Armstrong to boost prices on VCT and commercial and residential sheet vinyl

Armstrong will initiate an average 8 percent price increase on its vinyl composition tile commercial products, and a 3 to 5 percent increase on its commercial vinyl sheet products, effective on Oct. 11. And as of Nov. 1, the company will institute a 3 to 5 percent increase on its residential sheet products.

"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.