The Indian ceramic group has announced new investments of more than $30 million, to bring its total capacity to exceed 80 million sqm/year by March 2022
The Indian group is confident and determined to surge ahead in the post pandemic phase, thanks to its financial solidity and recent production investments.
Mohawk Industries, SCG and Lamosa lead once again the rankings. Victoria PLC is the new entry among the big names. For most of the big groups the outlook for 2020 is not overly pessimistic, with declines below -10% and even some players anticipating growth.
The Indian group expects a further 12-13% sales growth in volumes in the fiscal year 2020.
The expansion project at the facility in Gailpur, Rajasthan, is expected to be completed soon.
Mohawk Industries (USA), SCG (Thailand) and Lamosa (Mexico) lead once again the rankings. Good results were also posted by Vitromex (Mexico), Pamesa and STN (Spain), Kajaria (India) and Arwana Citramulia (Indonesia).
The American giant Mohawk Industries, Inc. remains firmly at the top of the rankings updated by Ceramic World Review.
The Indian giant started up of two new production sites in Rajasthan and Gujarat, reaching a production capacity of 68.6 million sq.m of tiles and a real production of 58 million sq.m.