Armstrong announces more price increases
Flooring manufacturer Armstrong says it will be initiating a six- to 12-percent price increase in the United States and Canada on select solid and engineered hardwood products, effective with shipments on Feb. 3, 2014. The company is attributing the price increases to corresponding increases in raw-material costs.
“We are taking this action after serious consideration of the alternatives and options but this increase is the minimum necessary to secure the raw materials required to service our valued customers as we move into 2014,” says Kevin Biedermann, senior vice president ofArmstrong Residential Floor Products. “The continuing record-levels of raw materials costs increases on both veneer and lumber, combined with constrained lumber supplies for certain species of lumber, necessitate this price increase. We are doing everything we can to compensate. We truly understand how difficult it is to pass along price increases to customers. Our focus continues to be delivering quality, innovation and service that drive growth for our customers.”