Armstrong said it will postpone a previously planned resilient price increase until later this year.
“The challenges noted in our initial price announcement are real. Raw material and energy prices continue to increase at an alarming rate,” said Paul Murfin, vp sales. “While we appreciate price increases are difficult for everyone in this current economic environment, customers need to rely on suppliers who can not only be price competitive, but can also provide leadership in brand, product, programs, and service. Armstrong is committed to being a complete supplier to our customers.”
“Armstrong’s presence at Surfaces will be a testament to the excitement a strong leader can bring to the industry, even in challenging times.” He added the company will showcase a “significant investment in product, merchandising and programs.”
“We look forward to a great 2010, starting with Surfaces next week,” he said.
The company added it would continue identifying and initiating productivity and process improvement efforts designed to minimize the impact of cost increases.
Armstrong postpones resilient price hikes
January 28, 2010