Article Number : 3302 |
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| Date | 5/30/2008 12:15:05 PM |
| Written By | LGM & Associates Technical Flooring Services |
| View this article at: | //floorbiz.com/BizResources/NPViewArticle.asp?ArticleID=3302 |
| Abstract | SALEM, NJ May 30, 2008 Continuing raw material cost increases, driven by record-setting oil and natural gas prices, must unfortunately be passed on to the consumer... |
| Article | SALEM, NJ May 30, 2008 Continuing raw material cost increases, driven by record-setting oil and natural gas prices, must unfortunately be passed on to the consumer. Effective with shipments on July 7, 2008, Mannington will be passing through price increases on select Commercial and Residential Vinyl products, as well as Laminates. This is an extraordinary period of low demand and escalating costs not experienced by our industry for decades. Fortunately, our products still represent a great value proposition, said Tom Davis, President and CEO of Mannington Mills. |