The Italian ceramic group has conquered the US market with its second-generation FullVein3D technology for the production of porcelain stoneware slabs.
The plan includes targeted actions focusing on product innovation, expansion of the group’s global presence and workforce, and the construction of a new business hub.
With an investment of €45 million, mostly in the form of a capital increase, Cleon is providing the financial resources for the growth of ABK Group and joins the shareholder structure alongside the founding partners.
The group has completed its new technology hub in Solignano and purchased the former Target Group premises in Fiorano Modenese, which will house offices and showrooms for all the group’s brands.
From the uncertainties surrounding gas availability and prices to the race to replace Ukrainian raw materials. The Italian ceramic tile industry is facing the challenge of rising costs against the backdrop of a very buoyant market.
The historic French brand Desvres has become part of the Finale Emilia-based ceramic group, which in recent months has also purchased Gardenia Orchidea and acquired a 49% stake in the Spanish company Arbe Stolanic
ABK Group is stepping up the pace of its international expansion in the furniture sector and will begin selling the innovative “invisible” Cooking Surface Prime hob integrated with ABKSTONE and Materia slabs in international markets.
The acquisition establishes ABK Group as one of the top players in the luxury segment of the ceramic industry. The Group expect to reach a total turnover of €150 million in 2020
The plant is due to begin operation at the Solignano facility by the summer. Along with a Continua+ line, the plant also includes an EKO kiln with the largest internal surface area ever installed in Italy.
Wall&Porcelain is a new kind of porous stoneware that combines the advantages of both porcelain and double fired or monoporosa tiles while eliminating the problems typically associated with these products.