Armstrong Raises Engineered Wood Flooring Prices up to 6%

Armstrong Raises Engineered Wood Flooring Prices Up to 6% Armstrong World Industries (Lancaster, Pa.) will initiate up to a six percent price increase on all engineered hardwood flooring products in the United States and Canada effective with shipments on Dec. 17, 2012. “We find it necessary to adjust our prices due to higher than anticipated inflation in plywood and face veneers, as well as increased transportation costs” said Kevin Biedermann, senior vice president, Armstrong Residential Floor Products, in a press release.
“We truly understand how difficult it is to pass along price increases to customers. Our focus remains on reducing costs wherever possible through productivity and operational improvement projects without compromising our quality or service.”
Last month Armstrong announced it would raise prices on its solid products by 6 percent for shipment as of Dec. 17. In October the company also announced its strongest earnings since emerging from bankruptcy in 2006, despite weaker wood flooring sales in the third quarter of 2012.

Source: hardwoodfloorsmag.com