BASF has sold its Construction Chemicals division to the private equity fund Lone Star for 3.17 billion euros. The transaction is expected to close in the third quarter of 2020
Improved flexibility in terms of size and thickness, less scrap, lower electricity consumption, digitally synchronised surfaces, through-body decorations using SACMI Deep Digital solutions and the added benefit of being able to use standard porcelain tile bodies are the factors behind the global success of Continua+.
The Spanish ceramic group plans to build two new production lines, a logistics centre and a showroom, beginning with a 30 million euro investment in 2020.
Among the latest new products presented by Torrecid at Cevisama 2020 were the eco-friendly 2low-inkcid® glazes and inks and the new generation of high colour intensity inks.
The Spanish group posted 15% revenue growth, an EBITDA of 104 million euros and investments of 90 million euros in 2019. It has also announced the acquisition of a 50% stake in Argenta Cerámica and Cifre Cerámica.
Xiang Da Ceramics of Foshan, founded in 2005 but already one of the largest ceramic tile producers in China, has commissioned LB to supply Naturetech and Rolltech LBXTRA kits.
Tile production in Bangladesh has grown by 150% in the space of just 5 years, reaching 119 million sq.m in 2018. DBL Ceramics stands among the local largest ceramic tile producers.
In 2019, production and sales remained stagnant at 409 million sq.m. Non-European markets saw the biggest falls, while the domestic market made a slight recovery.
With a production of about 114 million sq.m, Nigeria is now the second largest tile producer in Africa, with 8 manufacturing companies, of which 6 financed entirely by Chinese capital
Production and exports will continue to grow. The new challenge comes from the introduction of 42.9% antidumping duties on Indian tiles in the Gulf States.
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