This year, investments in North America and Europe will double Mohawk’s worldwide luxury vinyl tile (LVT) production capacity and add new product capabilities, according to the company.
Mohawk has distributed vinyl products for over a decade and in 2014 built an LVT manufacturing facility in Belgium to augment its distributed product lines. In 2015, Mohawk’s acquisition of IVC positioned the company at the forefront of the vinyl categories. The acquisition added manufacturing capabilities in both sheet vinyl and LVT in North America and Europe, including a production line in Dalton. Mohawk is investing again on both continents to expand capacity in both flexible LVT and rigid LVT (WPC) products.
“We are building upon the advantages we obtained with last year’s IVC acquisition, and during the next two years we will significantly invest to expand our capacity to meet the increased demand for our industry-leading LVT products,” said Brian Carson, president of Mohawk’s North America segment.
To support the increased consumer demand for LVT, Mohawk is investing in two new state-of-the-art LVT facilities, one to support North American market growth and one to extend the company’s leadership in the European market. These new facilities will include unique capabilities to manufacture both flexible LVT and rigid LVT (WPC) products for residential and commercial applications. According to Carson, Mohawk will invest about $200 million in these facilities this year and 2017 with production anticipated to begin during the second half of 2017.
“Our current LVT facilities in the U.S. and Europe are performing well,” said Jan Vergote, president of IVC. “We realize, however, that customers will expect more from us as an industry leader, including not only innovations in design and performance but also the ability to keep their shelves stocked as consumer demand for LVT grows.”
“The combination of Mohawk and IVC has benefited both businesses,” said Paul Murfin, president of IVC U.S. “We are producing exceptional new LVT collections with realistic visuals, deeply textured surfaces and exceptional durability. Consumers are going to love them.”
“We are excited by the global growth potential for LVT, and our leadership position in the category is reflected not only by the exceptional new products we are introducing at this year’s leading trade shows but also by this major investment in our manufacturing capacity,” said Vergote. “With these new facilities, we can grow our production to meet demand and continue to exceed customer expectations.”
For more information, visit mohawkflooring.com.
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