Shaw Industries' Plant 44/64 will convert from rug manufacturing into a luxury vinyl tile plant over the next year, with production slated to begin in the first quarter of 2015. With the conversion, Shaw will effectively exit the area rug business.
Photo by Contributed Photo /Chattanooga Times Free Press .
published Monday, January 6th, 2014
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Flooring powerhouse Shaw Industries surprised analysts on Monday with an announcement that the company will exit the $2 billion area rug business and bolster its domestic presence in the luxury vinyl tile market.