Lancaster, Pa.—Armstrong announced it will initiate a 6% price increase in the United States and Canada on solid hardwood flooring products effective with shipments on July 1st, 2010.
“Since the announcement of our last price modification, lumber and energy prices have continued to rise and early signs of a housing recovery are putting continued volume pressures on saw mills,” commented Daniel Call, vice president, wood product manager. “The cost impact on solid hardwood flooring is clearly visible in the price on commodities such as unfinished strip, which has increased 20% in the last 60 days. Armstrong’s continued focus on productivity and overhead reduction allows us to protect our customers from the full severity of raw material increases.”