netrashetty
Netra Shetty
Armstrong World Industries, Inc. (NYSE: AWI) is an international designer and manufacturer of floors, ceilings and cabinets. Based in Lancaster, Pennsylvania, Armstrong operates 40 plants in 10 countries and has approximately 12,300 employees worldwide. In 2006, Armstrong’s net sales were $3.42 billion, with operating income of $210.8 million.
Armstrong World Industries, Inc. emerged from Chapter 11 reorganization on October 2, 2006. Its stock began trading on the New York Stock Exchange October 18, 2006 under the ticker symbol AWI. The Armstrong World Industries, Inc. Asbestos Personal Injury Settlement Trust, holds approximately 66% of AWI’s outstanding common shares. Armstrong's “Fourth Amended Plan of Reorganization, as Modified,” dated February 21, 2006, and confirmed by U.S. District Court Judge Eduardo Robreno in August 2006, become effective Oct. 2, 2006. The Plan includes a comprehensive settlement resolving AWI’s asbestos liability by establishing and funding a trust to compensate all current and future asbestos personal injury claimants. The company had filed for reorganization December 6, 2000, with the federal bankruptcy court in Delaware for reorganization under Chapter 11 because pending asbestos injury claims appeared to exceed the value of the company, and were growing.
“In addition to resolving AWI’s asbestos liability, we used the time in Chapter 11 to restructure our flooring business to make it more competitive,” Mr. Lockhart said. “We made substantial improvements in our cost structure by closing several plants and streamlining our workforce in the U.S. We have also expanded capacity to manufacture wood flooring, broadened our product lines and improved product quality and customer service.”
On January 11, 2007, Armstrong World Industries, Inc. and NPM Capital N.V. announced they were negotiating the sale of Tapijtfabriek H. Desseaux N.V. and its subsidiaries, the principal operating companies in Armstrong’s European Textile and Sports Flooring business segment, to NPM Capital N.V. The sale was finalized in April 2007.
Armstrong Flooring
Quality is an important factor when choosing a floor. Armstrong brings you the highest quality flooring in the widest selection of the latest floor styles. Acoustical Clouds & Canopies
With SoundScapes® Shapes Acoustical Clouds you can design your shape or choose a standard design to enhance acoustics in open areas. Or, select from our expansive offering of acoustical clouds and canopies and noise-reducing Capz™ open plenum solutions. Laminate Floors
Get all the beauty of natural flooring products like wood and stone, with the superior durability and affordability of laminate flooring. Earn LEED Credits
Green Genie™ tool lets you create custom LEED letters and more. Use high recycled content ceilings and grid systems, energy-saving high light-reflectance ceilings, FSC®-certified wood ceilings, or Cradle-to-Cradle® certified BioAcoustic Tierra™ ceilings to contribute to your LEED certified project. Hardwood Flooring
The Armstrong Hardwood Flooring collection features exotic wood floors, hand-scraped detailing, and floors with rustic charm. We have a wood floor to suit every home. No Polish/No Buff Flooring
Armstrong heterogeneous sheet flooring has always been a proven performer. Now, after rigorous testing, we are pleased to announce that our no-polish heterogeneous floors also require no buffing! Floors
Learn about what type of floor is best for your home. Each floor type has its benefits and its considerations. Use the Flooring Buyer's Guide to learn about the different types of floors. Building on a Heritage of Sustainability
Armstrong makes it easy for you to design to a variety of green building standards. Browse our sustainable flooring products and review resources, tools, and policies to aid in your sustainable design project.
Kitchen Cabinets
Cabinet Storage for Kids
Bathroom Cabinets
Laundry Room Cabinets
Cabinet Storage Accessories
Glass Cabinet Doors
Cabinet Hardware
Cherry Cabinets
Maple Cabinets
Oak Cabinets
Birch Cabinets
Laminate Cabinets
Thermofoil Cabinets
Armstrong World Industries, Inc. emerged from Chapter 11 reorganization on October 2, 2006. Its stock began trading on the New York Stock Exchange October 18, 2006 under the ticker symbol AWI. The Armstrong World Industries, Inc. Asbestos Personal Injury Settlement Trust, holds approximately 66% of AWI’s outstanding common shares. Armstrong's “Fourth Amended Plan of Reorganization, as Modified,” dated February 21, 2006, and confirmed by U.S. District Court Judge Eduardo Robreno in August 2006, become effective Oct. 2, 2006. The Plan includes a comprehensive settlement resolving AWI’s asbestos liability by establishing and funding a trust to compensate all current and future asbestos personal injury claimants. The company had filed for reorganization December 6, 2000, with the federal bankruptcy court in Delaware for reorganization under Chapter 11 because pending asbestos injury claims appeared to exceed the value of the company, and were growing.
“In addition to resolving AWI’s asbestos liability, we used the time in Chapter 11 to restructure our flooring business to make it more competitive,” Mr. Lockhart said. “We made substantial improvements in our cost structure by closing several plants and streamlining our workforce in the U.S. We have also expanded capacity to manufacture wood flooring, broadened our product lines and improved product quality and customer service.”
On January 11, 2007, Armstrong World Industries, Inc. and NPM Capital N.V. announced they were negotiating the sale of Tapijtfabriek H. Desseaux N.V. and its subsidiaries, the principal operating companies in Armstrong’s European Textile and Sports Flooring business segment, to NPM Capital N.V. The sale was finalized in April 2007.
Armstrong Flooring
Quality is an important factor when choosing a floor. Armstrong brings you the highest quality flooring in the widest selection of the latest floor styles. Acoustical Clouds & Canopies
With SoundScapes® Shapes Acoustical Clouds you can design your shape or choose a standard design to enhance acoustics in open areas. Or, select from our expansive offering of acoustical clouds and canopies and noise-reducing Capz™ open plenum solutions. Laminate Floors
Get all the beauty of natural flooring products like wood and stone, with the superior durability and affordability of laminate flooring. Earn LEED Credits
Green Genie™ tool lets you create custom LEED letters and more. Use high recycled content ceilings and grid systems, energy-saving high light-reflectance ceilings, FSC®-certified wood ceilings, or Cradle-to-Cradle® certified BioAcoustic Tierra™ ceilings to contribute to your LEED certified project. Hardwood Flooring
The Armstrong Hardwood Flooring collection features exotic wood floors, hand-scraped detailing, and floors with rustic charm. We have a wood floor to suit every home. No Polish/No Buff Flooring
Armstrong heterogeneous sheet flooring has always been a proven performer. Now, after rigorous testing, we are pleased to announce that our no-polish heterogeneous floors also require no buffing! Floors
Learn about what type of floor is best for your home. Each floor type has its benefits and its considerations. Use the Flooring Buyer's Guide to learn about the different types of floors. Building on a Heritage of Sustainability
Armstrong makes it easy for you to design to a variety of green building standards. Browse our sustainable flooring products and review resources, tools, and policies to aid in your sustainable design project.
Kitchen Cabinets
Cabinet Storage for Kids
Bathroom Cabinets
Laundry Room Cabinets
Cabinet Storage Accessories
Glass Cabinet Doors
Cabinet Hardware
Cherry Cabinets
Maple Cabinets
Oak Cabinets
Birch Cabinets
Laminate Cabinets
Thermofoil Cabinets