Pakistan Carpet Exporters Hope to Regain Lost U.S.
Karachi, Pakistan, Mar. 11--Pakistan carpet exporters are hoping to recover lost market share in the US market following a cut in the duty on Pakistani hand knotted carpets by U.S. authorities.
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.
Pergo and HW Receive Approval
Trelleborg, Sweden, Mar. 7--Pergo AB and the main shareholder of Witex AG, HW Industries GmbH & Co. KG, signed a binding agreement concerning a merger between Pergo and Witex late last year.
Pergo Submits Product to Standards Testing
Raleigh, NC, Mar. 10--Pergo recently submitted its products for industry standards testing. Every product tested passed and, in December, the company was granted official standards certification by the North American Laminate Flooring Association (NALFA).
Biggest Surfaces Ever
Dallas, TX, Mar. 4—Surfaces 2003 wasn’t hindered a bit by a sluggish economy, setting records in attendance, number of exhibiting companies and net square feet of exhibit space.
Berkshire Out, Mohawk May Bid On Lees
Greensboro, NC, Feb. 28--Berkshire Hathaway has dropped its offer to buy Burlington Industries after the bankruptcy court rejected some of the terms of the deal.
Consumer Spending Drops Slightly
Washington, DC, Mar. 3—Consumers, worried about a possible war with Iraq and their own financial prospects, cut spending 0.1% in January--the first decline in four months.
Smith Named Floor Expo President & COO
Atlanta, GA, Mar. 9--Jay Smith has been named president & COO of FloorExpo. Previously, Smith was executive vice president & COO of the company. He joined the firm in April 2000 as senior vice president of sales and marketing.
Employee Confidence Falls
Washington, DC, Mar. 6--Employee confidence fell to an all time low of 52 in February, as employees expressed increased concerns about the state of the nation's economy, according to the Gallup/UBS Employee Outlook Index, a joint effort of The Gallup
Judge Denies Berkshire’s Breakup Fee
Wilmington, DL, Feb. 28—The bankruptcy judge overseeing the Burlington Industries bankruptcy has denied a motion to authorize Burlington to pay Berkshire Hathaway a $14 million breakup fee should Burlington sell to another entity.
Dow Increases Carpet Latex Prices
Midland, MI, Feb. 28—The emulsion polymers business of Dow Chemical is increasing the prices of all latex products sold into the carpet industry by $0.02 per pound, effective April 1.