Armstrong to boost prices on VCT and commercial and residential sheet vinyl
"Sustained record prices for oil and natural gas, the primary feedstocks for PVC resins and plasticizers used in the manufacture of these products, has resulted in continuing price increases for these key raw materials," said Dominic Rice, general manager, Commercial Flooring. "These higher energy costs also have resulted in further increases in our transportation costs. Improved productivity cannot fully absorb these extraordinary cost increases, making this price announcement necessary.
"We are committed to and continue to focus on driving the productivity, innovation and quality initiatives that make Armstrong the best resilient flooring supplier in the industry," Rice added. "Our goal continues to be to provide our customers' superior products and timely service on all Armstrong products."