Category: Construction & Building Materials

Lumber Liquidators to pay regulators $33M to settle flooring scandal

The United States Department of Justice & the Securities & Exchange Commission announced the settlement. The ruling comes four years after the company was allegedly caught selling laminate flooring that contained high levels of formaldehyde. Lumber Liquidators Inc. (Lumber), a Virginia-based hardwood flooring retail company, …

Leading PCB manufacturer Orchem to pour $50M to establish China HQ

The facility will specialize in superior quality electronic chemicals used in the manufacturing of PCBs. South Korea’s leading PCB maker, Orchem Co., Ltd. has recently announced plans to invest $50 million to establish its China headquarters in CND (Changzhou National Hi-tech District). According to sources, the …