| | | Jun 25, 2020 / The Right News Right When It Happens | | Top Story | | | | 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. | | |
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| | 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. | | |
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| | | | 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%. | | |
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| | | | 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. | | |
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| | | 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. | | |
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| | | 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. | | |
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| | | 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. | | |
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| | | 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. | | |
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| | | 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). | | |
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| | | 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. | | |
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| Featured Video | | | | Dave Thoresen Discusses Armstrong's Resilient Flooring Strategy | | June 25, 2020--Dave Thoresen, SVP of Product and Innovation at Armstrong Flooring, and Kemp Harr discuss Armstrong’s resilient flooring strategy | | |
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