The tail end of this piece was about a Dh 7 bn property joint venture, have moved it to a separate topic about RAK Indu (assuming that's the correct name).
Business Line 21 Sep 2007 wrote:
RAK Ceramics to make Indian arm a major contributor
K.V. Kurmanath
Hyderabad - UAE-based RAK Ceramics (RAKCEC) has announced major expansion plans that will make its Indian arm the largest contributor with 2 lakh square metre a day in the next three years.
At present, the global production of tiles from RAK is put at 3 lakh square metres a day.
“We will increase the capacity of our Kakinada plant to one lakh square metres a day from the present 20,000-sq m a day,” Dr Khater Massaad, Chief Executive Officer of RAK, told Business Line.
He was here in connection with the launch of RAK’s second store in the city.
RAK India, which invested $65 million on the plant, would pump in $15 million a year in the next three years for the capacity expansion.
Gujarat plant
As part of the expansion, the company would set up a 20,000 square metre-a-day plant at Rajkot in Gujarat with an investment of $50 million. The facility, which would be up and running by the year end, would ultimately become 1 lakh square metre a day plant in the next three years.
This will make India the largest contributor of ceramic products for the company with a total capacity of 2 lakh square metre a day.
“The size of the Indian ceramics market is at 200 million square meters a year. Compare this with China’s 1.2 billion square metre a year. We expect that the market size in India would grow to 400-500 million in the next five years,” the RAK Ceramics CEO said.
Much the same as the previous article but there is one curious piece of information. RAK Ceramics is exporting products to Israel ? I would have thought that would raise a few eyebrows.
The Hindu 19 Sep 2007 wrote:
RAK Ceramics to set up vitrified tile unit
Special Correspondent
Forms venture with a Singapore firm
Partners Indu Projects of Hyderabad
HYDERABAD: RAK Ceramics, a global ceramic manufacturer, will be setting up a vitrified tile manufacturing plant with an installed capacity of 20,000 sq. m. of tiles a day at Rajkot in Gujarat with an investment of $50 million before the end of this year.
The company also proposes to invest $45 million in the next three years on the 20,000-sq. m. a day plant near Kakinada in Andhra Pradesh to ramp up its capacity to one lakh sq. m. a day.
Naturally, the present production capacity of 2,000 pieces of sanitary ware will also be scaled up.
Addressing a press conference, after inaugurating the second showroom here on Tuesday, CEO and global head of the company, Khater Massad, said the company would enhance the capacity of its Rajkot plant also to one lakh sq. m. a day in three years. This meant that the production of the company in India would go up to two lakh sq. m. a day.
Mr. Massad said the company was exporting 30 per cent of its Indian production to countries like Australia, Taiwan, Israel and a few European nations.
The Indian ceramic market was estimated to be 200 million sq. m. a year and it would go up to 500 million sq. m. in five years from now.
The company had production units in the UAE, Bangladesh, China, Sudan, Iran and India. He observed that the Chinese ceramic tiles market was 1.2 billion sq. m.
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? I would have thought that would raise a few eyebrows.
