Home / Knowledge / News / Textiles / Shaw Industries to exit area rug business
Shaw Industries to exit area rug business
08
Jan '14
Shaw Industries announced that it is exiting the area rug business and will convert the current Ringgold, Ga. rug facility into a new state-of-the-art luxury vinyl tile (LVT) manufacturing facility.

"The economics of the area rug business today simply do not allow for future growth or encourage further investment," according to Vance Bell, Chairman and CEO. "We have been intentional about exiting this business at a time when more opportunities exist for our associates."

The vast majority of the 400 associates employed by the Shaw Living Rug division will have opportunities at other locations in the company. Customers will be serviced through a transition period.

LVT is the fastest growing category in the flooring market today. Shaw has been participating in this market for three years, but up until this point has not manufactured LVT. In repurposing the current facility to a new LVT manufacturing site, Shaw will be able to shorten the timeframe to begin manufacturing the product, utilize an existing facility, and keep jobs in the Ringgold area.

"We will continue to invest in businesses where we see future growth and opportunities," continued Bell. "Over the past few years, we have developed a significant business and market-leading position in the LVT flooring category. This new facility will provide domestic manufacturing for a portion of our product line, allowing us to further enhance our product development, service, and overall customer satisfaction."

Shaw plans to invest over $100 million in its new LVT manufacturing facility and when complete, the investment is expected to generate 200 new jobs in the Ringgold, Ga. area. This investment follows $250 million in other recent expansion announcements by Shaw in carpet tile, hardwood flooring, yarn extrusion, and distribution.

About Shaw

The world's largest carpet manufacturer and a leading floorcovering provider. Shaw industries Group, inc. is a vertically integrated manufacturer that supplies carpet, hardwood, laminate, resilient, tile & stone, flooring products and synthetic turf, to residential and commercial markets worldwide.

A wholly owned subsidiary of Berkshire Hathaway, Inc. with more than $4.5 billion in annual sales and 23,000 associates, Shaw is headquartered in Dalton, Georgia, with salespeople and/or offices located throughout the US, as well as Australia, canada, China, Mexico, Singapore and the United Kingdom.

Shaw Industries

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search