Article Number: 5967
Mannington Mills Announces Price Increase on Resilient Flooring Products
SALEM, NJ – September 27, 2010 – Mannington Mills, Inc. has announced that it will implement a 5-percent price increase on all ‘Better’ and ‘Best’ collection residential resilient sheet products, effective with shipments on November 29, 2010.
“We continue to experience rising raw material costs, especially as they relate to plasticizers and resins. Due to reduced capacities, there has been a shortage of plasticizers, which has driven prices up dramatically. We are hopeful that these costs have peaked, but it will be some time before additional capacity comes on stream,” said Kim Holm, President, Residential Business, Mannington Mills.
The increase will affect products in both the U.S. and Canada.
About Mannington Mills
One of the largest flooring companies in the U.S., Mannington Mills, Inc., based in Salem, NJ, is the only North American company engaged in the manufacturing and marketing of residential and commercial resilient, laminate, hardwood and porcelain tile floors, as well as commercial carpet. Founded in 1915 by John Campbell, the company is still privately held. After 95 years, the company continues to pursue its commitment to quality, customer satisfaction and the environment through innovative product design and marketing, state-of-the-art technology and industry-leading programs.
“We continue to experience rising raw material costs, especially as they relate to plasticizers and resins. Due to reduced capacities, there has been a shortage of plasticizers, which has driven prices up dramatically. We are hopeful that these costs have peaked, but it will be some time before additional capacity comes on stream,” said Kim Holm, President, Residential Business, Mannington Mills.
The increase will affect products in both the U.S. and Canada.
About Mannington Mills
One of the largest flooring companies in the U.S., Mannington Mills, Inc., based in Salem, NJ, is the only North American company engaged in the manufacturing and marketing of residential and commercial resilient, laminate, hardwood and porcelain tile floors, as well as commercial carpet. Founded in 1915 by John Campbell, the company is still privately held. After 95 years, the company continues to pursue its commitment to quality, customer satisfaction and the environment through innovative product design and marketing, state-of-the-art technology and industry-leading programs.
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