Following similar announcements from Congoleum and Mannington, Armstrong Floor Products said it plans to increase prices an average of 5 percent on many of its products. The price hikes will affect resilient and commercial resilient sheet and tile, ceramic tile and several laminate flooring lines. The company said it also plans to include an "energy surcharge" tax on select Armstrong products.
The new pricing structure is needed to counter high oil and natural gas prices, according to Paul Murfin, vp sales, Armstrong Floor Products. "In recent months we have absorbed cost increases through continuing productivity improvements and manufacturing efficiencies, and have held pricing as long as we could," he said. "We cannot offset the full cost impact of these increases, making this price increase and energy surcharge necessary."
The price changes will take effect Sept. 1, the company noted.