Faetano named Lowe's "supplier of the year"

Apr 15, 2003

Faetano named Lowe's "supplier of the year" 15/04/2003 -Lowe's, the American giant household product retailer, has named Del Conca "supplier of the year". This prestigious recognition will be officialised at a ceremony to be held in August.

The Faetano Group has been a Lowe's supplier since 1997. This important and challenging agreement has obliged the Italian group to comply with demanding service procedures and codes of conduct concerning quality, speed of delivery and service efficiency. "The fundamental characteristic of the Lowe's stores", explains Enzo Donald Mularoni, managing director of the Faetano Group which owns Ceramica Del Conca, "is that in spite of operating in the large-scale distribution segment, the display spaces are designed in such a way as to compete with household product retailers in terms of showroom appeal and customer service."

The in-focus sections contains a short profile of the two groupsSalone Lowes-Delconca.jpg FOTO.JPGThe Faetano GroupThe Faetano Group

The Faetano Group (115 million euro turnover and 500 employees) consists of two manufacturing companies (Ceramica Faetano and Ceramica Del Conca), three sales companies (Produco srl, Imso srl, Del Conca USA), a holding company (Fintile) and a foundation (Cino Mularoni).
In spite of gradual stagnation in the sector, the group reported a constant growth trend in 2002 (+12%), largely due to market share earned in the United States.
Furthermore, Pastorelli Ceramiche, recently acquired by the Group for a figure of more than 30 million euro, signed a supply contract with the French giant Saint-Gobain which will be worth nine million euro over the next three years. The Group is amongst the top ten Italian ceramic manufacturers and expects to report a turnover of 115 million euro this year.The Lowe's GroupThe Lowe's Group

Lowe's, one of the 100 largest companies specialising in the retail sale of household products, has been operating for 57 years and has more than 800 stores in 43 US states. The Group closed fiscal 2002 with a turnover of US $26 billion and a solid structure consisting of more than 110,000 employees, who own 7% of the company's shares. Lowe's has been listed on Wall Street since 1961.The Faetano Groupwww.delconca.comLowe'swww.lowes.com