Article Number : 5581 |
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| Date | 5/11/2010 9:55:12 AM |
| Written By | LGM & Associates Technical Flooring Services |
| View this article at: | //floorbiz.com/BizResources/NPViewArticle.asp?ArticleID=5581 |
| Abstract | Lancaster, Pa., May 11, 2010 – Armstrong announced today that it will initiate a six percent price increase in the United States and Canada on solid hardwood flooring products effective with shipments on... |
| Article | Lancaster, Pa., May 11, 2010 – Armstrong announced today that it will initiate a six percent price increase in the United States and Canada on solid hardwood flooring products effective with shipments on July 1st, 2010. “Since the announcement of our last price modification, lumber and energy prices have continued to rise. Early signs of a recovery in housing are putting continued volume pressures on saw mills. The cost impact on solid hardwood flooring is clearly visible through the price on commodities such as unfinished strip, which has increased 20% in the last 60 days. Armstrong’s continued focus on productivity and overhead reduction allows us to protect our customers from the full severity of raw material increases,” commented Daniel Call, vice president, Wood Product Management. About Armstrong World Industries, Inc. Armstrong World Industries, Inc. is a global leader in the design and manufacture of floors, ceilings and cabinets. In 2009, Armstrong’s consolidated net sales totaled approximately $2.8 billion. Based in Lancaster, Pa., Armstrong operates 36 plants in nine countries and has approximately 10,800 employees worldwide. For more information, visit www.armstrong.com. |