Writedown Hit New Zealand’s Feltex
Wellington, New Zealand, December 1, 2005--Carpet maker Feltex said today its 2006 result would be significantly affected by one-off writedowns and it would not be paying a dividend.
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.
Architecture Billings Index Up for Tenth Straight
Washington, DC, December 1, 2005--The Architecture Billings Index (ABI), a leading economic indicator of nonresidential construction activity, showed growth for the tenth consecutive month in October.
Construction Spending Up 0.7%
Washington, DC, December 1, 2005-Spending on construction projects increased 0.7% in October as public-sector outlays jumped, the Commerce Department said Thursday.
Low & Bonar Faces $14 Million in Fines
London, England, December 1, 2005--Flooring group Low & Bonar is facing a hefty fine after the European Commission ruled that the group was involved in a cartel in the 1990s.
ISM: Manufacturing Growth Slows
Tempe, AZ, December 1, 2005-Factory activity in the United States remained at a strong pace in November, the Institute for Supply Management reported Thursday.
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
Wisconsin Retailer Closes Store, Can't Compete
Wisconsin Rapids, WI, November 30, 2005--After 55 years of business, Henke's Floors will be closing its doors for the final time Friday.
Azrock By Tarkett Launches Solid Homogeneous Comme
Houston, TX, November 30, 2005--Responding to designers’ and architects’ need for a solid flooring option that is resistant to scuffing, Azrock by Tarkett is pleased to announce the launch of SolidAir.
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.