Armstrong will initiate a price increase in the U.S. and Canada on commercial vinyl composition tile and BioBased tile by 4%, commercial wall base by 4% and select residential tile products including Units, Afton and Classic tile by 5%, effective with shipments on Jan.1, 2015.
“During the course of 2014, our industry has been impacted by the rising cost of raw materials, transportation and labor. Due to aggressive negotiating we have been able to absorb most of these costs through the peak of the construction season,” said Richard Born, vice president, commercial sales. “In spite of every effort, the extent of these increases can no longer be fully absorbed and as a result Armstrong will be increasing prices for these following product lines.”
According to Born, in 2013, Armstrong's consolidated net sales from continuing operations totaled approximately $2.7 billion. As of June, Armstrong operated 35 plants in eight countries and had approximately 8,600 employees worldwide.
