Chagrin Falls, Ohio—On May 25, Tarkett Residential announced it would implement a price increase on all resilient flooring products, including FiberFloor, vinyl sheet and Nafco branded floors. Increases of 6% will go into effect July 1, one month after the commercial price raise is executed.
Tarkett attributed the change to rising cost of materials, as cost cutting measures and internal expense reduction no longer sufficiently absorbed costs.
“The escalating costs of raw materials, transportation and energy needed in the manufacture of flooring are the drivers of this current price increase,” said Bill Cralley, president of Tarkett Residential, North America. “We are sensitive to raising our customers’ prices just as the economy shows signs of recovery, but the increases from our suppliers are so significant that we have no other option but to pass on a portion of the increase.”