Carmel Carpets buys Turkey’s Atlas Carpets
Jerusalem, Israel, June 5, 2006--Carmel Holdings, the owner of carpet manufacturing company Carmel Carpets, has acquired 50.1% of Turkish carpet manufacturer Atlas Carpets Weaving Ind.
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Kronospan Gets $123M Slovakian Incentives
Bratislava, Slovakia, June 5, 2006--The Slovakian government has approved an investment package worth Sk3.6bn ($123m) to support the investment plans of leading wood-panel producer Kronospan (Austria).
Apartment Builders' Confidence Hit Record in 1
Washington, DC, June 5, 2006--Multifamily builder confidence in the rental apartment market soared to a new high in the first quarter of 2006, as rising occupancies and rental rates pointed to increased consumer demand.
Mohawk Featured in Academy Awards “Greenroom”
Dalton, GA, June 4, 2006--Even in black and white, Mohawk was a colorful addition to this year’s Oscar ceremonies.
Index Based on Pending Home Sales Slides
Washington, DC, June 2, 2006--Pending home sales, the leading indicator for the housing sector, are continuing to ease, according to the National Association of Realtors.
Future Spending Index: Consumers Poised to Spend i
Columbus, OH, June 2, 2006--After tapping the brakes in May, consumers are signaling they intend to spend at a faster pace in June according to Retail Forward's Future Spending Index.
Home Prices Rising at Slower Pace
Washington, DC, June 2, 2006--Home prices rose at the slowest pace in two years in the first quarter, as some once-hot markets in California saw prices fall.
TS2 Offers Special EducationalSessions for Coverin
Alexandria, VA, June 2, 2006--Exhibitors, pavilions coordinators and stand-fitters for Coverings are invited to attend TS2.
Analyst Maintains Mohawk Rating, Reduces Estimates
New York, June 2, 2006--Analysts at Stifel Nicolaus & Company maintain their "hold" rating on Mohawk Industries Inc., while reducing their estimates for the company.
Construction Spending Off in April
Washington, DC, June 2, 2006--Construction spending fell 0.1% in April, dragged down by a 1.1% drop in spending on home construction, the Commerce Department said Thursday.