BASF has sold its Construction Chemicals division to the private equity fund Lone Star for 3.17 billion euros. The transaction is expected to close in the third quarter of 2020
The Spanish ceramic group plans to build two new production lines, a logistics centre and a showroom, beginning with a 30 million euro investment in 2020.
The Spanish group posted 15% revenue growth, an EBITDA of 104 million euros and investments of 90 million euros in 2019. It has also announced the acquisition of a 50% stake in Argenta Cerámica and Cifre Cerámica.
Xiang Da Ceramics of Foshan, founded in 2005 but already one of the largest ceramic tile producers in China, has commissioned LB to supply Naturetech and Rolltech LBXTRA kits.
The US tile producer will install the new automatic lubrication system on kilns and dryers on the new production line started up in Lebanon, Tennessee.
The Continua+ line was started up in September and will enable Simpolo to position itself in the high end of the market with a full range of new products in sizes up to 1600x3200 mm.
The Argentine company Ilva will install the Divario line in addition to the Rolltech and Chipper aesthetic kits for the production of full-body porcelain
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