Despite uncertainties and economic instability in numerous countries, the Vila-Real-based Porcelanosa Group posted 3.4% revenue growth in 2018 to reach Euro 806 million.
The result was announced by the group’s Managing Director, María José Soriano, at the inauguration of its traditional annual event, the 26th International Exhibition of Global Architecture and Interior Design, which took place in January and was attended by more than 12,000 professionals from all over the world.
The event brought together all eight of the group’s companies (Porcelanosa, Venis, L’Antic Colonial, Gamadecor, Krion, Butech, Noken, and Urbatek), and offered customers a preview of the new 2019 products in an exhibition space of approximately 13,000 sq. metres.
Commenting on the 2018 results, Soriano confirmed that the best performing markets were Spain, Portugal, Russia, Mexico, and the Netherlands. He also discussed the expansion programme for the group’s global sales outlets, which already number more than a thousand. New openings are planned for 2019 in Virginia (USA), Guinea, Uzbekistan, and Siberia along with new branches in Cologne, Buenos Aires, and Johannesburg.
The group is also expanding its workforce and is continuing to invest in its production activities in accordance with the 2018-2020 development plan. It invested Euro 100 million in 2018, while a further Euro 150 million investment is planned for the two-year period 2019-2020 with the aim of improving energy efficiency, waste management and product innovation.
In particular, it has built a new wall tile factory which will become fully operational in 2021 and will extend over a surface area of 100,000 sq. metres with heights of up to 16 metres. It will have 13 pressing and glazing lines and four new 101-metre kilns. When fully operational it will increase wall tile production by 25%.
Maria José Soriano is cautiously optimistic about 2019. “We are not looking for double-digit growth but for sustainable and stable development without excessive fluctuations that might pose a risk for the company,” he said.
More at: https://www.porcelanosa.com
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