Lanxess to Cut up to 1,200 Jobs
Leverkusen, Germany, April 27--Lanxess, the German chemicals company which went public recently, has revealed that it intends to cut up to 1,200 jobs.
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.
CVC Officially Withdraws EU Notification of Forbo
Brussels, Belgium, April 27--CVC European Equity Partners has withdrawn its notification to the European Commission of its proposed acquisition of Swiss flooring and adhesives manufacturer Forbo Holdings AG.
Honeyman Named President of Springs’ Decorative Fl
Fort Mill, S.C., April 27--Kris Honeyman was appointed president of Springs Industries’ decorative flooring division, where he reports to Tom O'Connor, executive vice president.
New Zealand Sheep Farmers Reject Apparel Funding P
Auckland, NZ, April 27--New Zealand's sheep farmers have rejected paying for an international pilot program in apparel marketing.
Study: In Housing, Canadians Prefer Bigger
Toronto, ON, April 27--Nearly half of of Canadians who plan to buy a home in the next two years intend to buy one that is bigger than the home they currently reside in.
Durable Goods Orders Off 2.8%
Washington, DC, April 27--Orders for durable goods in March were off 2.8% in March, the largest drop since September 2002, according to the Commerce Department.
Sears Cuts Headquarters Jobs
Hoffman Estates, IL, April 27--Sears has started a major wave of layoffs at its in the wake of last month's merger with Kmart Holding Corp.
Home Depot Leases Warehouse Space in Chicago Area
Atlanta, GA, April 27--Home Depot signed a lease for a new 800,000 square foot distribution center in Bolingbrook, Illinois, according to a report in the Chicago Tribune. The company will now have 3 million square feet of warehouse space under lease in th
Steve Cratch Joins Penn Wood Products Company
East Berlin, PA, April 27--Steve Cratch has been named Sales & Marketing Representative for Penn Wood Products Company.
US Xpress Reports 1Q Loss
Chattanooga, TN, April 26--U.S. Xpress Enterprises Inc. reported a loss in the first quarter, due largely to a seasonal downturn in demand for freight transport.