Caesarstone enters porcelain market by buying into Indian producer

摘要

Quartz company Caesarstone has entered the rapidly growing porcelains market by buying a majority shareholding of Indian manufacturer Lioli Ceramica. Lioli Ceramica sells around US$18million worth of porcelain countertop slabs globally a year. The Israeli Caesarstone, with a UK arm headquartered in Enfield, London, and with a centre in Manchester, has set a strategic mission to become the brand of choice in countertops through a key focus of product portfolio expansion in new materials. Porcelain's growth makes it an essential area to move into. Yuval Dagim, Caesarstone CEO, described the move as a major step in the company's efforts to advance its global growth.