Armstrong Officially Closes Arkansas Wood Plant
Searcy Arkansas, February 28--The Armstrong plant in Searcy officially closed last week, although a limited crew will continue production through May.
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.
OFIS Opens Parador Showroom in Dubai
Dubai, United Arab Emirates, February 28--OFIS has launched exclusive wooden flooring from Parador, German specialists in laminated, pre-finished timber and timber floorings, according to AME Info.com.
Pieper Ready to Hike Forbo Stake to Block Takeover
Zurich, Switzerland, February 28—-It has been reported that Swiss industrialist and major shareholder Michael Pieper is prepared to build his stake in Forbo Holding AG to 33.32 pct to undermine a successful takeover by AFB.
Terra Blocks Launched as Low Cost Global Option
Toronto, ON, February, 25--First Canadian American Holding Corporation announced that its joint venture partner has developed unique decorative floor tile to enhance its low cost earth construction methods used around the world.
Double-Digit Profit Growth for U.S. Hotels in 2004
Atlanta, February 28--The typical U.S. hotel achieved an estimated 13.3 percent increase in profits in 2004, and is projected to enjoy another 14.1 percent boost to the bottom-line in 2005, according to the 2005 P&L Forecast published by PKF Hospitality R
Help-Wanted Ad Index Up in January
New York, NY, February 25--The Conference Board’s Help-Wanted Advertising Index – a key barometer of America’s job market – increased three points in January. The Index now stands at 41. It was 38 one year ago.
U.K. Mosaics Firm Focusing on U.S.
Port Talbot, Wales, February 25--Mosaici has used computer-aided design to create a series of pattern templates for ancient mosaic tiles which simplifies the usually complex task of recreating 2,000 year-old Roman and Celtic designs, according to the West
Hurricane Rebuilding Pushes 2004 Home Improvements
Tampa, Florida, March 1--The active hurricane season helped drive spending on home improvement products to a new record high estimate of $271.4 billion in 2004, according to the Home Improvement Research Institute (HIRI).
Tom Ridge Named to Home Depot’s Board
Atlanta, GA, February 25--Tom Ridge, the former secretary of the Department of Homeland Security and former governor of Pennsylvania, was named to Home Depot Inc.'s board of directors, the home improvement retailer announced on Thursday.
WSJ: Federated & May Close to a Deal
New York, NY, February 25--The Wall Street Journal reported on Friday that the boards of Federated and May are scheduled to meet in the next two days to finalize terms of a possible merger.