Citing significant price increases in key raw materials, as well as higher energy and transportation costs, Armstrong Floor Products has announced that it is instituting a 4 to 6 percent price increase on selected residential and commercial vinyl sheet flooring products effective with shipments on July 1.
The extraordinary increases in PVC resin and plasticizer costs, driven by considerable increases in both oil and natural gas prices, make the increase necessary, the company said in a written statement. The recent explosion at the Formosa Plastics factory only served to put more pressure on key raw materials.