The US flooring giant posted 4.8% growth in the 2022 financial year with total net sales of $11.7 billion. The Global Ceramic division’s sales grew by 10% to $4.3 billion.
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.
All of the group’s business units have reported strong growth. The Global Ceramic segment experienced an 9.6% upturn driven by strong performances in North and South America, Europe and Russia.
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 Italian group (in the USA with Florida Tile) is confident that their US Business Unit will see moderate growth this year after a disappointing 2018.
Net sales grew to 10 billion dollars (+5%), total investments tot up 1.5 billion dollars. The Global Ceramic Division registered a 4% growth in sales to 3.55 billion dollars.
Total net sales grew by 5.9% to $9.5 billion. Sales of the Global Ceramics Division grew to $3.405 billion in 2017 (+7%), equivalent to 36% of the group’s net sales.
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).