Armstrong has announced that it will initiate a six- percent price increase in the United States and Canada on Vinyl Composition Tile, Luxury Vinyl Tile, Commercial Sheet Vinyl, Linoleum, and Residential Sheet and Tile effective with shipments on June 1, 2010.
communicated towards the end of 2009 and earlier this year, oil and other
energy prices are rising. Chemical
prices have led the movement of oil prices even though market demand is still
generally weak. Significant
manufacturing capacity for our raw materials was taken off-line during the
recession creating tightness in those markets ahead of input cost escalation. Energy, raw materials, and transportation
costs are all rising,” said Paul Murfin, vice president of sales.