Armstrong to Sell Lancaster Distribution Center
Lancaster, PA, July 25—-Armstrong World Industries is offering its flooring distribution center on Spooky Nook Road for sale.
Today's Flooring News
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Pergo Reports 2Q Results, Accelerates Improvement
Trelleborg, Sweden, July 22--Pergo reported net sales for the second quarter of 2005 of SEK 717 million ($92.2M) up from the SEK 671 million ($86.3M) reported in the year ago period.
Retailers Hope China Currency Move Will Ease Conce
Washington, DC, July 22--The National Retail Federation yesterday expressed hope that China's decision to revalue its currency will help ease anti-China sentiment in Congress.
China Drops Yuan's Peg to the Dollar
Beijing, China, July 21--China has dropped its policy of pegging its currency to the U.S. dollar, but switched the link to a basket of foreign currencies in a move that could push up the price of Chinese exports to the United States and Europe.
Chinese Laminate Producers Plan Response to U.S. P
Beijing, China, July 20--The China Timber Distribution Association is calling on Chinese laminate flooring makers to respond to an intellectual property rights infringement lawsuit in the United States, according to China Daily.
Remodeling Posts Biggest Gain in a Decade
Washington, DC, July 20--Remodeling expenditures saw record growth in 2004, up 12.3 percent from 2003, and the National Association of Home Builders sees continued growth ahead.
Mohawk 2Q Earnings Up 8%
Calhoun, GA, July 20--Mohawk reported second quarter earnings of $93.8 million and earnings per share of $1.39, both 8% above last year. Analysts were looking for second quarter earnings per share of $1.35.
German Study Finds Carpet Minimizes Dust Risk
Dalton, GA, July 19--A study commissioned by the German Allergy and Asthma Society concluded the average fine dust concentration in indoor rooms equipped with smooth flooring material is twice as high as indoor rooms equipped with wall-to-wall carpet.
Germany’s Pfleiderer to Acquire Wood Producer Kunz
Neumarkt, July 18--Pfleiderer AG is acquiring the engineered wood activities of the Kunz Group, Unterensingen.
California’s Flame Retardant Ban Stalled
Sacramento, CA, July 18—-With less than a year before California's ban on a class of flame retardants takes effect, no substantive discussions at any level of state government are taking place.