Mohawk to build LVT plant in U.S.

Mohawk to build LVT plant in U.S.
December 16, 2013

Dallas—Mohawk plans to build a luxury vinyl tile plant in the U.S. after it completes a plant in Europe. CEO Jeffrey Lorberbaum announced the project at Mohawk’s annual Solutions meeting, which hosted 500 retail accounts and 1,200 customers.

No timeline or location for the project was announced. 

In other news from the meeting, Lorberbaum discussed Mohawk’s new web “cloud” tools to drive more customers into its aligned dealers’ stores.

Screen Shot 2013-12-16 at 12.06.16 PMLorberbaum also told dealers Mohawk has invested $2.2 billion in 2013 in new equipment and acquisitions. Its recent acquisitions of Marazzi and Pergo give Mohawk a 40% share in both ceramic tile and laminate flooring.

 With the acquisitions, the U.S. represents 65%-70% percent of Mohawk’s total business.

 Lorberbaum said he anticipates that new home starts will rise 25% next year to over 1.1 million units and he thinks growth in the flooring industry will outpace the overall economy by at least 2%-3%.

Related Articles

Press Release

CBC Flooring adds sales agent

Commack, N.Y. — CBC Flooring has added a new agent to its network of agents and direct sales staff. Surfaces Central, based in Columbus, Ohio, is now representing all of

Read More

Pinnacle’s new HQ to assist growing needs of customers

Carrollton, Texas – Pinnacle Interior Elements Ltd., a global hardwood flooring manufacturer, recently unveiled the site of its new corporate headquarters. Effective immediately, Pinnacle’s new location at 1445 Bradley Lane,

Read More

TISE East 140 Under 40 event to provide networking opportunities

Dallas—Emerging professionals attending The International Surface Event East (TISE East) will not want to miss opportunity to attend the 140 Under 40 Luncheon, featuring insight from a diverse group of

Read More