RAK Ceramics, among the world’s top five producers of ceramic tiles, plans to build a third plant in India to almost double its production capacity there next year, according to the company’s chief executive.
“Our target in India is to have 20 million square metres of capacity by 2018. We are bullish on growing our capacity and increasing our market share in a fast-growing economy,” said the chief executive Abdallah Massad.
Plans to set up a greenfield plant in the western Indian state of Gujarat are at an advanced stage, Massad said.
The company’s two existing facilities in India have a combined capacity of 11 million square metres of tile.
RAK Ceramics has been pulling out of businesses such as real estate, construction, warehousing and leasing to free up resources for growth in its core business.
(Source: The National)