US flooring group Armstrong World Industries (AWI) intends to invest in its own luxury vinyl tiles (LVT) production in the USA. The board of directors has already approved the required investment sums. According to Armstrong CEO Matthew Espe, the investment volume will be in the range of US$40m. Following a final decision on the location, building measures are expected to commence during the course of this year. Until now the company has acquired its LVT range principally from Asian manufacturers. Furthermore, the German subsidiary Armstrong DLW also operates an LVT production line in Bietigheim-Bissingen. In recent years Armstrong‘s investments focused on China and Russia.

Source: EUWID

Posted and edited by Hanbao News Department

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