the grand opening of its new $24 million corporate campus on June 24 with a ribbon-cutting ceremony in Bethany.
Mannington Buys Rubber Flooring Firm Burke
Salem, NJ, June 26, 2008 – Mannington Mills said it has acquired resilient manufacturer Burke Industries, a maker of rubber flooring tiles, wall base, treads, and accessories.
Tarkett SA 2007 Revenues up Nearly 10 Percent
Paris, France, June 27, 2008--Tarkett SA said that in 2007 it increased revenues 9.6 percent to $3.27 billion
Beaulieu Expanding Workforce in Alabama
Eufaula, AL, June 24, 2008—Beaulieu of America is adding workers to its carpet yarn plant in Eufaula.
Stimulus Checks Boost Incomes, Spending
Washington, DC, June 27, 2008--Federal economic stimulus payments boosted household finances in May, sending after-tax incomes up by the largest amount in 33 years, according to the Commerce Department.
Help Wanted Advertising Continues To Fall
New York, NY, June 27, 2008--The Conference Board Help-Wanted Advertising Index fell one point in May and is down 10 points from a year ago.