Last December, the historic Italian adhesives manufacturer Litokol acquired a 21% stake in Estima, the largest Russian porcelain tile manufacturer.
The agreement for the acquisition of the historic Fiorano Modenese-based ceramic company was signed on 20 January and will be finalised following approval from the Antitrust Authorities.
For 2016 as a whole CRESME estimates total investments (including VAT) of 29.2 billion euros and 1.7 million applications.
Wienerberger Group remained on track throughout the first nine months of 2016.
The Italian ceramic group has closed the third quarter of 2016 with a further sharp rise in net revenues, margins and consolidated net profits.
Executive Director of the Expo 2020 Dubai Bureau, Najeeb Al-Ali, presented Expo 2020, the first mega event in the Middle East at The Big 5 2016
Economy & Markets: Tile International speacks with mr. Baraldi
The American giant Mohawk Industries, Inc. remains firmly at the top of the rankings updated by Ceramic World Review.
Latest report commissioned by The Big 5 reveals USD 98.3 billion worth of hospitality, leisure and recreation projects in the UAE.
According to the report released at the end of the 81st Euroconstruct Conference held in June in Dublin, it is estimated that GDP will grow by 1.9% per annum for the 19 Euroconstruct countries in the three years 2016-2018.
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