Articles

The GCC ceramic tiles market size is expected to reach USD 16.82 billion by 2030, growing at a CAGR of 8.4% during the forecast period. Rising investment in construction projects by the governments of Saudi Arabia, the UAE, and Qatar to boost economic growth in their respective countries is expected to drive the construction industry, thereby, augmenting the demand in the market over the forecast period. Read More

The Tile Council of North America (TCNA) welcomes the public to attend the festive opening reception of the Tile Heritage Foundation's exhibit, TexTiles, December 1, 2023, Simpsonville, South Carolina. Read More

Home Depot entered into an agreement to acquire International Designs Group (IDG)—a construction materials conglomerate that includes UMI, Construction Resources (CR), Marva, European Granite & Marble Group, and Cancos Tile & Stone—from private equity firm Mill Point Capital. Read More

U.S. hard-surface imports in September 2023 continued to decline, with the $395.7 million in total value falling by 10% from August and 18.7% from the same time last year. Quartz-surface imports continue to lag behind last year, with September's volume falling by 25%. Marble, meanwhile, managed to increase in year-over-year volume -- by a scant 0.6%, but it's a positive. Read More

In the first nine months of 2023, total US imports of ceramic tile were 141.6 million square meters, a decline of 10.1% from the same period in 2022 when imports were 157.5 million square meters, reports Grosser Consulting. Read More

Floor & Décor reported net sales of $1.1 billion in Q3 2023, up 0.9% from $1.1 billion in Q3 2022. Read More

CONFINDUSTRIA MARMOMACCHINE recently issued the tables created by the Association’s Studies Center regarding the stone sector’s export trends in the first half of 2023. The overall export figure – covering both materials and extraction and processing technologies – showed essential confirmation of the record levels of 2022 (+0.1%), or worth of 1,566.3 million euros. Read More

Mohawk reported net sales of $2.8 billion for Q3 2023, a 5% decline compared to sales of $2.9 billion in the same quarter last year. The company reported an earnings loss of $760 million for Q3 2023, compared to a loss of $534 million in Q3 2022. Read More

U.S. floor coverings manufacturer sales (shipments minus exports plus imports) continued to decline in the third quarter, however, at a more moderate rate. Dollar sales could have declined by 4.3 percent in dollars and 4.4 percent in square feet. This compares to an 8.1 percent drop in dollar sales and a 9.5 percent decrease in square feet in the first half of 2023. Read More

The 40th Cersaie, held in the Bologna Exhibition Centre from 25 to 29 September, showcased an astonishing array of high-quality and innovative products in visually captivating and emotionally engaging booths. The hard work and investment on the part of the exhibiting companies was amply rewarded by the success of the event, with results that surpassed all expectations. Read More