Tarkett has become the latest company to announce price increases in the face of increasing raw material and fuel costs. The company said it will raise prices approximately 5 percent in both residential and commercial flooring across the Tarkett, Johnsonite and Azrock brands.
"While there has been a slow awakening of the flooring category over the past year, there have also been significant cost developments in the chemical and polymer industries, coupled with oil and energy cost increases," said Jeff Buttitta, Tarkett North America president and ceo. "Efficiency improvements have helped to offset some of these costs, yet the increases have been too large to overcome without adjusting prices."
The company said the increases will take effect "later in the first quarter."
Tarkett to raise residential, commercial flooring prices
January 17, 2011