The Formigine-based group has increased its stake to 100% of both companies. The total value of the transactions amounts to 6.3 million euros.
The event organised by Siti BT Group was attended by more than 200 guests.
One of the main world players in the production of complete plants for the ceramic industry, SITI B&T Group delivers cutting-edge solutions for every stage of the production process, with great attention to energy efficiency.
Ceramica Gladymar has commissioned SITI BT Group to supply a complete plant for the production of 120x120 cm size tiles, a complete novelty for Bolivia.
More than 500 guests attended the preview of bt-SPACE, the venue devoted to communication between Siti BT Group and its partners.
A space devoted to communication between SITI BT Group and all its stakeholders is being set up in the Sassuolo ceramic cluster.
Siti B&T Group closed 2017 with consolidated revenues of 203.3 million euros (8.4% up on 2016) and a consolidated EBITDA of 18.1 million euros (+6.7%). The subsidiary Ancora also posted excellent results.
SITI-B&T Group has posted 22.5% growth in revenues and 37.7% rise in EBITDA in first half of year.
Revenues reach 209 million euros (up 14% on 2015), EBITDA grows by 9.3% and net profits soar to 9.7 million euros (+33.2%).
Lamosa has expanded its factories in Guanajuato and Tlaxcala with the installation of two complete high-efficiency lines supplied by SITI B&T Group.
GranitiFiandre joins the ranks of the leading Italian companies that have adopted G5 technology to further improve its production performance.
Vincenzo Palumbo talks about the development of the first digital printer for ceramic dishes and describes the achievements in the field of large panel decoration, with a focus on productivity, reliability and higher printing quality.