The Brazilian ceramic tile industry contracted sharply in 2022 and expects a further slowdown in 2023, although the first signs of improvement may emerge in the second half of this year.
This investment consolidates Cerbras’ technological switch towards glazed/polished porcelain tiles made with spray-dried powder. The new line includes the largest Sacmi kiln ever installed in Brazil.
Portobello’s new state-of-the-art factory in Tennessee will be started up in April and will have a yearly production capacity of 3.6 million sq.m of ceramic tiles.
The Brazilian ceramic tile group posted consolidated net revenue of R$1,700 million (approx. €324.2 million) in the first nine months of 2022, up 21.4% on the same period in 2021. EBITDA grew by 27.1%.
Scheduled to begin operation in 2023, the line will increase the capacity of the large slab production facility and bring environmental and cost benefits.
The Formigine-based company, which has been operating in the South American market for almost 15 years through its subsidiary Tecno Diamant do Brasil, will be showcasing its latest innovations at Latin America’s largest exhibition of surfaces and finishes.
The deal will be finalised in the first quarter of 2023 and will establish Mohawk Industries as the market leader in terms of value in Brazil, where it already operates with Eliane.
The Brazilian group’s accounts are solid and resilient: revenue grew by 50.4% and net income and EBITDA both surged by more than 169%. Work has begun on the new site in Baxter, TN.
The first 4 months of 2021 marked a strong recovery in Brazilian tile exports, which grew by 45% in value and by 48% in volume compared to January-April 2020.
Benjamin Ferreira Neto (Alfagrês) took office on April 28 as president of the Board of Directors of Anfacer, the Brazilian Association of Manufacturers of Ceramic Tiles, Sanitary Ware and Related Products, succeeding Manfredo Gouvêa Júnior (Elizabeth) in the position.