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Joint venture between Rak Ceramics and Laticrete

Jul 21, 2003
21/07/03 - Rak Ceramics and Laticrete International recently signed an agreement to set up a new company to manufacture innovative installation products for sale in the Middle East and Africa.

Work on the factory is already at an advanced stage at Ras Al Khaimah in the United Arab Emirates.
According to Khater Massad, managing director of Rak Ceramics, "The agreement between Laticrete and Rak Ceramics will fortify the presence and services offered by Rak Ceramics in the area of the Middle East and Africa.
Laticrete International and Rak Ceramics have complementary product lines, a high growth capacity and a good strategic position in the two geographical areas".

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