Steelcase Posts 1Q Profit
Grand Rapids, MI, June 20—Steelcase, Inc. posted a quarterly profit after a year-earlier loss, helped by recovering demand for office furniture in the United States.
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.
Current Account Gap Widens
Washington, DC, June 17--The current account deficit continued its steady march upward in the first quarter, the Commerce Department reported Friday.
EU Sends Statement of Objections in Synthetic Rubb
Brussels, Belgium, June 17--The European Commission confirmed it sent a 'statement of objections' detailing competition concerns to a series of synthetic rubber producers accused of operating a cartel, according to afx news.
MoldWash USA Intros Mold Fighting Carpet Product
Los Angeles, CA, June 17--To combat mildew and mold, MoldWash USA introduced the powerful product MoldWash Household less than one year ago.
Zickgraf Buys Thomson Oak Flooring Name, Assets
Franklin, NC June 17--Zickgraf Hardwood Flooring Company has purchased The Thomson Oak Flooring brand name and certain assets from Thomson Oak Flooring Company Inc.
Consumer Sentiment Up In June
Ann Arbor, MI, June 17--Consumer sentiment improved in June, according to the University of Michigan consumer sentiment index. The gauge rose to 94.8 from 86.9 in May.
Germany’s Vorwerk Posts Record Year
Wuppertal, Germany, June 17--In the year 2004 carpet and household appliance maker Vorwerk continued the very good growth development of the past years.
Iranian Claims Pakistani Weavers Imitating Persian
London, England, June 17--An expert on carpet affairs said that Pakistan has taken full advantage of poor state support for the industry in Iran to imitate the designs of Persian carpets and export them to international markets.
StonePeak Ceramics Names Two Regional Sales Manage
Chicago, IL, June 17--StonePeak Ceramics Inc. hired Drew Giungo and Doug Snell as regional sales managers in the Northeast and Southeast regions, respectively.
Wellman to Take $24M Charge in Lawsuit Settlement
Shrewsbury, NJ, June 16--Wellman Inc on Wednesday said it would record a pretax charge of $24 million in the 2005 second quarter to cover the cost of a lawsuit settlement.