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.
Tokyo, Japan, March 6, 2007--U.S. Treasury Secretary Henry Paulson said on Tuesday that a weakened housing market will not have a major impact on the U.S. financial sector, which he described as quite healthy.
Bassett, VA, March 6, 2007--Bassett Furniture Industries Inc. said Monday a steady drop in demand sent fiscal first-quarter sales sharply lower and led the company to shut down its hometown manufacturing plant.
Fairlawn, Ohio, March 6, 2007--Omnova Solutions Inc., a provider of decorative, functional laminates, said Dennis Poole has been hired as the national design specification manager for its RV & manufactured Housing products.
Washington, DC, March 6, 2007--Remodeling activity remained steady in the fourth quarter of 2006, according to the National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI).
Barnwell, South Carolina, March 5, 2007--Formica Flooring announces that Mike Havas has joined its sales team as northeast regional sales manager.
Washington, DC, March 5, 2007--The Fed, seeking to limit defaults that have roiled the subprime mortgage--lending market, has told banks to scrutinize their underwriting standards and be more transparent with customers about borrowing risks.
Shanghai, China, March 5, 2007--Shanghai Baosteel Business Development Co., Ltd. (BBDC), a wholly-owned subsidiary of China's largest steelmaker Baosteel Group, is putting its flooring business up for sale at the price of CNY 15 million.
Montreal, Quebec, March 5, 2007--Malette Industries said that Malette International, a wholly-owned subsidiary, filed a notice of intention to file a proposal to its creditors under the Bankruptcy and Insolvency Act.
Madison, WI, March 5, 2007--Sergenian's Floor Coverings of Madison used to send about 750,000 pounds of used carpeting per year to landfills.
Tehran, Iran, March 5, 2007--The U.S. and Germany accounted for 50 percent of Iran's hand-woven carpets for export between March and November 2006.