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.

Activists Says Afghan Carpet Weavers are Unpaid Sl

Kabul, Afghanistan, November 30, 2005—According to a AFP.com, thousands of women and girls who weave world famous Afghan carpets are treated as unpaid slaves by their male relatives, a rights activist said, calling on the government to regulate the indust

Kronospan to Increase Capacity

Presov, East Slovakia, November 30, 2005—It was reported that Kronospan, which is the largest Czech producer of chipboards, will raise its production capacity by 3.5 million to some 11.5 million square metres of flooring.

GDP Revised Up To 4.3%

Washington, DC, November 30, 2005 --The U.S. economy grew at a 4.3% annual rate in the third quarter, the Commerce Department said Wednesday in its first revision of gross domestic product estimates.

Most Corporate Fraud Detected by Chance

New York, NY, November 30, 2005—According to a study from auditing firm PriceWaterhouseCoopers, despite tough regulations aimed at improving corporate governance, financial fraud is still on the rise around the world, and most is still detected by chance.

Q.E.P. to Open China Headquarters

Boca Raton, FL, November 30, 2005--Q.E.P. Co. has announced that it will open its new worldwide global sourcing operation in Shanghai, China.

MultiFamily Solutions Launches Project MultiFacet

Marietta, GA, November 30, 2005—MultiFamily Solutions, a division of FloorExpo, sets a new standard of excellence in the multi-family business with the launch of Project MultiFacet—a benchmarking program designed to give members a competitive edge.

UK’s Topps Tiles Earnings Up

London, England, November 29, 2005--Flooring seller Topps Tiles reported a 12.9 percent increase in year underlying profit and said the trading environment was volatile and very tough.