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.

Kronotex Sets Up Indian Subsidiary

New Delhi, June 30--Germany-based laminated flooring major Kronotex Fussoboden GmbH & Co has entered the Indian market with a wholly owned subsidiary ‘Kronotex Ltd. The company is looking at setting up a manufacturing plant in India to cater to the market

Interface’s Anderson Honored by IIDA

Chicago, IL, June 27--The International Interior Design Association’s International Honors and Awards were presented at IIDA’s Ninth Annual Meeting on Sunday, June 15, 2003 by Association President, Anita Barnett, FIIDA.

Wellman Sells Stake in Company

Shrewsbury, New Jersey, June 27--Wellman Inc., which makes polyester fibers and plastic resins, said it sold a stake in the company to a private investor after the plan won shareholder approval and it secured a credit line.

DuPont Hires Ad Firm Ogilvy & Mather

New York, NY, June 26--DuPont Co. wants to show the softer side of its old industrial self, hiring a famed ad agency to remind the public it is more than just a chemical company

Quick-Step To Change Name

Thomasville, NC, June 27--The maker of Quick-Step flooring products in Thomasville will change its name to Unilin Flooring on July 1, the company announced on Monday.

Consumer Confidence Steady

New York, NY, June 25--Consumers are feeling increasingly confident in the future health of the economy, but that optimism is tempered by doubts about current business conditions, a private research group reports.

Durable Goods Orders Slip

Washington, DC, June 25--Durable-goods orders unexpectedly fell in May, led by lower capital goods, electrical equipment and transportation orders, suggesting the manufacturing sector's recovery remains fragile.

Home Depot Says Fiscal Year Projection On Track

Atlanta, GA, June 25--Home Depot Inc. Chief Financial Officer Carol Tome reiterated the home improvement giant's guidance that earnings will increase 9% to 14% on a sales increase of 9% to 12% for the fiscal year ending January 2004.

Existing Home Sales Rise

Washington, DC, June 25--Existing single-family home sales rose in May and were at the third-highest monthly pace on record, according to the National Association of Realtors.