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.

Supreme Court Hears Mohawk/RICO Case

Washington, DC, April 27, 2006--Listening yesterday to early arguments in a case that could profoundly affect illegal immigration as well as corporate legal accountability, the U.S. Supreme Court began weighing the Mohawk Industries case.

Wellman Reports 4Q Loss

Fort Mill, SC, April 26, 2006--Wellman Inc., a maker of polyester fiber and products, said on Tuesday it incurred a quarterly loss amid a surge in resin and polyester imports.

Pergo’s Q1 Earnings Up

Trelleborg, Sweden, April 26, 2006--Pergo in the first quarter of 2006 reported net sales that increased by 8% to SEK 768 million (US$102.5m), verses SEK 713 million (US$94.9m).

Weyerhaeuser Posts 1Q Loss

Federal Way, WA, April 26, 2006--Weyerhaeuser Co., posted a first-quarter loss versus a year-earlier profit after a charge related to the fine paper business.

Campbell Elected FCICA Chair

Keith Cambell, chairman of Mannington Mills, is the newly elected chairman of the Floor Coverng Industry Foundation (FCIF). He had been its secretary-treasurer.

Louisiana-Pacific 1Q Earnings Off, Beat Estimates

Nashville, TN, April 26, 2006--Louisiana-Pacific Corp., net earnings for the first quarter that were off 18 percent to $83.7 million, or $0.79 per share, from $101.7 million, or $0.91 per share, posted a year earlier.

Durable Goods Orders Up 6.1%

Washington, DC, April 26, 2006--Orders for durable goods increased 6.1% in March, led by strong demand for airplanes, machinery and electronics, according to a Commerce Department report.

FTC OKs Mohawk/DuPont Temporary Fiber Designation

Washington, DC, April 26, 2006--The Federal Trade Commission granted Mohawk Industries Inc., Dupont Co. and PTT Poly Canada a temporary alphanumeric designation for a new fiber product they have created.

Faus Group Acquired by Top Management

Valencia, Spain, April 26, 2006--Faus Group announced today that the company has been bought by the top Faus management, led by Juan Negre, chairman and CEO of Faus Group, in conjunction with a financial group and an investment group from Spain.

Shaw Wins GPEC 2006 Environmental Award

Dalton, GA, April 26, 2006--Shaw Industries’ Commercial Division received the Environmental Stewardship Award in the Design for Sustainability category at the 2006 Global Plastics Environmental Conference on March 1, 2006.