Citing increased material costs, Armstrong said it will raise prices 3 to 5 percent on select vinyl and laminate flooring products beginning July 7. Additionally, the company announced that its LVT prices would rise 5 to 10 percent.

Paul Murfin, vp sales for Armstrong, said the price increases are needed to offset production costs. “Surging prices for oil and natural gas have continued to drive increases in key raw material costs, particularly PVC resins and plasticizers, he said. “Further weakness of the U.S. dollar versus other major currencies continues to adversely impact the cost of both key raw materials and products sourced from overseas. In addition, both domestic and international transportation costs continue to rise.”

Product segments affected by the price hike include VCT, commercial sheet vinyl, commercial wallbase, and residential sheet and tile, as well as LVT and laminate products.