Mannington Mills will be implementing a 4% price increase on all its Vinyl Composition Tile (VCT) products effective with shipments on Jan. 5. The company cites substantial increases in raw material, energy and other costs as the reasons that necessitate this increase.
"Despite rising costs, the commercial market is performing well and we are optimistic that will continue,” said Jack Ganley, president, commercial business at Mannington. “We continue to look for ways to deliver innovative style, choices that work, and exceptional value to our customers.”
The increase will affect both the U.S. and Canada.
Source:
http://www.floortrendsmag.com/articles/97833-mannington-to-increase-price-of-vct-products
