Flooring

The business activity index of the construction industry was 60.2%, increase 3.7 percentage points from the previous month.

Trex Company adds its long-time distributor partner Snavely Forest Products to its South Central network. With this expanded partnership, Snavely will supply Trex products throughout Texas and the surrounding markets through its distribution centers in Dallas and Houston.

i4F, a group of companies providing patents and technologies to the flooring industry, announced the creation of i4F Inc. with its base located in Atlanta, Georgia, USA.

Lunawood Thermowood Composite manufacturer Lunacomp Oy will merge into Oy Lunawood Ltd’s business as of October 1, 2022.

Australian Sustainable Hardwoods' investment will support the MASSLAM manufacturing line to produce mass timber components from plantation shining gum, otherwise known as Plantation Oak.

AHF Products to close its factory in Titusville, Pennsylvania, and to move the manufacture of select solid & engineered wood products from Titusville to other U.S. plant locations.

Samuel Vonrüti is taking charge of all marketing in the Bauwerk Group. He has extensive experience in marketing, product management, and innovation. And this is what he brings to the table working for the global leader in the manufacturing of premium parquet floors.

Maersk to divest its 30.75% shareholding in Global Ports Investments PLC. With the divestment, company will no longer be involved in any entities operating in Russia or own any assets it the country.

Kährs announces that Andreas Berge, CCO Commercial, has decided to leave the Company. Sara Olofsson will succeed him as new CCO for Kährs Commercial business segment, effective November 1st.

Kährs has, due to the prevailing market conditions, started a process to evaluate the possibilities and conditions for divesting its operations in Russia.

The government of Canada announces a combined contribution of over $550,000 to the Hybrid Timber Floor System Project led by EllisDon and DIALOG. The Hybrid Timber Floor System, a mixture of different materials such as concrete and steel combined with mass timber, offers a reduction in carbon and an increase in buildin...

Giant Group will acquire the equity interests in Armstrong Flooring’s Hong Kong holding company subsidiary, including all associated operations, for $59 million; and Cowes Bay will acquire substantially all of the Company’s Australian assets for $31 million plus assumption of specified liabilities.

Armstrong Flooring has entered into a binding Asset Purchase Agreement with a consortium of buyers consisting of AHF, LLC and Gordon Brothers pursuant to which these buyers will acquire substantially all Armstrong Flooring Inc.’s North American assets for $107 million in cash and assumption of specified assumed liabili...

Goodfellow Inc. reported 2Q 2022 net earnings of $12.5 million or $1.46 per share compared to net earnings of $14.0 million or $1.63 per share a year ago. Consolidated sales for the three months ended May 31, 2022 were $184.9 million compared to $185.5 million last year.

Currently, company continue to make only a minimum amount of sales sufficient to generate enough local currency to pay employees in Russia.

Goodfellow Board of Directors elects Dr. Sarah Prichard and Mr. Robert Hall as Directors. In addition, Robert Hall has been appointed as Chair of the Board.

Välinge is further ramping up its capacity in Viken, Sweden, and sets up a mega-factory in Ogulin, Croatia. The first phase is scheduled to be operational by 2023 and all phases finalized and up and running in 2027. The Ogulin factory site will include a warehouse, press hall, process hall, powder production, energy st...

Storskogen’s subsidiary SGD Sveriges Golvdistributörer AB (“SGD”) has acquired all shares in Golv o Mattvaruhuset i Göteborg AB. Golv & Mattvaruhuset sells floors and carpets from some of Europe's leading suppliers.

How the world wood markets will change and what the Russian forest based industry will lose. The new report provides a detailed picture of how the global markets for wood products have changed in January-April 2022, and what consequences the war has had for Russian companies. It presents also the forecasts of the owner...