The SITI B&T Group’s event is taking place at the bt-SPACE, the company’s communication centre hosting the latest products developed in the bt-LAB.
The new squaring machines allow for greater control of grinding wheel wear as well as a more correct material removal.
The binding purchase contract for the 7.5 million euro deal was signed on 27 June, with the closing date set for December.
The new kiln has been in operation in the Kohler factory in Brazil for about 16 months, where it has reduced levels of consumption by around 20-25%.
The Pakistani ceramic group will install a complete plant, raising tile production from 15 to 40 million sq.m/year.
Margins see double-digit growth: EBITDA +12% and Group net profit +39%. Export share reaches 88% of turnover.
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 new facility, complete with dedicated parts warehouse, complements the group’s Moscow branch office which has been running for several years.
2018 revenues are expected to be up on the previous year thanks to a consistent order book and a higher concentration of turnover in the second half of the year.
The event organised by Siti BT Group was attended by more than 200 guests.
SITI BT is the only company in the ceramic machinery industry to meet the specifications established by the OPC standard.
This major investment will enable SITI BT Group to optimise all its logistics operations and improve customer service.