In a move that follows a similar announcement from Armstrong, and is potentially a harbinger of price hikes across the laminate and vinyl flooring categories, Mannington said it will raise prices on select commercial and residential vinyl products as well as laminate floors beginning July 7.
“This is an extraordinary period of low demand and escalating
costs not experienced by our industry for decades,” said Tom Davis, president
and CEO of Mannington Mills.
material cost increases, driven by record-setting oil and natural gas prices,
must unfortunately be passed on to the consumer,” the company said.
Mannington to raise prices on laminate and vinyl products
May 30, 2008