Floordaily

Jun 25, 2020 / The Right News Right When It Happens

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CFL to Invest $70M in New Manufacturing Facility in Calhoun, GA

Calhoun, GA, June 25, 2020-Creative Flooring Solutions (CFL)-a manufacturer of laminate, wood and luxury vinyl-will create 300 jobs and invest more than $70 million in a new manufacturing facility in Calhoun, Georgia.

Today's Flooring News

Q1 GDP Holds Steady at a 5.0% Decline, According to Third Estimate

Washington, DC, June 25, 2020—Real gross domestic product (GDP) decreased at an annual rate of 5.0% in Q1 2020, according to the third estimate released by the Bureau of Economic Analysis.

Armstrong Flooring Expands Capital Resources & Liquidity

Lancaster, PA, June 25, 2020-Armstrong Flooring has amended its senior secured asset-based revolving credit facility ("ABL Facility"), modifying the facility size to $90 million with a maturity date in December 2023 and an interest rate on borrowings based on LIBOR with a floor of 1.00% plus a spread of 2.75% to 4.00%.

Orders for Durable Goods Rose 15.8% in May

Washington, DC, June 25, 2020—New orders for manufactured durable goods in May increased $26.6 billion or 15.8% to $194.4 billion, the U.S. Census Bureau announced.

CCA Global Launching Virus-Destroying Neutralize Program

Manchester, NH, June 25, 2020-CCA Global Partners announced during a virtual meeting with members that it will be enhancing and expanding its current Healthier Living Installation System in a new program named Neutralize. The installation process destroys viruses and other contaminants before, during and after a flooring installation.

Armstrong Earns Department of Energy 2020 Better Practice Award

Lancaster, PA, June 25, 2020—The U.S. Department of Energy (DOE) recognized Better Plants partner Armstrong Flooring with a 2020 Better Practice Award for the company’s “Zero-Kilowatt Challenge,” an innovative effort to reduce energy during plant shutdown.

Bona's Wood Adhesive Certified Greenguard Gold

Englewood, CO, June 25, 2020—Bona U.S. has earned Greenguard Gold Certification on its full line of wood floor adhesive products.

ASID Announces Virtual Awards Events, Names Winners

Washington, DC, June 25, 2020-The American Society of Interior Designers (ASID) has announced its first virtual awards event, honoring the design professionals, projects, and organizations who exemplify the “design impacts lives” mission.

Välinge Rolling Out New L2C Labeling System

Viken, Sweden, June 25, 2020—Välinge is introducing a new L2C label design as well as a fourth L2C yellow label to be applied to boxes sold in the rest of the world (i.e. not in Europe, NAFTA, Australia, New Zealand or China).

U.S. Adds 1.48M Jobless Claims in Third Week of June

Washington, DC, June 25, 2020-In the week ending June 20, the advance figure for seasonally adjusted initial claims was 1,480,000, a decrease of 60,000 from the previous week's revised level.