Survey Cites Biggest Wood Flooring Threats
A wide ranging survey recently undertaken by the National Wood Flooring Assn. looked at the impact of the viral pandemic on the flooring industry and the outlook for 2021. Asked about the biggest long-term threat to real wood products, 38% of association members cited luxury vinyl tile (LVT) as the biggest challenge, followed by wood-plastic composites (WPC) noted by 26%. On another question, 57% of respondents said “wood-look” products have had a negative effect on real wood product sales. Looking ahead at in-demand product types for 2021, 58% said wide plank flooring, 55% picked engineered products, 46% said factory finished flooring and 45% said long board flooring would have good demand next year.
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Gresham House To Acquire Majority Interest In Molpus Woodlands Group
Gresham House, a specialist alternative asset manager, has announced an agreement to acquire a majority interest in Mississippi-based Molpus Woodlands Group, creating one of the world’s largest timberland investment managers with approximately $8 billion of…
USDA Finalizes National Environmental Policy Act Reform
The U.S. Secretary of Agriculture Brooke L. Rollins has announced the U.S. Department of Agriculture (USDA) has finalized a rule modernizing the National Environmental Policy Act (NEPA) regulations. This Final Rule adopts the changes introduced…
Rayonier Will Stay Rayonier
Rayonier will maintain the Rayonier name after a thorough review of alternatives following its recent merger of equals with PotlatchDeltic, while also introducing a new corporate logo that reflects a fresh brand identity for the…
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