Citing continually rising costs in raw material and energy, three flooring manufacturers have announced price increases.
Armstrong will initiate a 4 to 6 percent price increase on select vinyl composition tile, commercial sheet vinyl and residential sheet vinyl and vinyl tile, effective with shipments on Feb. 14.
“We’ve seen sustained increases in oil prices with the economy starting to pull out of recession. This is the foundation driving our costs higher. In addition, significant manufacturing capacity for our raw materials was taken off-line during the recession, compounding the problem,” said Allen Cubell, Armstrong's vp residential sales and marketing.
Mannington also announced a 4 to 6 percent price increase, on select commercial and residential vinyl products, effective with shipments on Feb. 14, 2011.
“The continuing rise of raw material, energy and transportation costs can no longer be absorbed,” noted Tom Davis, Mannington ceo.
J&J/Invision will institute a 6 to 8 percent price increase on broadloom and modular carpet products. This price increase will be effective for all orders beginning Jan. 31, according to J. David Jolly, J&J/Invision's president and ceo.
Several companies to raise flooring prices
January 12, 2011