Mohawk Ind confirms admirable Dal-Tile performance during Q2
21 Jul '05
5 min read
Price increases were implemented in the second quarter as a result of raw material and energy cost increases. This impacts margins as the timing of price increases lags behind the cost increases.
Many of the raw material cost increases appear to have moderated during the quarter. However, increases in oil costs and worldwide commodity demand could further affect their costs.
A new SmartStrand carpet introduction with Dupont Sorona is being implemented across the country and has been well received in the marketplace. The product is targeted for the mid to high-end market with comprehensive merchandising and advertising programs.
Many of the sample displays are in the process of being installed across the country. Additional products will be introduced by the end of the year.
Mohawk won two awards at Neocon, the national commercial show, for innovative products in their Karastan and Lees divisions. In addition, FloorCovering News presented Mohawk awards for the Carpet Manufacturer of the Year and the Overall Floorcovering Manufacturer of the Year.
Recently, the company announced the acquisition of Unilin, who is leader in high-end laminate in both the U.S. and European market. They expect to close in the fourth quarter this year. This is the second significant step, after their 2002 Dal-Tile acquisition, in broadening their participation in the hard surface flooring market.
Unilin is the only fully integrated U.S. manufacturer with a history of innovation and cutting edge products. Unilin's management will remain in place and lead their laminate efforts.
marketing@alchempro.com
