Mannington announced it will implement a 5% price increase on their “better” and “best” residential resilient sheet products, starting Nov. 29th.
“We continue to experience rising raw materials costs, especially as they relate to plasticizers and resins,” said Kim Holm, president, Mannington residential. “Due to reduced capacities, there has been a shortage of plasticizers, which has driven prices up dramatically. We are hopeful that these costs have peaked, but it will be some time before additional capacity comes on stream.”
Armstrong, Congoleum and Tarkett remain uncertain as to whether or not they will follow Mannington’s lead. David Sheehan, VP of resilient and laminate business, Mannington, expressed confidence in the market for vinyl.
“Vinyl is fairing the best of all categories. If the consumer is buying, they’re buying vinyl,” he said. “Raw materials, resin prices — the projection of their net impact is pretty significant. Going up is something we have to do and others will follow.”
