Villeroy & Boch Boosts Job Cuts
Mettlach, Germany, August 2--Villeroy & Boch, the German ceramics group, is scaling up its job-cutting plan, and now envisages around 300 job cuts in the current year.
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.
PPG Acquires Asian Maker of Specialty Wood Coating
Pittsburgh, PA, August 2--PPG Industries has acquired Crown Coating Industries of Singapore, a privately held manufacturer of specialty wood coatings. Terms were not disclosed.
Manufacturing Activity Up in July
Tempe, AZ, August 1--Economic activity in the manufacturing sector grew in July for the 26th consecutive month, while the overall economy grew for the 45th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On
House Passes Association Health Plan Legislation
Washington, DC, August 1--The U.S. House of Representatives on July 27 passed the Small Business Health Fairness Act (H.R. 525), a bill that permits the formation of association health plans (AHPs).
Feltex Revises Earnings Again
Wellington, New Zealand, August 1--The reputation of the Feltex board led by chairman Tim Saunders is not improving with age. This week, the beleaguered carpet manufacturer revised its June-year earnings for the third time in four months.
Construction Spending Off 0.3%
Washington, DC, August 1--Spending fell 0.3% in June to an annual rate of $1.1 trillion, according to the Commerce Department.
Tennant’s 2Q EPS Up 80%
Minneapolis, MN, August 1, 2005—-Maintenance products company Tennant today reported net earnings of $6.7 million, or $0.74 per diluted share, on net sales of $137.1 million for its second quarter ended June 30, 2005.
LBO France Buys French Tile Company Terreal
Paris, France, August 1--LBO France, a Paris-based private equity firm, agreed to buy French tile-maker Groupe Terreal for about 860 million euros ($1 billion), adding to investments that include building materials supplier Materis.
Home Depot Receives Hazardous Waste Subpoena
Atlanta, GA, August 1--Home Depot said it received a federal grand jury subpoena seeking documents and information related to its handling, storage and disposal of hazardous waste.
Frist Intends to Have Asbestos Bill Passed this Fa
Washington, DC, August 1--Senate Majority Leader Bill Frist said on Friday he intends to get legislation creating a $140 billion asbestos victims' compensation fund approved by the chamber this autumn.