Investment growth in Chinese real estate cooled sharply in the final month of the year, while sales activity was also downbeat, spurring concerns of a deepening correction ahead in the nation’s housing market.
Unilin, a leading flooring manufacturer and patent owner of a glue-less locking technology for flooring, said it has achieved cooperation with over 100 major Chinese flooring firms, after constant disputes with Chinese firms since 2005.
For its upcoming joint conference with the North American Building Material Distribution Association (NBMDA), the North American Association of Floor Covering Distributors (NAFCD) will streamline its meeting with a new focus and a new name.
Mohawk has hired Jeff Meadows, a 30-year veteran of the flooring industry, as Senior Vice President of Sales for the Home Centers and Aligned Groups (such as CCA Global, Abbey, Carpets Plus, Empire and Floors2Ceilings).
UK-based textile machine manufacturer Cobble Blackburn Ltd. has completed the purchase of the intellectual property rights of Thom Engineering Limited from the company’s administrators.
In a rear-view look at the economy, reports this week on inflation, housing and manufacturing are likely to show the U.S. remained on a modest upward track at the end of 2011.
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