News Update
January 15, 2015
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Sponsored
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Pulcra Chemicals is a worldwide operating company with unique process and engineering knowledge and capability and more than 135 years experience in supplying innovative specialty chemicals to the fiber, textile, and leather industries. |
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Two news items today in the carpet industry: 1) Pharr Yarns buys Phenix Flooring Read article here...
AKC Note: Pharr Yarns of McAdenville, NC has been expanding its BCF yarn capacity over the last few years with a focus on polyester at a time that the U.S. market capacity for polyester BCF has grown from an estimated 175 million pounds in 2008 to an estimated 1 billion lbs in 2015. A significant part of Pharr's production has been supplied to Phenix Flooring.
2) Mohawk Industries has announced the agreement to acquire the IVC Group in a deal worth $1.2 billion:
Read article here...
AKC Note: Prior to this acquisition Mohawk reported global sales of $7.7 billion, making them the largest floor covering company in the world. IVC is a Belgium based company with a strong position in vinyl sheet and luxury vinyl tile (LVT) products. In January 2014 IVC announced an $80 million investment in a new LVT plant in Dalton, GA with start up scheduled for Q1 2015. At the same time Mohawk is also building an LVT plant in Belgium.
Alasdair Carmichael Carmichael International PO Box 3444 Spartanburg, SC 29304 T: 864 583 6868 C: 864 542 4481 News Update is a service of Carmichael International designed to provide relevant up to date information on the textile markets. We aim to provide links to information and some commentary which is provided in good faith as to its accuracy. Carmichael International however disclaims any and all liability and responsibility for information supplied and any decisions that may be made on the information. |
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Synthetic Yarn and Fiber Association
To promote the production, improvement and use
of synthetic yarns and fibers
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