With an annual tile production of almost 80 million sq. metres, and sales of 85 million sq. metres - including around 6 million sq. metres of tiles purchased from other manufacturers - Grupo Industrial Pamesa, based in Castellón, Spain, has confirmed its position in 2017 as the biggest producer by volume in Europe and the seventh largest in the world.
The group, led by Chairman Fernando Roig, has experienced rapid growth in revenues in recent years. “In 2017 the Group’s consolidated turnover rose to Euro 580 million, while its profits grew by 13% to Euro 51.1 million,” states Jorge Bauset, CEO. “In 2018 we expect to raise production by around 15% and to see similar growth in sales revenues. As for the total Pamesa Group turnover we should reach Euro 640 million.”
Pamesa Group consists of six brands (Tau, Pamesa, Ecoceramic, Geotiles, Prissmacer, and Navarti).
Tau, which was acquired in 2016, has absorbed the largest share of investments in the last two years, with a fifth kiln installed in March.
“This year Tau brand sales are likely to reach Euro 45-50 million, equivalent to around 10% of the group’s tile revenues,” said Bauset. “This is a good result, but there’s still plenty of room for further growth. We believe that Tau’s revenues could easily return to above Euro 100 million.”
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