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Tiles

Ceramica Imola experiences growth

Feb 28, 2007
28/02/07 - Cooperativa Ceramica di Imola has launched an investment programme totalling 130 million euro over a period three years with the objective of increasing its output in Italy, in marked contrast to the internationalisation trend that is currently in progress in the Italian tile industry.

The Group closed fiscal 2006 with a total turnover of 390 million euro, of which 68% was generated by exports to Europe, North America, Russia and China. Turnover was 7% up on 2005 and according to initial estimates net profits also increased over the previous year's 5.3 million euro.
As well as upgrading existing plant, the new investment programme also includes the installation of four kilns (three in Imola and one in Faenza), which are expected to increase production by four million square metres of tiles a year, and two cogeneration plants (one in Imola and one in Faenza) to reduce energy costs, partly responsible for the general increase in prices faced by the sector over the last four years.

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