Article Number: 5615
Tarkett Residential Announces Price Increase
Tarkett Residential announced today an increase in prices for its resilient floor products, including FiberFloor®, vinyl sheet and NAFCO® Luxury Floors. The company will increase prices by 6 percent, effective July 1, 2010.
The company noted that cost cutting measures and internal expense reductions had allowed it to absorb most raw material and energy cost increases to date, but that Tarkett is not immune to the rising costs affecting the overall hard surface flooring industry.
“The escalating costs of raw materials, transportation and energy needed in the manufacture of flooring are the drivers of this current price increase,” said Bill Cralley, President of Tarkett Residential NA. “We are sensitive to raising our customers’ prices just as the economy shows signs of recovery, but the increases from our suppliers are so significant that we have no other option but to pass on a portion of the increase.”
For more information, visit www.tarkettna.com or call 800-367-8275.
About Tarkett
With 2009 revenues of €1.7 billion, Tarkett is a leading provider of innovative and sustainable flooring and sports surfaces. Some 8,000 employees serve Tarkett?s customers in 100 countries and from 29 production sites. Since January 2007, Tarkett is owned by the Deconinck family (50%) and private equity funds affiliated with KKR (50%). For further information visit Tarkett at www.tarkett.com.
The company noted that cost cutting measures and internal expense reductions had allowed it to absorb most raw material and energy cost increases to date, but that Tarkett is not immune to the rising costs affecting the overall hard surface flooring industry.
“The escalating costs of raw materials, transportation and energy needed in the manufacture of flooring are the drivers of this current price increase,” said Bill Cralley, President of Tarkett Residential NA. “We are sensitive to raising our customers’ prices just as the economy shows signs of recovery, but the increases from our suppliers are so significant that we have no other option but to pass on a portion of the increase.”
For more information, visit www.tarkettna.com or call 800-367-8275.
About Tarkett
With 2009 revenues of €1.7 billion, Tarkett is a leading provider of innovative and sustainable flooring and sports surfaces. Some 8,000 employees serve Tarkett?s customers in 100 countries and from 29 production sites. Since January 2007, Tarkett is owned by the Deconinck family (50%) and private equity funds affiliated with KKR (50%). For further information visit Tarkett at www.tarkett.com.
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