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.

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.

Beige Book: Economy Expanding

Washington, DC, June 16--The economy expanded across the nation from mid-April through May as tourism, real estate, and manufacturing strengthened and the job market improved nationwide, according to the Federal Reserve’s beige book survey.

Tandus Announces 1Q Financials

Dalton, GA, June 15--Tandus Group, Inc., which includes Collins & Aikman Floorcoverings, Inc., and Subsidiaries, announced its financial results for the first quarter (13 weeks) ended April 30, 2005.

Ilva's Paesina Collection Offers Modern Porcel

Coconut Grove, FL, June 16--Modern décor continues to grow in popularity in homes and businesses nationwide, and Ilva S.A. - the Argentine manufacturer of porcelain tile - has introduced its Paesina Collection as a reflection of that style.

Group Mobilizes To Stop Asbestos Legislation

Washington, DC, June 16--The Coalition for Asbestos Reform (C.A.R.), a group of small and medium sized businesses and major insurance companies, announced today that it has engaged a team to educate U.S. businesses and policymakers about the serious flaws

Crossville Intros a First in Porcelain Stone Tile

Crossville, TN, June 16--For the first time in Porcelain Stone tile, Crossville has made it possible for homeowners and designers of commercial projects to easily create uniquely personal floor installations that can also be carried up the wall.

Builder Confidence Hits New High For 2005

Washington, DC, June 16--Encouraged by continuing low mortgage rates and robust demand for new homes, single-family home builders are more confident this June than they’ve been all year, according to the latest National Association of Home Builders/ Wells

New Executive Committee, Board Members Elected at

Anaheim, CA, June 16--Aaron J. Pirner, CFE, will become chairman of the board of directors of the World Floor Covering Association (WFCA) effective July 1.

Spanish Tile Exports Up Slightly in 1Q

Castellón. Spain, June 15--The Spanish ceramic tiles association Ascer said that in the first three months of 2005 the value of Spanish tile exports rose 0.9 per cent on the same period last year to 458.6m euros.

Business Inventories Up 0.3% in April

Washington, DC, June 15—-Business inventories rose 0.3% in April, falling slightly from the month-ago level of 0.5%, according to the Commerce Department.