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.

Rona 2Q Earnings Up 31%, In Growth Mode

Vancouver, BC, August 11--Home improvement retailer Rona Inc. reported new earnings that rose to $70.4 million, $0.61 per share diluted, on sales of $1.21 billion in the three months ended June 26.

Ekowood to Use More Malaysian Timber Species

Perak Darul Ridzuan, Malaysia, August 11—-Ekowood International Bhd, a company involved in engineered hardwood flooring, plans to use more Malaysian timber species for its products, it was announced in Kuala Lumpur yesterday.

Decorative Laminate Demand to Reach 15.7B SF in 20

Cleveland, OH, August 10--Sales of decorative laminates in the US are forecast to increase 3.9 percent per year to 15.7 billion square feet in 2009, valued at $6.2 billion, according to "Decorative Laminates," a new study from The Freedonia Group, Inc.

NAR: Housing Sector To Coast Near Record Levels

Washington, DC, August 9--Home sales are expected to trend down from record levels during the second half of this year, but easily set annual records for both new- and existing-home sales, according to the National Association of Realtors.

Congoleum Reports 2Q Results

Mercerville, NJ, August 9--Congoleum Corp. in the second quarter reported a net loss of $14.6 million or $1.77 per share, which included a $15.5 million charge for asbestos liabilities.

Pergo and Witex Settle Patent Infringement Suit

Trelleborg, Sweden, August 9--Pergo (Europe) AB and Witex AG have settled the patent infringement lawsuit initiated by Pergo against Witex USA, Inc. in the United States District Court for the Northern District of Georgia.

Shaw Expands Thomson Extrusion Facility

Dalton, GA, August 8--Shaw’s fiber extrusion Plant 38 in Thomson, Georgia, is undergoing a multi-million dollar expansion to meet the growing demand for PET and PTT filament products.

Berkshire, Shaw Report 2Q Results

Omaha, NE, August 8--Berkshire Hathaway in the second quarter reported net income of $1.45 billion, or $941 per share, up from $1.28 billion, or $834 a share, in the same period a year earlier.