S&P Ups Lowe's Ratings
New York, NY, December 10--Standard & Poor's Ratings Services today raised its long-term ratings on Lowe's Cos. Inc. (LOW) to 'A+' from 'A'. The outlook is stable. The 'A-1' short-term ratings on the company were affirmed.
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.
Sumitomo Enters PVC Recycling Business
Tokyo, Japan, December 10--Sumitomo Corporation has announced its entry into the recycling business with the allocation of new shares to a third-party from Refineverse Inc., a polyvinyl chloride interior waste material recycling venture business.
Forbo Board Member to Step Down, May Increase Inve
Eglisau/Zurich, Switzerland, December 10--The Board of Directors of Forbo announced that Michael Pieper has stepped down from his directorship at Forbo Holding effective immediately.
Producer Prices Rise 0.5% in November
Washington, DC, December 10—The producer price index rose 0.5 percent in November, after a 1.7% increase the October, according to a Labor Department report.
Shaw Unit Completes Final Run of PVC
Dalton, GA, December 9--Shaw Industries Inc. ran its last production of Polyvinyl Chloride (PVC) carpet backing on December 8. The PVC production line will be replaced with new tile manufacturing equipment designed to increase capacity while decreasing en
Study: China's Building Materials Market Set f
Dublin, Ireland, December 13-- Research and Markets has announced the addition of China Building Materials Market to their offering.
Costco Posts Higher 1Q Earnings
Issaquah, WA, December 9--Costco Wholesale, the largest U.S. warehouse club, posted a 21 percent increase in quarterly profit on Thursday.
Canada Says Chinese Laminate Imports Harming Domes
Beijing, China, December 9--The Canadian International Trade Tribunal (CITT) has made an initial ruling on an investigation into alleged dumping and unfair subsidization of Chinese laminate flooring imports.
New Coating Resists Mold on Surfaces
Wilmington, MA, December 9--EnviroCare Corporation, developer of mold resistant solutions has expanded its product line with ForsSite, a mold prevention product.
Forecast Says Economic Growth to Continue in 2005
Tempe, AZ, December 10--Economic growth in the U.S. will strengthen in 2005, say the nation's purchasing and supply executives in their 68th Semiannual Economic Forecast.